"Oil is down to HALF of what it was a year ago..." And that is a good reason to Buy. I bought some this summer and bought more XOM recently near, what could be a bottom. Maybe, maybe not, but to me, oil stocks are meant to be held long term and get the dividend while you wait. I own XOM, OAS, MPC, SLB and may buy some CVX.
Oil is not going away. It is especially volatile these days, like pretty much every commodity. I wouldn't call 2% bump something to get excited about, but it is in the right direction.
I bought SWKS recently as well and already up a bit. :) However, I am keeping my oil stocks: MPC, OAS, XOM and may buy CVX at some point. All are in my IRA so I am LONG on all.
The only spec stock I own is OPK which has Huge upside potential over the next 2 years. The company is driven by a phenomenal businessman. So you aren't just investing in the company but the leader.
All they do is try to bring down stocks lately while they short and then will buy and bring it back up when they decide to publish 'good' news. Goldman Sux.
Umm...maybe because of the headlines??? It isn't the retail investor moving stocks, that's for sure.
"Oil prices surge more than 5%; Brent above $50.
U.S. crude inventories fell by 2.1 million barrels in the last week."
Small buys because of the uncertainty and volatility still occurring. I am following some advice Buffet gave and that is investing in the S&P500 index. I bought 3x on dips and glad I did. Saving some cash for the drop that so many seem to be expecting. If it doesn't, it doesn't hurt to have some cash on hand. I am mostly investing for my IRA so everything is long term and mostly divvy stocks.
My only exception is OPK. I am a strong believer in this company, product pipeline, acquisitions and its future with P. Frost at the helm. Still a very good buy at these prices.
Sorry Burn. Didn't happen. Won't happen. Pats kick #$%$
Born and raised in RI and big New England fan. Pats will be in the championships once again. (even without some of my favorite players gone this year). :)
What IF it never goes below this number and you sell here? I'll explain - you lose out.
You can't time things. Those who truly believe in this company, Hold. Period. Buy on dips, but don't sell.
Let people be excited about the stock going up or down. No reason to get violent. Any posts here, no matter how many there are one way or the other, do not move this stock. Live and let live.
Oh, and you are on the /ignore list now. Have a nice day.
Short term. It should only bother you if you aren't holding this for 1+ years out from now, or if you didn't buy until this past year or so. Hang in there. Daily movements mean squat if long.
Anne, I see greyed-out posts, from people I've ignored, below your post. I can't imagine the comments. :)
Exactly! Great that the stock is going up, but knowing what Opko's successes mean to patients with the illness they are working to help with, means a lot as well.
Exactly. Sure I watch my stocks every day but rarely make any moves. My timeline for non-retirement is 1-2 years. For retirement most stocks are long term holds, but there are some that have 2 year horizons.
Long and patient
Sentiment: Strong Buy
Opko Health Inc. (NYSE: OPK) announced in its first-quarter operating results in May and is expecting a rolapitant PDUFA action date on September 5. Opko will receive up to $110 million of milestone payments upon the approval and commercialization. Rolapitant is involved in the prevention of chemotherapy induced nausea and vomiting. Shares of Opko were trading at $11.42 on Friday’s close. The stock has a consensus analyst price target of $18.00 and a 52-week trading range of $8.02 to $19.20.