Can you find another place that give you a better deal on selling? Just a question, not a statement.
My investment strategy is based on my research. KGC has Price to Book ratio of 0.79. It is undervalued. Its stock price has been consolidated since end of June this year. There is more up trend than down trend. By the way, if you would like people pay attention to your posts, you need to treat people the way you want to be treated.
Although KGC hit 52-week low today, the price dropped only 1 cent (-0.22%) from yesterday's close price with around average volume. It seems it is just the final dip at the end of the consolidation. When everyone feels hopeless about gold/gold miner stocks, I feel it is time to buy.
That will happen when options are all killed. Maybe people should stop buying options and let the stock moves in its own pace.
Stocks are sold in lots and also in shares. You may own small shares if you really like the company. Option is just for speculation only to me.
My call options @ 530 are also down too and will expire tomorrow. Since options lose value quickly and their price movements are unpredictable, now I only buy the options with a small amount of money, anticipating it would not be a big deal if I lose all (I learn it in a hard way). I feel your pain. Yet, I don't think there is anything we can do about it, unless there is a huge price increase tomorrow, which will not happen if there is no fundamental good news. Most of the time, financial institutions would try to kill options before they move the price.
It seems Icahn's comments yesterday is a share-stealing game while he can also make some profit on his hedging. Otherwise it is hard to believe someone with such big position would like to say something in public to hurt his own positions.
When everyone is cheerful about the market rise to another record high after it has been continuously up for such a long time with moderate pullbacks, I would rather stay away from the market. If it drops, it could be huge.
If you are still holding your puts, may be it is time to sell 2/3 of the puts and keep 1/3 for speculation.
The market could be quite volatile, especially on the option expiration date. If I were you, I would sell 2/3 of the put options and keep 1/3 in case the market drops.
If buying back shares without borrowing money, stock buying back would not hurt. But it is not the case since AAPL's large pile of cash are parked oversea and would trigger tax if the cash is brought back from overseas.
Buying back shares is just a way to make the stock's EPS look better. I would look at absolute numbers - the net income, as well as operating income in dollar amounts as opposed to EPS. I would rather the company spends time and money on innovation as opposed to buying back shares to make the stock look good in the short run to satisfy short-term investors’ appetite. Once the stock price is up as a result of buying back only without solid financial performance support, the short-term investors will take the cash and leave. AAPL will suffer cash evaporation if it borrows money to buy back shares.
AAPL - It is not wise to borrow money to buy back shares. Dividend payment can be adjusted from time to time based on the company's performance. Yet, interest payment will be a big obligation once it incurs.
Accelerated buying back involves large capital that would impact R&D projects. For long-term investors, let AAPL do its own operation will be the best choice to grow Apple and harvest in a healthy way.
See link: http://it.sohu.com/20130920/n386909602.shtml