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  • mekelani mekelani Jan 15, 2008 7:13 PM Flag

    I'm never buying on fundamentals again..

    If I didn't believe in the fundamentals I would have sold this at the first sign of distress. Instead I added to my position.

    Seems that fundamentals don't matter any more... isn't this supposed to be an efficient Market. What a crock of B.S.

    Even if the BDI rebounds, who in there right mind is going to buy this. Should have sold in the 40's, just a horrible investment.

    Now I can't do anything but go down with the ship...

    Although I really have no one to blame but myself...

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    • On the contrary my friend. I'll post what I posted on another. Profit is key.

      I agree. The market is taking full advantage of the downturn, the BDI, and the seasonal aspect of this stock and just knocking it down. One quick comparison is EXM's PE is 10 vs DRYS=6.8. Exm seems to "pop" more than any other and I believe it be more popular despite DRYD being more profitable(73.8% profit margin vs 37.5% EXM) hence the fundamentals everybody is talking about.

      What alot of people dont get on this board and who are new(where I'm still learning about this sector too) is the profitability!! For example the big names:
      Microsoft's profit margin = 27.5%
      Google = 26.9%
      EMC = 12.15%

      And hello.....

      EXM = 39.51%
      DRYS = 73.8%

      Most companies would kill to have that type of profit! Who cares if it drops 40 points as long as it comes back right? No worries. You dont lose $ unless you sell.....

      Just a quote from todays article:

      "The world will keep turning, and trade will keep going on," he said. "This is such a hot sector -- an awful lot of investors are just getting used to how these stocks work. I see them coming back. (The market) seems quite spring loaded"

      EXM will go back up but yes it may not be for a month or two or spring when the weather is better....iron ore negotiations....China's iron ore inventory is dwindling and they as well as others will need it as well as everything else....

    • Todays trading world, is so manipulated by mm's fundamentals do not matter. How can u explain a co. that beats estimates and is in line with giudance and it tanks and a stock that has horrible earnings goes up. This isn't our fathers markets anymore. It is all about placing false articles in barrons or have the cramers of the world manipulate the sheep. How else can u explain a big block buy and a stock barely moves on the buy and a 100 share sell moves it down more. It is all a game and we must learn their tricks in order to win.

      • 1 Reply to day_trader42
      • <<<Todays trading world, is so manipulated by mm's fundamentals do not matter.>>>

        My 28 years of this sh-- says "Fundamentals ALWAYS matter."

        Does that mean stocks with good fundies always go up or bad fundies go down? Hell no. So if that's all you meant, that they don't always follow the rules, then I'm with you.

        But IMO fundamentals DO matter and over time stocks with great fundamentals will do far better than money losers.

        Anyway, thanks for listening to my $0.02.


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