You are correct. There is no comparison with Amzn or Goog. Bidu has a lot more potential and 3 times the growth. Also it has 85 percent market share. Which id.i.o.t thinks there is any comparison?
So AMZN, NFLX and FB are all spending huge amounts of their revenue to grow and position better for future growth. Isn't that good? Of course it is - hence the lofty valuation of their stocks. Shouldn't the same standard be applied to BIDU? They also are spending part of their revenues to grow, especially in Mobile. If these numbers were put out by NFLX or AMZN, their stock would shoot up 30% after-hours. Why the double standard???
Wow! I don't know what to say. Imagine if FCX Indonesia mine news was actually bad instead of great! FCX has been "flushing" on extremely high volume for 3 days now. Who's left to sell here? Or is it now the shorts just being greedy?
Something tells me that BIDU's earnings forecast has never been more crucial to the Chinese govt. With 8%+ selloff today, BIDU blasting it out of the park would do wonders to instill some confidence in the Chinese economy. I wouldn't be shocked if the Chinese Ministry of Stock Manipulation hasn't had a stern talk with the CFO. This one is REALLY important to Chinese govt. I bet it will be up huge tomorrow.
Rob, take another look at your PC. PAA up 3% in a horrible market! Perhaps you should cover and not face $5 additional run this week.
Looking at history, every time in the past 5 years there's been a major selloff in this stock, it has come back equally as quickly. So we could see $42 by year-end.
Where have you been in the past few weeks? "will take a major hit soon?"
This thing always goes up or down at the mercy of hedgies and algo traders. Usually this is tied to the spot price of copper. Now, we have a perfect storm of lowered copper prices, earnings report in which management stepped back from lowering of debt strategy, China negativity, commodities selling off across the board (most likely due to strong dollar) and oil in particular selling hard. This is an opportunity as FCX is not in dire financial trouble. Just the perfect storm of all bad news hitting at once. Buying here may not feel good -ala catching the falling knife, etc. - but this is where real wealth can be made. Just have to wait a few months and when FCX snaps back to $20 and would still look extremely cheap, we all would think of the opportunity that presented itself.
Because of WS pump and dump manipulations. Don't you think the trading desks at GS, JPM, MS and other big boys were busy pouring it on AH last night? This stock is way overvalued now but you could have said the same thing at $500 and probably can say it if it reaches $900. Bottom line is the exuberance has taken over in any large growth stock like NFLX, CMG and AMZN. But, the other side of the coin is that any hiccup and the stock would be cut down 30% in ONE DAY! The real victims here will be the retail bagholders who will wake up one morning with their 401k accounts down 20%.
You only missed on $1 dude. You sound like this thing popped $30 and lost all of it. If you have conviction as a short, you can short this now and make $52.50 per share, right? Or you should wait for a few weeks and then short it at $80? What say you?
Apparently FCX is in dire trouble as all commodities, especially, copper and oil, will continue to sell off as they will no longer be used by world economies to energize their continuous growth or their technological and infra-structure build outs. Going forward, NFLX, CMG and GOOG will provide all products needed towards that growing demand.
What was the other part of your dream? That you were driving a Ferrari at 150 mph in Monte Carlo with Katy Perry as your passenger?
Shorts will cover creating a massive squeeze on Friday. Back over $12.
They have $120M in the bank with no debt. They will survive this, or get bought out.