kevinb, I guess it just depends on what we consider a "miss" is. I think most investors would define it as when earnings are reported less than what the analysts' consensus is. In this instance, you may prove to be correct. The stock pps is holding up fine-so far
It happened to me last month with both CLMT and HK. They both released earnings before the bell. They both missed. That day, both stocks held up fine. A couple days later, however, TIMBER!!! I'm not necessarily saying that will happen here. So far, COST is doing fine.
Frequently, and unfortunately, I've been seeing delayed reactions to earnings misses. The next few days will be more indicative of where we're headed.
Fred, if you take a look back at the past few years, you will see that the insiders have a strong history of buying. More important, there has been no selling, which is why I continue to hold. I share your hopes for some more insider buying, so we'll see what happens.
Hang in there! I know the seas are pretty rough, but the company's long term plan is great. I'm thinking we might see the 23s before the year is over, but we should start a slow climb early next year.
That may be why the pps is tanking again. We're all in the dark regarding how much we're paying for the acquisition and where the money will come from. I trust mgmt., and this might be a great deal. Still, considering we lost money the last two quarters, the timing is sure curious.
Hi Caltrials! The calls just looked cheap. I gotta believe the stock will be over $4.25 by the middle of next year. If it doesn't, it probably never will.
Pardon my ignorance, but I'm not even sure how to buy warrants through TD Ameritrade. What is the practical difference in this case?
I'm thinking that if PSTI is ever going to amount to anything, we'll see some big news in the next 6 months. So, I bought the June calls with a strike price of $4 for $.25 per contract.
Looked like we were on the verge of a breakout when we swiftly jumped up to 34.92. But, just as quickly, we gave up more than half our gains. Oh well, let's try again.
Since June 1, the insiders have purchased more than $160M worth of stock.
I was happy to read that China's factory production reached an 18 month high. This was pleasant news amid expectations that China's economy was going to slow down.
Unfortunately, the sad news of a dead worker at the Grasberg mine chilled all good vibes.
Not sure what line you're talking about, but copper rose .5% today amid growing demand in Copper. Unless something changes over the weekend, we should open 35+ on Monday.
Hey, that's cool! This morning, when the stock dropped to about 34.80, I bought the Nov 35s. Then, when the stock dipped to about 34.45, I bought the 34.5s. We bounced back a little bit this afternoon. Obviously, you know I'm hoping/expecting a strong open on Friday.
Have a nice Thanksgiving!
He is saying that you can buy an option that contemplates that FCX will close above 36 on Friday. Given that the market is closed tomorrow and that Friday will obviously be a light trading day, it's extremely unlikely we'll see 36 on Friday. So, the cost of buying such an option is about a penny. Seriously.