This joke has been around a long time, and never gets old...... I guess idiots are scattered in yahoo message boards....
in 2000 and 2008 crisis, all ill performed companies and issued generous bonus to executives when companies were in difficult times, eventually they went belly up after a 6 months to a year.
Whenever top executives gave themselves huge bonus when the company is suffering, that means those top executives do not care about the company more. A strong sign that the ship will sink soon.
"Melbourne, Australia-based Genetic Technologies (GENE -20.8%) raises AUD$18.6M (US$14.3M) from U.S.-based investors via its offer of 3,333,333 American Depositary Shares (ADSs) representing 499,999,950 ordinary shares. Each ADS represents 150 ordinary shares."
I am having a lot trouble with TD ameritrade streaming. Anyone else?
Yes, everyone is willing to hold for few years if he can see 10 plus again, but the chance is more likely FXCM will become zero in few years.
Nothing is 100% in investment, but I am fairly certain SD is your best bet, the reward far far outweigh the risk.
This is from the CEO James Bennett today:” SandRidge is defensively positioned for 2015. We have an enviable hedge position on the vast majority of our liquids production, have no bond maturities until 2020 and at quarter end $1.4 billion of liquidity. Importantly, our Mid-Continent drilling program continues to generate commercial returns, even at current commodity prices.”
The news is huge:
1. 1.4B liquidity, for a medium company like SD, they will survive for few years with this much money even the oil price stays at $40/barrel for few more years
2. No bond matures until 2020.
3. Some wells still make profit
4. They have already cut CAPEX
Seriously, even before today’s news, SD’d balance sheet is not that bad. Yes, it does not look great, but far better than many other oil companies which are still trading over $3. With today’s news, I am positive SD will survive for few more years.
Another important thing is SD’s 2015 oil is hedged at $90. Some may think this is only one year, but I have to tell you one year’s time is huge. How long the low oil price will last? 12 to 18 months? SD will sell its oil at $90 for one more year, then oil price will come back in 2016, SD will still sell its oil at $90. This looks as if this oil crisis has no impact to SD.
If oil price stays this low for only few more months, some debt heavy small fracking companies will not make it. Once the industry output is cut, oil price has to go up. The excess of oil output is only 1 million barrels. Few companies shutting will bring the supply/demand to balance again. There is no world wide economic recession like 2008, the oil demand is not that low at all.
Good, bring it down, let's see who is hurt more. I don't use margin, I have some longs on oil stocks. I just do not believe oil will stay this low for too long.
still can't find 25:1 share conversion. All I saw was 32 million share at AU$0.125. Let's say it is true, that's AU$3.125 for NVGN, and that's US$2.53. Usually stock price will go 20% lower than the offering price, so maybe it will settle at US$2.00.
sorry to hear that. greatest traders all have some major set backs. Don't give up.
This does not make any sense.
That means GDX is overbought. GLD is down big, it does not make sense that GDX is holding up so well.
That's exactly right. Unfortunately fear is part of human's nature, this story repeats again and again, Only few brave ones can win in the market.