You make a good point but, I have seen profits disappear and I have seen real pump and dump scenarios and stock drops on good earnings reports. I, for one, like to believe "bears win, bulls win, pigs get slaughered". Another analagy, the gambler who sits at the black jack table too long always loses.
I'm not sure how the options trade but, I would have received about $500 cash net. Instead, I took 65 shares which at current price is worth $632 less a $7 sales cmomission if I were to sell.
Have you ever heard the term "analysis to paralysis" Action, i.e. buy, sell or hold depends on one's personal cash position, what alternatives do you have for the money, and what is your risk tolerance. My father, who at the age of 15 taught me his views of the market, was very much in favor of deciding ahead what profits he would be happy with, and upon achieving this, selling and not looking back. I personally bought this to double my investment which would mean hoping (and I mean hoping) for 60.
I am amazed at the irrelevance of the posts on this board. DG is going crazy in pre-market as it has entered a bidding war for FDO Usually the bidding stock goes down as bidding price is subsantially above market. What is happening? As for me, I paln on a nice profit at 0930 but I don't have a good feeling as to where to place my sell bid.
I own this stock and am happy with its performance particularly since I am a seller of 40's covered calls. There is much negativity regarding retail sales. Look at Macy's, TJX, Penny's, Dollar General to name a few. I think until retail sale in general pick up, we will see a trading range of between 34 and 40. By the way, it takes a P/E of below 25 in a good consumer environment to excite me.
Are you really short or are you trying to justify your sell? If you are really short, I doubt your good business sense. At most you could make 10 points. At worst, tour loss could be limitless.
Is anybody interested in Hedgeye's analysts opinion of KMI? Frankly, if I where ninterested in hedge funds, I wouldn't be interested in Hedgeye. Their great call on KMI had many sell about a month ago.
I sarted a position today just to get my feet wet (25 shares) based on a Motley Fool recommendation. Looking at B-bands and other tech. ndicators, and looking at P/E I think below 140 should work. I will add below 140 and hope to complete my position with an average pps of around 139. Another 6% drop does not seem unreasonable.
I still think I may be missing something. Using the same approach, I value KMP at 87.47. Based on KMI pps this makes KMP overvalued and EPB under valued. Looks like there could be money to be made here.
Congratulations. Dumb me who sold 300 shares 5 days ago. I figure EPB value (of course a moving target) based on 0.9451 shares of KMI plus $4.65 or about 41.73. I hope you got at least that.
If I understand the "deal" KMP shareholders will receive 2 shares of KMI and $10.77. EPB shareholders will receive 0.9451 KMI and $4.65. Valuing KMI at $40 per share, KMP would be worth $90.77 while EPB would be worth 42.454 per share. Please let me know where I may be wrong as this looks like a great arbitage play.
It looks really foolish to sell bio-techs like ACRX short. Upside is max 6.5 points. Downside is virtually unlimited. I get the feeling nay sayers are just trying to justify their sell decision rather than being true short sellers.
You may be right but you are truly annoying. I am sure that I and many others don't need your immature rantings on the PFE or any other financial board. You accomplish nothing but discredit those of us who have conservaitve political views.
I hope I am wrong but I feel we have an eloquent paid pumper on this board. Signs of such include, relatively recent posting history; lots of thumbs up and positive comments about a post, a review of posting history indicates only one company or relatively few companies posted about. I truly believe that companies and investment firms spread false information to influence retail traders in such a way that big money can buy or sell at better profitability levels.