don't bother trying to apply intelligence here...it won't work. For years...XOM being the bell weather of energy generally had a 1 to 1 ratio with oil. Meaing, when oil was at $100, the stock price was at $100....now oil is at $45 but the stock is OVER $90...totally stupid (more then a 2:1 ration). Point is...XOM is WAY overpriced. As well, the forward earnings growth is well...negative. Why are idiots paying so much for this stock?
based on what? the dying industry of telecommunications? No one is buying cellphones anymore? Apple's huge cash hoard and powerful brand...not including it's other businesses? If you think Apple should be done...then every other stock in the world should be wayyyyy down on a relative basis.
WHO...CARES....ABOUT....THE...UK. This is totally about global demand....current price of oil and the relative price of XOM at $90! Oil is still only $47!...not $110.
Eel! Finally an intelligent post...you have given me new faith with this investment board. Stock price at $90 is just stupid...I'm too busy to explain why anymore.
?? what a bunch of morons you are...bloated? Apple has almost $60 of CASH per share...so they are trading about $35 per share net cash...yeah...really expensive stock. Yeah, UK is going to disappear and no one will buy any more cell phones...maybe they will get rid of cars too...bring back the horse and pony show...wow...good luck hilly billies.
pffttt...useless comment...I'm so impressed that you think this is a great investment based on your non-existent analysis.
lol....THIS is exactly why I got out of the stock...wow what a bunch of dummies...love the yahoo article..."why Linkedin sold"....ah cuz they found idiots willing to give them 26 BILLION!!!! lol...god bless America.
well I agree with some of your comments...the real reason apple is dropping is because it's out of favor...the market is loaded with stupid investors who only use emotion, not intelligence. But you can't fight the market. Even if Apple, going forward, reduces their sales to 65% of what it is now...it would still be an incredible money making machine. People talk as if smart phones are going to be gone next year or something.
you forget the most important thing...cash on hand equals to $65 per share based on 2016 cashflow! So, basically this stock costs $25.
An intelligent investor would be worried about this....maybe take some profits. At this point, MCD is worth 3x that of Apple on a relative basis...this makes sense to you? I made good money with Mcd myself but when I see comments like yours...this is when I know I did the right thing by selling.
Nice try....earnings over the past 4 quarters has been DECLINING....including next quarter...but you think the value of the stock should go up? wow. ignored.
P.S ...producers agreed to freeze production at their current rate is not a big deal....dummies getting excited over this...again...wow.
you have things confused....when Oil was down to $35...XOM should have been in the $50's...accept that as a gift when it somehow stayed at $82....even now with oil at $39 with NO fundamentals backing it (market HOPES that production will decline)....XOM at $84+ is simply stupid. XOM should be trading in the 60's based on fundamentals and not emotion.
it beat it's LOWERED estimates...nothing to be proud of. Year over year and quarter over quarter results are clearly showing negative growth and earnings.
um...maybe because of oil being only $35? The real question is why has XOM moved up from the 60's to $84! totally crazy up move on nothing but hope.
Even if this was true (which it is not, XOM themselves announced that they have STOPPED buying their own share...how is that for confidence!)...buying a share based on financial manipulation is simply foolish. People wouldn't pay $72 for this stock....but not willing to pay $84 because they THINK oil will go up sometime....sadly I believe this represents the average intelligence in the market today.
At least he explains his position....explain yours, why do you think Oil is bullish? huge demand, growing economies, lack of supply? Because none of these examples are happening today.
well, the price of oil is still WAY down from previous years....no idea why all the recent hype in the stock (up to $84!!) when over supply still exists, Iraq and Iran on line with increasing production and Saudi has cut at all...simply don't understand XOM investors....even if not a loss...why push up the price of the stock? Simply foolish.