Think of the glut of NG Chk has??? Oil low where they can't make money, and a mountain of debt bigger than the surplus of oil and gas. Not a good place to be. I am staying away. PS...also US bank officers aren't buying shares of their own companies. That has me puzzled. Maybe the Great Deflation is upon us.........
It's interesting that an insider exercised at $30 only to sell at $38. That's either a very bad sign, the guy needs the money, or he's stupid. I hope it's the later. However, the thing is in this oil bubble is to experience max pain. Bubble corrections usually go way lower than they should which creates an incredible buying opportunity. The problem is getting it right, or catching a falling knife. There are CRAZY dividend opportunities out there. Also, NOV mentioned strategic purchases. I'd like to see that soon, or insider buying for confidence. Remember this Boone Pickens predicted till the end of the year, that by the end of 2015 oil would go back to $100 a barrel. If these "experts" don't know, then who knows?
Glad I sold early on before this onslaught taking a minor loss. I'd love for it to get under $70 and I'll jump back in. We'll see what tomorrow brings. I expect a good jobs #, but good news might not matter in this market.
I'm so #$%$ down here. Didn't think it could go below 33. It's probably too late to sell. If it hits $20's I may be forced to buy more. This is painful. The OIL bubble has popped. No end in site yet.
No, I'm not Kored. This looks like it was just a short term pull back and I got stopped out. He still could be right, but I'm not one to bash people unless i know for sure they are always wrong and deceitful in their intentions. I'm knew to this board, so the jury is still out. Maybe I should stick to index funds. LOL
Not sure why you guys bash the person. Good call, saved me $. Just because you like a stock, don't discount the contrarian opinion. I hope to buy this at $73 or lower based on that one article. Something is rotten in this market. It can't be just Oil and interest rate taking it down.
I sold at a very small loss. When the market starts high and sells off, it's not a good sign. Coupled with the other negative things. Better waiting for a better price, or add more BRK-B if it drops to 1.2 Book Value.
This will not be good for the market in general, but high PE's will be hit hard. Some indications of a possible recession. I will see how the market starts tomorrow and pull out with a small loss. Could find better deals soon enough. Alibaba with their Alipay could also be a threat later on. Better off adding more to Baba possibly.
Both smell the same though.
Time will tell if he is trustworthy, or a deceptive short. I will guess the later. Just a hunch.
Costco cards take affect 4/2016 and Christmas and Valentines day will carry lots of transactions until Costco switches to Visa in April. Hopefully this is a good investment. 0 debt.