Bernstein: While I agree I'd alter your "good investment" comment to "good speculation." It's a Lotto ticket with no guarantees of success. So only go using such monies as you'd ordinarily spend on such a ticket when considering this equity. At least...for the time being. Because....as I said...there is no guarantee....
Bid now $0.6272. Could be setting up for another sub $0.60 visit....
Don't know from easy double but you may get your chance? Not sure the reason but current PM bid...$0.6451. This after closing yesterday at $0.7158
Man was the market induced hysteria of the mid-$14's a gift or what? Longer term MU at this level seems a no-brainer on the buy side. Just...don't think too hard about it? ;-) Let's see what happens today..
Same here, A bit lower than $8 though.. My time horizon is (was?) +5 years recognizing that FCX is at the nadir of its current cycle. But with the bid at $12.04 I might have to reconsider via the usual bird-n-hand philosophy. In any case what I'm doing is drawing a mental line a percentage south of that bid, at where I'll bail with profits in hand. While the bid stays (and advances?) north of that line let the pony run ratcheting your "stop" along behind it as it runs....if it continues to run. Easy to set up.....relatively painless/brainless...
Just some thoughts,.
Basically PM action is hitting the $16.30 ask. The bid got back (yesterday) on top of an older downtrend line that I mentioned before. Here in PM it's testing that line as support. $16.50 looks to be resistance since that's about where the bid gap'ed down to back on Aug 21. Above that line it's basically "air" to ~$16.80/$17. These are my (long/short) set-up metrics. Let's see what 'ol Master actually does with da Pooch.
Some (of us) were having a discussion about this one at the sub $7.80 level just 2 sessions back. For some it was the usual squabble. For others it felt like on a +5 yr time horizon this one was dirt cheap. Me for one. During that period I started gathering cheapies with that time frame in mind. So color me pleasantly surprised by this validation of the thinking. With Icahn on board this one just got one hell of a lot more interesting. I can't say I like the guy. I can't even say I'm all that impressed with is style and demeanor. But there's no arguing he has that certain touch. So though past can never be considered prologue to the future where any one equity is concerned I will say this...."SIC 'EM CARL!" Errrrr....so to speak. As stated, the next few years should be very interesting....
Nest: No real surprise to me. I will continue to maintain that until the size of that float is in some significant fashion reduced it allows, affords, indeed seems to mandate the chug and churn HFT's feasting on the intraday action. Consequently the equity will always be somewhat disconnected from the usual logic associated with the sector and its specific merits.
Just my opinion of course. Bid $16.26.
There Poochie was less than an hour ago running and frolicking at ~$16.45. But you just knew the Master was setting it up....sure enough..,YANK! Bid now $16.16 yet again. Think I'll run down south of $16.10 and set a buy side traders trap. ;-) At least one thing remains true regardless; those teenies are a pain to get away from.....so where to into today's close? I suspect it's going to follow the market...and the Dow's been losing steam this PM....let's see how it all plays out...
It's the price you pay for a free posting services. That and the SPAM. As a consequence of free there's usually a veritable tsunami of OT chatter/SPAM. With SPAM.....well...free ain't free after all...Yahoo has to get paid for this somehow. I'll admit it oft-times reduces this free service to a wasteland of uselessness. And it also does leave me wondering, sometimes, what kind of lives some of the posters have....like maybe...none? ;-) I flash on someone in their underwear, in a basement somewhere, wearing a tin-foil hat, living on koolaide, kibble and the like. You know...yer average American crank....and usually male to boot - because my perception is women tend not to engage in quite the fashion seen here.
Anyway.... Free is fine...but useless is a whole 'nuther thing...a waste of time. I, for one, wouldn't even bother with these threads if it wasn't for one basic function. The ignore function. Use it liberally against every ID you deem superfluous or irrelevant and soon you'll find you've winnowed the threads you read down to those threadsters germane to the conversation. A side benefit is those ignored posters, who seem to reside within tribes that war against each other all across these threads, become invisible across the Yahoo Universe once you've flagged them to ignore. It certainly makes on-topic conversation a hell of a lot easier...
Just some OT thoughts of my own. ;-)
G/L. BAC bid now $16.40...
Now at $16.38....say good-bye to the $16.teens? Let's see....and for all those who bought in over the last couple of sessions you can be forgiven for squealing "Weeeeeeeee!??!" ;-)
The dreaded teenies....in this case the $16.teens....is again proving to be the swamp-land of intraday action.
Bid $16.15 and churning along....
The rebound continues. So far, though caused by possible exogenous factors, it looks like a double bottom test of the (original) 52 week low is successfully concluding? If it can get back on top a mid-March, 2014 downtrend line I've monitored, one that was started off the $17.75 line, I'll consider the current downtrend - the one that was signaled by the last few sessions - reversed....that line...right now...sits at ~$16.30 (on a 5 day chart). After that there are gaps to fill, swamps to clear (heh) and the rest....let's see if TA, plus overall analytical (talking) head positive chatter can pump up the volume on this chug and churn darling.
A parenthetical aside...an overall comment...it has been one HELLACIOUS of a set of sessions this week hasn't it?
I grabbed tranches south of that line on Tuesday's yank to ~$0.56. Can't claim any talent, more to the point just had a low-ball "for grins" bid waving down there that was open and got hit. So you could say with the bid right now at $0.71 in PM that my "sell it" trigger finger is getting twitchy. ;-) But let's see how the day goes...
Bid $15.37/8. So far Master is keeping Poochie under that mentioned downtrend line....and appears to be lining the set-up to be one of having Poochie end the day somewhat north of .40....more or less around the same area at which that line ends the day. That's if the buy side is lucky.....if not then the day ends with a rout like yesterday and the bid closes red...but it'll be interesting to see how this plays out...the session opening upside gap is once again closing...and volume on this walk-down is declining...so maybe some sort of equilibrium is being reached....though....being up 10pennies (right now) leaves more downside room....
"this company should be extremely well positioned to weather any downturn..."
Yes and no, though perfect 20/20 hindsight being expressed. ;-) In a world where (industrial) capacity vastly exceeds - or rather the perception is of vastly exceeds - demand....well...that perception is translating into what you're seeing; a commodities rout and "guilt by association" aspects for all the major players. This is in the nature of all cycles, especially those of commodities...ever since the first 3 chimps came down out of the trees and started trading unripe banana's for sweeter oranges (so to speak). And those cycles will never fundamentally change...though each will manifest differently...so for now the cyle is hitting its nadir....there is no accounting for the timing of the next one but down here I begin to play it accordingly....bid $7.88.
Liquidity is reduced because the market machinations are so large and chaotic that the institutions can't set bid/asks properly. It's too fluid and keeps running away from them. Which is why I say the machine micro-second Universe is, for now, macro. Somebody needs to throw oil on the waters and smooth things.....maybe pull the plug on some machines or sumthin'....it's like that Mickey Mouse scene in the Wizards Apprentice...where the automated brooms go out of control. I'll admit this is subjective (to me) but it has that feel to it....
You have to realize analytical targets are basically 52 week targets....meaning any time from the point of expressing (the opinion) you can "run a 52 week meter" in anticipation. Which means you might, might, see their targets by sometime late Aug, early Sept 2016. Might....
Amazing volatility. Bid got airlifted in a heart-beat from ~$15.57 to ~$15.72 and then slammed right back down to $15.58. It's moving more on a minute to minute basis than was the norm that would occur over an entire day......like I said earlier....there is zero rhyme or reason for this.....at least this is the opinion of an organic based life-form. In the realm of silicon and transistors there may rationales a'plenty.....Bid $15.55 and being smashed back down on (so far) ~2M shares...
Yah...it was clumsy....no surprise if he was talking his book. They all do in one fashion or another.
Meanwhile I've kind'a thrown my hands up regarding BAC. I've made some coin but am going semi-intolerant of the chaotic movement. In 5 minutes..from 10:15 to 10:20, ~5M shares hammered the bid from $15.66 to ~$15.47..and now the bid's back at $15.59. There's no rhyme or reason for any of this. For now I'm just watching to see if the bid can get, and stay, north of a downtrend line I've got from the ~$16.95 level it was at last Thursday. The bid is being danced around that line right now...and for a frame of reference it looks to end the day just south of $15.40. So let's see how the bid ends the day in relation to it......