It's called free market capitalism - something the progressives just can't wrap their minds around because they're clouded with thoughts of "fairness" and helping the downtrodden. Supply and demand will ultimately decide what price it ends up at. All the rest of the conversation is just noise.
The funny thing about this stock is that it moves up and down based on geopolitical concerns when in actuality has shown to be very little effected by them. Their earnings last quarter showed that they continue to grow even though they're a Russian company with a small exposure to the Ukraine area. Why everybody continues to run away from the stock puzzles me. My Russian wife thinks that with the advent of winter around the corner there will be a resolution in the near future. Part of the discussion is a huge backlog of payments for natural gas unpaid by Ukraine. She says Ukraine has a lot of corn and they're planning on burning a lot of it to heat bldgs. and homes. Seems goofy but that's their desperate plan if gas is shut off by Russia.
When the Ukrainian situation finally dissipates (and it will eventually), look for a substantial pop in this one. Holding and waiting is the toughest thing. This company has done everything right so far and should eventually be rewarded for it.
Oh yeah! I'm going to sell all my shares in WYNN (the best of breed in gaming/resorts) and buy a #$%$ little company that currently goes for 20 cents (too funny).
You need not fret about it. If that figure was a true measure of each share's worth, would it be selling for over 200 bucks a share?
If what I said is not accurate, what is the answer? Checked all insider transactions and only found Elaine selling. Checked the insider roster and couldn't find Steve's name. What other source is there and if you are privy to what he's got, would you care to share it? All the transactions you mentioned are listed and known. The selling of shares by directors, etc. is quite common even in the strongest companies and inferring that something is amiss when they do it doesn't hold water. These folks live lavious lifestyles and cashing in is quite common. They usually have a lot of shares in reserve and don't miss the ones sold off not to mention that they continue to acquire additional shares periodically to replenish those held. Some companies give extremely large amounts of shares to their Board every few months.
all of his shares as a result of their divorce? If so, what a windfall (and ripoff) for her.
What adds to the confusion is that 1128.HK (the Chinese WYNN) has been up about 6% for the last two days while it's American counterpart struggles with small gains. Do they see something over there we can't see here?
What's the true story on this if anybody knows? thanks.
Yeah it's up 23% YTD but what has it done since the recent ER? Not everyone bought GILD 23% earlier. Hold tight and you just might make some money but I would rather try something else. There are thousands of stocks out there and getting married to one isn't in my game plan.
I finally threw in the towel on this one - way too much resistance, shorting/puts, etc. Controversy over their pricing is a bit much and probably the main reason why it can't go up significantly. May return to it in the future if the right moment arises but for now I'll take my measly 600 bucks profit and move on. Good luck to all longs who decide to stick with it.
As a counterpoint, the Obama Administration seems to think that we should spend huge amounts of money on illegals crossing our border yet find the pricing of GILD drug cures outrageous. Where is the rationality?
Great company that seems to be unaffected by this Ukrainian mess yet the market is not treating it kindly. I was very close to jumping back into it yesterday prior to the ER but didn't and I'm so glad because I would have ended up cursing and whining. At some point, this will be righteously priced. Sitting on it and waiting is the tough part. Good luck to all longs.
Goes up about 30 cents early then down below the previous day's close then struggles just to get back to that point. If it was once or maybe even twice, it could be called coincidental but this has been repeatedly happening. Seems like it's being orchestrated or manipulated so it can't go up and stay up. I still think some (or several) institutions are dumping large amounts of shares periodically and it's stagnating any movement forward. All these "technical" explanations haven't played out. It'll break out when THEY decide it's time to break out.
dumping shares on the market continuously and until it ends any move up will be met with resistance. Any thoughts?
The way this thing has been acting, there's probably a bazillion sell stops in at 20. Hard to believe that it hasn't been able to go over 20 since the last ER.