It is high and I sold 94. But it could go higher. But usually the market test the lows it made Monday. But there no logic in market. So who knows. Its all a guessing game. The stock market overvalued. Accept energy a lot cheaper. I rather right now not have as much exposure to stock market. But have a little bit. In this crazy market. Yeah if u were on right side of trade 75 percent of the time. U might have a shot making money. if u don't have a big loss and little gains.
They put there negative comments. Because there disabled mentally and cant work in the work force. So they got a lot of time on there hand. So this is what they do all day. Is make negative comments. When they don't know what there talking about.
I knew there would be a lawsuit on the stock split. It because the doing it as a dividend. To split off to c shares. And even tho the shares are doing well. I don't want to pay taxes on a so called dividend. So the ceo and excecutives can make more money. It should be a regular two for one split. U have 100 shares. U get 200. Not a spin off on c shares. And pay divident taxes. That like taking a loss in my view. Not a class action law suit going to do anything. But get lawyers rich. And ua knew that in first place. All these things are designed for ceo and attorney and lawyers to get rich and excutives.
wall steet likes companies grow 20 to 50 percent for 5 years and than when it grows 10 percent. It tanks. Look at nflx cmg many of the
that the way wallstreet works. Is 300 pe 1000 pe with 20 to 50 percent growth for 4 or 5 years and than it tanks when they raise interest rates to high. Or a good republican which we not had since regan. Takes over. To blame it on him. If a republican gets in. Year and half from now. Than they will blame him. Before he started office. For the trouble Obama caused. For now I think ua good.
Yes it is like taking a loss. And all it does is benefit the CEO and executives of the company. And than they would get a class action law suit. And all that benefits is the justice system. Share holders always get screwed. Only lawyers make money on class action law suits. And shareholders get screwed. So there was a article on seeking alpha about this. Unless u got a tax deffered account. It might be better to sell before they do this.
I read a article that it suppose to be like a april 2014 googl split. I guess they split ua in half. And u have same amount of shares of ua. And get 25 shares of c class. Than u got to pay taxes on it. And two trades to sell it. How that benefit shareholders.
the whole stock market a scam. Currency markets a scam. Commodities. They manipulated the way they want. So big boys win. And so only way to win is figure out how they manipulate it. Which is hard. At least consitently
I thought there doing a 2 for 1 split in the way of. As a divident. So if u have 100 shares of ua for example. U get 100 shares of ua c shares. At what ever price they trade at. And if it starts at 100 a share. U have to pay divident taxes on 10,000 dollars being 100 a share.