I feel the same way about my toilet paper. Can't live without it. Best friend when you gotta go.
The drawing hasn't been held yet and you want me to throw away my lotto ticket.
I feel just the opposite.
Kitty is my trading edge in bio.
I only wish she would be a bit more forceful in her best picks, with highest degree of success.
Any bio can blow up and cost us all money, but Kitty loses to when that happens.
I would be no where as successful picking winners as I have been without her.
Appreciate your knowledgeable input, and for sharing your homework with less astute investors.
Your post sounds like wishful thinking.
Are you sure your just not calling for what it takes to make yourself whole again.
You lost 10$ a share and would like this to fall 10$ from your sell point, which would put this at 27-28 for you to break even.
And you think we should accept your advice about where the stock price is going, when you went all in at 47$ and waited for it to drop 10$ before you decided to sell.
At least you are honest and forthcoming about your mistake, and for that alone I give you great credit.
Thanks for sharing your personal financial mistakes.
Very few on message boards do that.
The only thing you can count on with SDRL is going to be the dividends.
Everything else is speculation despite what you may hear on this board.
Besides the dividend the questions you will have to answer for yourself are.
How long will the sectors weakness last.
Will there be a short term bounce in pps.
Will there be a dividend run up.
Will there be a sell off, when and if the weakness in the sector manifests itself during the next several quarters of earnings .
Will there be a pickup next year.
Will the pps be hammered all year to lower levels if earnings continue to deteriorate.
My advice is to be patient and spread your buys several dollars apart starting now.
I'm in now and would love to get some at 30.
If you and all your buddies put in 100k each to buy a business, who are you going to reward, the lowly day labour you hire or your cronies.
That's the capitalist system, like it or not.
It would be more interesting if you losers would just post your losses riding this from 48 to 33.
Here's Where Things Get Really Ugly for Caterpillar
The pillars of support continue to crumble underneath the heavy-equipment maker.
After reporting some horrible numbers over the past year, heavy-equipment manufacturer Caterpillar (NYSE: CAT) looked like it finally bulldozed its way out the deep hole it dug. Shares have climbed nearly 25% above their 52-week low, helped along by higher sales of power systems even while dealer retail sales of heavy equipment continue their global decline. But now comes the part where the other shoe falls.
Actually, shoes have been falling all over the place, but now is when they will leave the deepest scar on Caterpillar. With the U.S. coal industry under assault, China's economic "miracle" is coming unglued, sending prices for both copper and iron ore tumbling and imperiling the entire mining sector.
Trade data released this past weekend showed Chinese exports collapsed more than 18% in February from the year-ago period; this is compared to analyst expectations of a 7.5% increase and down from the double-digit growth export achieved in January. The world's second-largest economy is entering a much worse tailspin than many previously believed possible.
In response, copper prices plunged to a seven-month low yesterday as inventories surged higher, raising concerns that not only is copper mining in trouble, but that China's financial markets are about to unravel -- the red metal is used as collateral to make loans to companies and investors. The falling price could create a domino effect that causes a call for covering the debt to be issued, leading to dumping copper stocks and further pressuring the price.
Similarly, iron-ore pricing recently dropped to its lowest level since last June leading to a similar ripple effect throughout the mining industry. Shares of BHP Billiton (NYSE: BHP) fell 2.7% yesterday and are down almost 9% from the recent high hit just weeks ago, while Rio Tinto (NYSE: RIO) declined 2% on Monday and is down more than 12% since hitting a 52-week high in late February. Sure, there was some exaggeration in the trade data due to Chinese New Year holidays, but the numbers still suggest a substantial weakening of the world's second-biggest economy that carries global ramifications.
And nothing good for Caterpillar, either. BHP and Vale (NYSE: VALE) have both been reining in their capital expenditures. BHP recently sold its position in its Australian Jimblebar iron-ore mine and Vale, the world's biggest iron-ore miner, has cut its capital expenditure program for the third year in a row. Rio Tinto has also slashed its budget by $3 billion to $11 billion for 2014.
With miners sharply pulling back, a move that may not be enough in light of current events, we could see further cuts imposed. Joy Global, which is more exposed to coal's curtailment than Caterpillar (two-thirds of its sales coming from coal miners), reported last week that first-quarter revenue plunged another 27%, with original equipment sales cut in half. Bookings, which were down 19% in the fourth quarter, dropped another 16% in the first.
China accounts for about 28% of Caterpillar's Asia-Pacific region sales, or 6% of total revenue, about double what it did the year before. The heavy-equipment maker placed more emphasis on the country to bolster sagging sales elsewhere; now that the underpinnings of the Chinese economy are buckling the risk to Caterpillar grows exponentially, especially because so much of the rest of the global economy relies upon China.
Caterpillar's stock may have bounced higher because it was so undervalued, but I think the cycle has run its course and a potential collapse in China may cause the next falling shoe to squash its shares once more.
Just like I said, it was in the CC from the company.
Do your homework before calling people liars, dummy.
Chris Lau , Contributor
It's during the earnings call:
"In this regard, 2014 and 2015 show slower growth in activity levels than earlier anticipated. As oil companies budgets are re-allocated, the entire spending complex tends to slow down. In turn, demand for offshore drilling assets is being pushed into 2015-2016. For importantly this down turn is not driven by the claiming oil price, prior cycles for long down turn have impost by the [indiscernible] and supply and demand fundamentals."
With this company you never know if it's hedge funds or JF himself through Heman Holdings that's working against you.
Definitely remain cautious !
If I could not produce anything to back up my comment, then I could accept you calling me a liar.
You can always comment back to the SA article writer and call him a liar.
Bet you ain't got the balls to do that.
O you wanted the entire SA article. I see. I can give it to you.
Are you saying my post was not copied from a SA article?
Audio never asked for the complete article so I think you are also mistaken.