I for one don't believe oil stocks will suffer much longer. Many companies are near a make or break area. Oil per barrel below 54 seems unreasonable. At least to me. And about the only thing that would signal to me that its going much lower would be the demise of OPEC. Or stories popping up of OPEC countries violating the pact. I think we all could agree that with 15 dollar an hour wages looming on the horizon that there is no way gas stays at 2 bucks a gallon.
Well, they had some law suits pending. Not sure myself if those are cleared up. With any light at the end of the tunnel this could easily double from 3.70 in a few months.
Oh, and I left out RAX which I rec'd just the other day as being a good buy in the 25's and a sell in the 27 to 29Range. Up today close to 8%.
I've been putting out some good picks here the last few weeks and no one seems to notice. I get the whole 'We're into high div. payers ' thing, but since Nov. 9th if you'd taken my rec's you'd be up 5% on MANH, minus 2% on OZM, 8% on CPLP (if you'd sold at 6.75 last time), 10% on NKE to date, up20% on GLOP, flat on NRZ, 20% on DLTR, +10% on BKE, flat on CPLP since the 24th, +12% on SSI and +3% over the last two days on CVS. I'd say that's pretty good. That's just shy of 9% return in 13 trading days. Now, are you guys making more than that on your money? If so, from now on I'll just trade with you guys and what you're recommending from now on.
mud, can't quite understand why you like those two so much. Some of the retail stocks like DLTR took quite a hit here lately and most should see a bounce up with X-mas coming. SSI is still sitting too low imo and should see low 8's within a week or so.
The 6.16 price today looks pretty good. But I'm holding off till tomorrow. Should see a better price then. Also, the oil sector is so ready to 'pop' on any news these days. Kinda makes it a good buy when you get something on a down day. You just have to wait for a news story about almost anything to catch a pop up and then cash out on the short term. SFL holding up nicely with what's going on. But ya gotta believe it's going to get 'hammered' one of these days. Like a buck . Overdue imo.
The postings here are starting to look like people are searching for money makers. For whatever reasons I have I like RAX in the 25's and selling it at 27-29. PZZA is making a turn now and could easily rise 20% in the next couple months. NS while being in the oil sector has been a quality stock and below 40 is a buy for me. SSI is poised now to rise more and a dollar move up from todays price would be huge. AHGP I mention because so many here like div payers. It has really been beaten up and right now is either resting before falling more or hitting a bottom. These four are just suggestions for someone looking to capture a 10% return on the investment in a short period of time. Jim
Sitting at 74 today. 80 by X-mas looks to be in the bag. Keep in mind this stock does very well in Dec.-Jan.- Feb. Using today's price of 74 that means the chance of hitting 94 by end of Feb. is a real possibility.
JOY? I gotta wonder on that. As far as 20 to 40% on SSI...............the stock price was 15 before all the shale oil money showed up. Aside from any institutional selling at year end I'm thinking this is over 10 by end of March.
Been watching this lately. On Friday it was mentioned on the tv show Nightly Business Report. Sitting at a nice low and has a special div coming. Think it's worth a try. My guess is 30% over the next 3 months.
Looking at the retail sector as a bit of a whole, it has taken about 10 days for a retail stock to really start seeing some recovery. Not saying we even see 8 by X-mas. Just that by next quarter report once the news hits that during the quarter a few million shares were taken back in by the company, we could see a price jump to 12 very fast.
What people are overlooking today is the company has a bunch of cash on hand to buy back shares. And they have in place a large buy back program ready to execute. I wouldn't be surprised if they didn't pick up a million shares today out of the buy back money. Next quarter report will probably show them picking up anywhere from 2 to 5 million shares. Maybe more.
Looks ripe for a bounce up. Agree with others here. The stock is still out of favor and I'd expect some further price reduction. Say a 1.50 to as much as 3. I personally am looking for some price firming before buying. GLTA