Note the heavy volume on the puts. However, with the bounce back, some of the Jan calls are starting to trade as well. Even the Jan $9 call is showing some some activity. Perhaps it is shorts trying to protect their position.
Does this seem like a reasonable projection? I suppose that these analysts also projected a 40% drop in oil prices in 6 months. I doubt these analysts can project the value of their own portfolios in 2 years, much less the price of iron ore, oil, interest rates and global growth in 2 years.
Looks like CA has 6 coal fired power plants. Perhaps he should amend the bill to include closure of those power plants. But wait, all coal is not used to produce power. Some is used to make steel and if CALPERS can't invest in coal, perhaps the bill should also outlaw the production of steel and purchase of anything made of steel.
I wonder why any analyst would set a price target below the current price. Isn't a sell recommendation all you need to know? Does a $1 target mean that you should sell while a $5 target means you shouldn't sell now?
Analysts are a market all by themselves: if nearly all analysts have the same buy or sell recommendation, you know the price is either near a high or low respectively. When all analysts are of the same opinion, there are no catalysts to push the price higher, other than a higher or lower price target.
Price targets that are dramatically lower or higher are perceived as unrealistic and can actually have the opposite impact. Investors often see them as a signal of irrational exuberance or pessimism. The targets that are within 20% of the current price are perceived as realistic.
Analysts who raise or lower their targets long after the share price as long broken through their old target are perceived as late and don't add any new insight.
How many times have we heard an analyst either raise or lower a price target and when that estimate was not met, they issue an apology to those who may have relied upon their advice? These "pros" are little more than posters on these boards: most either have a position or clients who have a position that they wish to support and so their recommendations and analysis supports that position. Yes, their advice to the public is free, but that is what their clients are paying for. You can bet that the analyst privately tells clients to either buy or sell before they issue a rating and target.
Free advice is like used oats.
Many people connect the dollar to gold, but the demand for gold is worldwide. Unfortunately by the time you see your currency fall, it is too late to buy gold/silver. Every time we see a currency falter, it is a reminder to diversify your assets. For smaller investors, it is difficult to invest knowledgeably in foreign securities. Some gold provides at least a bit of protection against losing all your easily transferable assets.
I think that everyone who got these shares in the spinoff considered them a sort of dividend. So, they sold them. The price has been down since the spinoff and has now lost about 75% of its value. Doesn't really make any sense, even with the fall in oil prices. So now some folks are finally seeing this as perhaps oversold.
Oil and overall markets are down hard, but SZYM is showing a small gain. Is this the indication that we're at the bottom? Not saying it is going to reverse and go up, but for those waiting for a fair entry point, this could be it. At the least, if you held it this long, it is a signal not to sell now.
If ROSG was privately held and was now going to issue an IPO, I think they'd get a price several times the current price. Approved products using patented science would make them a speculative buy on everyone's list. Unfortunately, the IPO was long ago and even the big secondary that increased shares by 200% (a virtual IPO), was at a price twice the current value.
Let's hope that management is going for a SB win rather than just trying to avoid a shut-out. A buy-out now would be the biggest disappointment for anyone who has held for more than a couple of months.
Unfortunately only about a dozen people have read the Barron's article. Even primed-for-bankruptcy WLT is up big today while BTU is down again.
Market down big and for a change, ROSG is not leading the charge. Price isn't necessarily going up, but perhaps everyone who wants to sell has done so. Now let's see if we can find some new people who want to buy and hold for more than 24 hours.
Buy the dips and sell the spikes? Money losing proposition here since there are far more dips than spikes. Buying a dip and holding it for more than a day automatically becomes a drop.
I suspect your post is simply a copy and paste from another day. We've certainly had enough days where it would be applicable. You might want to keep a copy of your post for another day. It is sure to be useful. In fact, it might even be useful today. Nice recovery in the morning and then in just 30 minutes, it is all gone.
Sometimes gold price is linked to inflation and other times to interest rates. Obviously the concern now is that rates are going up and keeping your money in gold is relatively expensive. Yet gold price has come down dramatically while interest rates have been low.
I think we need to look at the reason for the potential increase in interest rates: improved economy. With that, more people can afford to keep some money in gold, either base or jewelry. If anything, this should help the demand for gold. It isn't going to race up in price, but a small increase in interest rates isn't going to be a drag on price either.
You are mistaken. Rev. Al Sharpton is going to head the IRS.
'tis your reward for going with the board's recommendations. Remember, with this company no news is bad news (they never release any) and good news isn't really good for more than a day.
Phil drives an electric car and so he wants you to pay the tax. Of course as MPG improves and more people buy electric cars, there will be less money for roads.