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HSBC Holdings plc Message Board

keineahnungbaby 1 post  |  Last Activity: Aug 4, 2014 12:00 AM Member since: Aug 18, 2008
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  • Reply to

    Educate Me

    by jswiss007 May 15, 2014 11:08 AM
    keineahnungbaby keineahnungbaby Aug 4, 2014 12:00 AM Flag

    Does it matter? GTE's stock has been quite volatile at times, although the overall movement has been upwards (draw a linear regression line through it if you need a visual). I think it's just the vicissitudes of being a small stock where a big buyer or seller can really move the needle. It ought to be (dangerous words in the stock market) as steady as, say, Chubb or Exxon, given its fortress balance sheet and growth, but the fact is, it's not. But one can live with it.

    I've been a long term investor in GTE and I find that it pays to buy when it gets knocked down hard (I am a buyer now based on certain technicals). It also pays to write calls against it, at or in the money if it feels high, out of the money if it's on its way up. I've been wrongway a couple of times, but have always been rescued by the company itself. I loathe most Canadian oil stocks, especially the big dividend payers (don't get me started on the subject of borrowing to fund the dividend, the #$%$ correlation to oil prices, etc.) but GTE is exemplary. Self-funding growth, no debt -- doesn't get much better than this. And this makes the kind of fluctuation you noted of little concern in the long run.

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