Where would GILD's pps be right now without the co. share buyback going on? You gotta think it would be a lot weaker than present, no? It's nice to have the support but a little unnerving when it goes down in spite of it. It makes me wonder if it isn't giving us a false sense of security. Or maybe I'm just being overly analytical.
Interesting comback and maybe you should tell that to all the folks who got caught up in the last great downturn - you know, the ones that did nothing and watched their money go down 50% to 60% and everyone was telling them don't worry, it'll come back. It took 5 or more years to "come back" strongly enough to where they were almost even at best. And that's only for those who did not change their investments. As for your 1/3 strategy. my account isn't that high and reducing it by 2/3 doesn't work for me and would be a waste of time.
Only ignorant libs refer to Fox News as "Faux News" so anything you've got to offer is immediately dismissed. And I don't watch Fox News. There are many other news sources that present the whole true story and are not carrying the water for the libs.
The questionable state of the economy, geopolitical concerns and an inept and misguided White House has got a lot of folks (including myself) so stressed out that staying the course has become more difficult day after day. People panic selling has now become acceptable. Waiting weeks or months for a catalyst to move the stock up isn't an easy thing to do anymore and only the fearless can handle the stress. I put in a 6% sell stop if things get completely out of whack for self preservation and advise all longs to consider a similar act. If things don't start improving in the near future and continue to deteriorate, we may be looking at another Dow 6K or 8K. I'm not a fearmonger, I'm a realist.
What the hell is it gonna take to move this stock up and away? Many longs keep projecting it for the day or next day or next week only to watch it tread water. Very frustrating to watch folks keep selling into every rally is like convincing them it's the real deal just isn't in the cards. At least not yet it isn't.
Went down into close 9-25-14. I'm beginning to believe that there is some fund with a lot of money shorting/selling while GILD is buying back because the trading action indicates a strange pattern of resistance every time the stock has a modest rise.
If your company gave you 140K shares at 8 bucks apiece and you had the ability to sell them for almost $100 a share profit, wouldn't you sell them? A really difficult decision, isn't it?
The stock market has evolved into sort of a #$%$ shoot where you can do so many things with your money it creates riptides, ebbs and flows, numerous pitfalls to be avoided. Options are but one of them. If you have enough money, you can control the end result as long as an opposing force doesn't raise its head.
Your spelling needs a lot of help. It's "shares" not "shears" and "hours" not "ours". This may be indicative of a rather low intelligence level so I would question whether or not such an individual could amass enough money to do that kind of transaction, much less rather or not it was a good trade.
First trade was 42 million shares (buy) which sealed the deal for the "big boys". But still there are those who believe that's how all the IPOs work and you just have to accept it Anyone not accepting this is regarded as a fool.
In the last ten minutes of trading, it went from 106.90 to 106.00. I guess that answers the question and confirms that this stock remains under selling pressure.
If the IPO price was 68 and it opened at 92.70, who made that spectacular 24.70 profit? It sure as hell wasn't you, was it?
Sentiment: Strong Sell
Nothing wrong with taking a long series of small profits. I've done it many times in the past and have doubled or tripled my capital using this ploy. The trick is choose wisely and know when to pull the plug.
Fundamentally, it's all systems go but the selling continues at every level. I've noticed a few really big sells (@ 30K shares) along the way - not your usual run of the mill trader. Could be institutional.
People wanting their powder dry in anticipation of Alibaba. They're foaming at the mouth and just can't wait to buy it. I say wait till the smoke clears and don't forget you're buying a Chinese stock with all of the usual complications (sometimes questionable ERs, Communist govt. interference). They've already stated that although their sales volumes far surpass AMZN and EBAY, their profits are far less. Food for thought.
Sentiment: Strong Buy
Not currently in this one but follow it and have been in it several times. I think one of the main problems is a guy named Putin. After all his mischief in Ukraine and past transgressions against certain big business owners and oligarchs, he is now (apparently) playing that game once again with a big oil business owner who has refused to sell his company to one of Putin's buddies and is under house arrest for "money laundering". The charges are obviously trumped up to get him out of the way just like the Yukos fiasco years ago. But if he can do this kind of thing and get away with it, what happens if one of his buddies in finance/money decides to go after QIWI? Food for thought.
DB is the biggest institutional holder (15.2 million shares) and has numerous transactions with George overthe years. Is it any wonder why they are tooting the horn on this stock? Just sayin'.