Kieser- I do like what you have expressed as a whole however....I can assure you that more than 50M shares of new long interest are in play over the last year. While the majority don't determine share price on a day-to-day, they do over the long term. the major moves are based on longs.....the sell-off last summer, longs selling and speculators selling. I agree, at some point in the next decade this stock won't double but triple based on population and demand, but stubborn longs will behind that move too.
sorry, continuing...but it is the conviction of those LONG the stock that must move it. When people realize that the stock is trading 'crazy' low and say 'enough'...like last summer. It changes the direction of the stock. The next trigger that will make the stock move will be when people like Abbaman, you, me, and others are saying, dang, I should've bought or should buy.....then the stock will move UP. Do you want to buy on Monday? I don't. Just being honest.....though it isn't way off my 'interest list' either. Best of Luck all, we have a winner here thanks to divy and sex drive ;) B
the chartist in me is saying this.....of course it is Sunday AM....I expect the stock to trade up to 10.75-11 by Wednesday, so I will sell it on any spike on Tuesday or Wednesday as long as the spike is above 10.75.....I will not be selling my whole position rather about a quarter. Either way, the money from the trade will go back into CLNE as soon as it can be justified. GL all, B
this is going out on a limb....and I've been here for a long time so those of you who are new can look me up I guess. Next time this year, I think the stock price will have touched 300!!! I have multiple reasons both technical and fundamental for this but I see it happening. I'm not saying I'm buying b/c I haven't. If we go to the 140s again, I may now that I have loosened my portfolio up, but till now I wasn't in that position. Of course, now it will never go down again.....that wouldn't be so bad. GL all, B
What is wrong with you? For your sake fred, I hope there is no way your name here can be brought to 'real life'. When it's all said and done, it's money.....it's temporary.....if it's fulfilling? Why?
I guess the question I have is why? Why are you trading a spec., growth name that pays a divy the size of this in a space like NG exports which is a foregone conclusion? Why are you putting your gamble money here? Trading is gamble money. This isn't a gamble, hence the generous divy. This is a retirement holding....or at the very least, one of those that you watch mature. I will DRIP and add when opportunities arise. GL all, B
Well, it was 148/sh 10 days ago.....so based on that move, project forward....about 9 days give or take. But to really answer....who knows? Tuesday? Next month? Next year? Never? I'm long so I think if it takes a year then fine, based on fundamentals....It's not 180/sh I'm wondering about, it's 300/sh I wonder about b/c the CAP will be 100B at some point I think.
You may be right on the 8.20/sh...but as for the rest??? You don't have a leg to stand on. FNFG isn't the best financial company in the country. I do however own the stock b/c it is in a sector that is going to have to go higher if the economy is going to actually, really grow. Therefore, I'm in at these levels which relative to book value I feel comfortable. The divy is also nice. I don't get why anyone would want to try and ride this stock lower unless you are just a bitter 'once' long.....in which case, grow up.
Oh, and as for the company cutting benefits??? Look around, it's happening everywhere. You can thank your President for that. I personally think that those employees are better off with a job and no benefits than without a job and government assistance.....what do you think???
Well, since that post...so far so good. I stand firm with the call. I'm in as much as I am going to be in (avg. at 115) but the point of the post is that if you are in at the current base level, there are fundamental and technical reasons that seem to be pointed higher. You can sell stupid all you want, I'll just sell my shares at 300! GL all, B
Well, how much a stock is doesn't really matter when it comes to comparing two different companies. For example, GE is a 26/sh stock just like UPL....does that mean they are actually worth the same??? NOT!!! With that said, why does everyone think that the price action is all short selling? The price ripped up 50%. There are plenty of people who sold strong and weak hands on that rip. I know I was considering but didn't because I think NG has so much upside that selling a 50% rip wouldn't make sense when it was just the first 50% of a possible far larger move. I've been in for a long time (first couple buys were at 45 and 50/sh) and I am currently dead even at 26/sh!!!! I am feeling good, but to say I didn't consider selling at 30/sh would be a lie. I personally think there are many like me who are trimming their positions and waiting to see where support will prove to be. I don't think there are to many new shorts jumping in at this point. There is too much of a fundamental tailwind going with NG for people to be jumping in on the short side. However....to take profit makes total sense.
Well...all the way there will be share holders who think you're wrong and new owners who have more to lose. I personally feel like it is ripe for a rip higher and this isn't it. I hope you are correct but I won't be there the whole way......I think 135 is possible in the near term (6-9 months).
Why is the selling all on the short side? Personally, I sold some at 20.50 and continue to hold a sizable position that I have no intention of selling anytime soon unless massive share appreciation occurs. The stock is stalled....that is good for longs after a 50% rip higher!!! Profit taking and some short selling is being digested by new buyers. How is that a good thing for people short the stock? If anything, the shorts are running out of leash....they are gonna get squeezed out and the sick part about a squeeze now is that with a base being built here by new longs....the rip will likely be much higher than had no consolidation taken place. WLT will probably trade south of 20 and north of 25 at some point in the next year....it will be a fun drama to see play out.
wow....you are full of it! For starters, the stock split so if you bought at 20/sh than you were up not 150% but rather 500%....but you clearly didn't know that so go away. As for the original post, you don't know what you're talking about either b/c they have actually held back growth to a frustrating high degree for longs. The reason the stock is being punished so hard isn't b/c of over-growth, but because of the conservative nature of their growth. The reason I am likely adding here is b/c they are the only chain who is in financial position to grow at this point. They can take on plenty of debt where their competitors absolutely can't take it on. I personally think WFM is a must buy at these levels though I have been hoping for lower levels thanks to folks like yourselves who may own the stock.
I like to trade around my positions as well though I have a full position here. This is a position where conviction has paid off for me at this point in time. It's nice being up 70% for the position and have no bad buys. I wish all my holdings were as sweet as this one. I find myself in a holding pattern at this point. I think the stock is gonna be stuck b/c people have been burned here at this valuation a couple times in the past 5 or so years. It will be a Q by Q story for awhile. BUT, the point I was making about a year or so ago was, the street needed to gain trust....now that trust must be believed and accepted...when it is, that is when the flying will occur. If they execute over the next year this stock will go to the $35-40 range. GL all, B
PNGGGJONES- Great post! I don't dispute anything that you are saying but I will tell you that as a long, and one who got longer on the last pullback, I do see this as a great speculative position. With big oil starting to get interested in NG I gotta think that they believe it is the future.....I mean, at some point our leaders here have to wise up and see that when you are holding a full house, you don't continue to fold. We are sitting on a FULL HOUSE!!! I own GLNG also and it is ripping based on the fact that in the next couple of years we are going to be exporting....everyone else has figured it out. I have confidence, and patience, that we will here also. Best of luck to you. Let us know when you buy.....B
As I sit here at almost 2am and glance though the portfolio and have to look at WLT...errrr...I have to admit it. It got way worse than I thought it ever could. I might buy some more if the situation is right (news and sh. price) but I don't think so. I won't be selling either. Obama won't win the next election so I'm pretty sure that fact alone is worth 10#$%$ some point.....but I still can't buy b/c I am OK with defeat here. That said, the fact that I have learned to take a loss....this means it likely will turn out to be a missed opportunity. That would be the day. Of course, just look at GE, WFT, GD, GS, UPL, CLNE, POT, BIDU, AAPL, NFLX, and the list goes on....if I gave up on all of these....then where would I be???? I'll hang and kick myself later....I have to admit that I'll done it before, and I'll do it again. Go Republican party! Well, for this position anyway. GL, B
Please people, before you run around posting that you have just read the most embarrassing thing on yahoo....scroll around the site. People on these boards can actually type in a language that is learned in school, which is a start. They can also talk about something other than what is directly in front of their face which is abstract thinking at a minimum. To say that a person on this or any ticker board is an embarrassment really just makes YOU the embarrassment! Get real and except that there are people who have a different view than you. Well, that is all I have to contribute to my scroll though the board tonight as the stock is on a tear of late and I hope it can fight the tide of the Global negative trend that is this week. I think that a level of resistance will be established today as Iraq helps nobody spend on China. Not right now. BIDU has an excuse to sell off today, perhaps I will join the selling. Not likely. GL all, B
To Nadsmis' point though, often stocks that are overpriced get WAY overpriced before they correct. I don't have a huge position in GLNG but big enough to care and I got in really low so I got lucky. With that said, I am going to sit on the shares so that I don't make the same mistake that was made after I sold DDD after the 1st 100% in upside. Stocks usually overshoot and those will correct but there is usually an event that causes the correction. I don't see any event on the horizon that would make the export and transportation of NG not be a good investing idea right now. Unless of course everyone out there in the Eastern half of the World choose to shake hands and quit with the horrid actions currently taking place......No, things are gonna get worst before they get better, and for GLNG that is actually a good thing. Other names to look at are ERF, UPL, and maybe even CLNE on the homefront. These are all names that on a historical basis are still pretty cheap. Well, ERF is only looking pricey because they completely changed their business over the last few years and they've hit a homerun with that change. Anyway, GL all. B
Hey, selling at 57/sh after it was 37/sh like yesterday is fantastic. No mistake there no matter what. I know I whined a bit earlier regarding the DDD misstep but in the end, selling b/c a stock rips higher is just good portfolio management most of the time. I have not sold any GLNG yet but if this rally continues on for too much longer I will consider it. As for ERF, I am up about 100% since I got in last February...my least stressful holding ever...but for those getting in now be alert. UPL is a very solid company with quite a bit of upside, but it has run from 19/sh in the last 6 months or so. CLNE is the stock I personally think has the most upside in my portfolio over the next 5 years. I do think that there is a transition to NG powered trucks in our country and their fueling stations is going to be the bloodline of that transition (they also have other rev streams which are forward looking too). Anyway, best of luck to you both and feel free to comment on my remarks. I personally like to bounce ideas and get them bounced back...even if they are of differing views. GL, B