Are you serious? You think that the price of a share predicts reality? This is how you invest...so because XOM is going up...Oil prices must go up...wow.....So when Bre-x exploded, gold prices did as well? I'm actually shocked....
One could have bought XOM at $65+ when Oil was at $45....now Oil is under $40 and XOM is almost $81...totally stupid trade.
So oil is below $40 now and XOM is...UP? Does anyone find this somewhat strange....something going on with the market's intelligence as of late? (ie...6 months). This is really, really strange stuff I'm seeing.
American markets completely fubared...Apple is DOWN going into it's best Quarter and Exxon...which hit $69 when oil was $44....is now $80 with oil at $39....and it's UP TODAY! Do "investors" understand anything?
Oil is now below $40 and not only is XOM still over $80 per share but it's actually up today. Completely confused market propping this up...total fool's game....sell if you can...do NOT buy. Don't believe in this nonsense.
Cbush...I hear ya! heck---look at Amzn...p/e of over 950! and people are still buying. Has the market been filled up with idiots? Yet Gild and Aapl with p/e of around 10 and BILLIONS in profits can't get support. Somebody put something in the kool-aid?
Good post...I've been saying this for YEARS! It still amazes me how stupid people are...they continue to bash APple...even sell their shares BEFORE earnings...only to to surprised how good they were. The constant haters are so brain washed it's amazing....guess what is going to happen in December...that's right Q1 earnings, the highest earnings of the year for Apple. Guess what the expected Revenue is...$80 BILLION for 3 months...do people understand this? Clearly not...it has a forward p/e of about 10!
Clearly, insider buying but they can't hold it up forever...told ya you should have sold at $87!
This will collapse at some point...just a game of music chairs right now. The greater fool theory is in full affect with this stock. What makes me really laugh are the people who buy into this stock when it comes up $20...but not the day prior when it was down? I believe investors are simply getting excited and feel more obligated to "get in the excitement" was the share price goes up....really weird paradox but I'm not playing this game at all. I have a generally rule where my investment rational disallows me to invest in companies with p/e's of over 900 :)
really? have you looked at their earnings? just because they are "busy" doesn't mean their are profitable. Educate yourself.
But nah, buy at 4% higher today because oil is up a few pennies...wow...really smart investing. Btw...the 3 BILLION barrels of oil surplus has not disappeared!
much less push up the price...truth is though most of the buying comes from hedge funds who are using other people's money (ie..not their own)....so they will collect the short term bonuses and when Amzn flops....oh well...close the hedge fund down...lol.
Div is meaningless, buy backs same...if the average investor doesn't realize the value of Apple these financial engineering moves will not offer anything but short term pops. Apple under $150 is completely stupid and unfair..in terms of no way then should goog, fb, amzn, ntfx be trading where they are.
classic irrational move...if oil went down to $1...but then next day up to $2...Analysts would scream wow! Oil up 100% and the stock would explode accordingly. Exxon is more expensive today with oil in the $41 range then it was when Oil was in the 50's...totally stupid but can't fight the market. The P/e is exploding as well...give it time...it will be in the 60's.
ah...ok gambler...good luck.
sure but it it was Amzn...it would be up 1000%
give it time...the players are trying to prop this up with the HOPE that oil will rebound...the simply foolish don't know any better....
Why is it still high...same reason this went up to $87 just a few days ago...stupid people not understanding how to invest...it's that simple. Why would XOM go up in this environment? Ah yes, the dividends...this certainly helps...but how much sense does it make to earn 4% a year in divs while your investment goes down 15-20%? Don't buy just for divs. As well, are you seeing how they are paying for the current div? By slashing expenditures...which is going to hurt FUTURE earnings. Now of course they do this with HOPE that oil does eventually go up but nothing indicates that this will happen anytime soon (years).
3 years of stock buy backs, etc....wow.