New name today .... is there any truth to your posts you historical record is a whopping 12 hours. If you want credibility use a single ID and stand by your record.
Your thinking is correct as you now have passed the 30 day rule for a "wash sale" so you can buy at this reduced cost and set up a new cost basis. There has been enough drop in price this year to claim a significant loss and the fundamental value of the company has not really changed that much though the pay off horizon has been moved back.
People know the half-life for a Cramer position is about 24 hours so put the movement of XOM on the MM. XOM is fine investment and smart people are building a base but buying excess shares on the drops and subsequently unloading the excess on the bounce. At some junction the bottom will be secured and then the game becomes selling covered calls on emotional bounces that will later subside. Cover the calls on the reflexive drop. This will not make you rich but it will help to reduce your true cost basis.
All the majors will cut drilling cost but that does not mean they will stop drilling. They will simply support the project that will yield the most with the least expense. The cash saved will be used to buy up the good properties that were over leveraged on expectations of $120 oil. In the final analysis this technique will significantly cut the cost of "finding" new oil as it has already been found. Look for us and XOM, OXY BP etc. to start buying up the marginal operations at deep discounts by Spring. As long as you are not on margin you can wait this out, collect a good dividend and log on the time necessary to qualify for a long term gain a year to 18 months from now.
Are we still dumping money into that hole? The entire LNG thesis seems really flawed in the current environment. Metals will not be enough to pay for the gas blunder. It may be time to sell but now it is a long term loss and they require time to purge.
Good points. The government should do everything possible to protect the national wealth in oil. This might be a good time to add supply to the strategic reserve if for no other reason than to burn the speculators who drive the price. Sooner or later government officials will understand that this manipulation of oil price and the subsequent adverse impact on the market is not in our national interest nor those of the rest of the world.
Basically the doctor is building the DNA profile for various cancer activity. The best drugs to fight cancer are generated by our own bodies. He is trying to profile current cancer as well as cancer from patients who lived or died over the last 30 years. He believes there will be a DNA Achilles Heel that will ultimately help us to develop designer drugs. The work at Hopkins als bears study as they are addressing the fact that all studies of cancer done in petri dish environment is flawed simply because the cancer behaves differently in the 3D world. Clearly major paradigm shifts are in the works. For now, both of these research efforts are targeting metathesis. I believe the day will come when we will be able to filter our blood of traveling free range cancer cells much like we do exchange chromatography. We just need to teach our young students to" dream things that never were and ask, why not?" You should be able to get the show on demand if you have a decent cable system.
Thank you all for your time and effort. We do appreciate your informative posts. It reminds me of what this Board once provided for all to absorb and embrace. Please continue sharing as these are difficult times so informed discussion acts as a tonic to ease the frustration and yes anxiety.
In China 315 million new drivers in a one year period. Anyone who extrapolates data over three years back does so at their own peril. The majors will continue to pay their dividends and the political pressure to keep Russia solvent will eventually return the price of oil to a point where political stability returns.
Cramer's commitment to a position on oil has a half-life of about 24 hours. Since everyone is saying oil is going lower it is a very good bet that the price may well stabilize ( sounds a lot like Cramer .... sorry). If you are in for the quick trade go at it, short them and take the risk. If you are more disposed to preserving your capital and you are in a reasonably high bracket of say 28% or higher, buy Friday and hold the great COP or BP dividend.
Wash Sale Rule will come into play if you fail to sell before close of business Friday. You have 31 days to wait before you can buy the shares back and the last trading day for the year is probably Dec.29th. You are taking a big risk here as there is the expectation of news and if the news is good you will be screwed. If you by buy back early you don't get the tax loss this year. If you wait until after Friday to sell the wash sale rule will run into a different tax year and that is another problem for you. Be smart and hold the course. The safer move is to buy shares now and wait the 31 days to sell for the loss (presumably you want to avoid a long term loss). At least that gives you a new start date for building a future long term gain. You probably have earlier shares as long term and and at low cost so you are probably just trying to be smart wanting to preserve the very long term profit and not squandering it on a more recent long term loss.
Very distressing to see our stock price controlled so easily and deliberately.
Yes, Merrrill does pass on the charge leveraged by the French government on foreign stock purchase. It is ugly, isn't it?
Not really, our company does not tend to inform the public on such matters on a timely schedule. We will probably have to wait until the patient is dancing in the streets. On the positive side, I think our patients will dance some day and that end point is worth the years we have waited. I do look for some encouragement soon ..... just venting a little.