That's minutia, and an insignificant reason to buy or sell a stock. The CEO earns a salary of over $2.2 Million a year. He's paid well, and has a huge incentive to keep his job....to that end, his execution has been stellar for the company, and for shareholders. The most important aspect of FANG's stock is price appreciation. But if you want to talk about insider ownership, insiders still own almost 20% of the outstanding stock.
If you're short this stock you're insane.....If you're long, don't worry about the minutia, worry about the company's performance.....there's no worries at all in that regard.
The way this stock is acting, honestly I wouldn't be surprised to see it acquired by someone next week.
The whole thing is nothing more than a self-fulfilling prophecy. Can you imagine what the market would do if Yellen said "this stock market move is not justified considering the slow recovery, and lack of sustained revenue growth?" The market knows she'll say nothing to upset them, and then when that happens, it goes up anyway as a self-fulfilling prophecy. From there the financial media takes over with their complete nonsense.
Nothing new, she's afraid to commit either way with the markets at all time highs. She even dropped the small cap social media bubble talk. They play good cop bad cop. Yellen makes her speech, and then CNBC lets the other Fed governors appear as guests to do their damage control spin. I'm sick of all of them.
After watching this stock for over a year and waiting for an entry point, I finally jumped in. I missed the early boat, but Diamondback has absolutely huge growth in this space, and is heading much higher. This is one of the few stocks I follow that the analysts continue to raise the price targets on a regular basis. And I wouldn't be surprised to see one of the majors looking at FANG for their acquisition strategy.
What does that tell you? It tells me this is the scariest market ever. And just today the news came out that the creator of the Hindeburg Omen passed away in an accident. How ironic is that?
If it does not close the week (Friday) over about $71.60-$71.70, it may be a short, but I personally wouldn't go short. I have no position in First Solar, but I wouldn't go long at this point because it may be in the process of forming a head and shoulders formation. For that to be negated, it will depend on how it closes the week.
I'm just looking for trading opportunities, as everything in the market is so overbought.
Does this sound familiar? It should, because this was a typical post back in early 2000. This time is not different, as we'll all find out at some point, no one knows when.
They tried to sell the news, which was great news. I think the stock will recover some of yesterday's move today through Friday.
I agree.....there's a weird sense of calm....the indices haven't moved at all in hours......one sell program may be all it takes.....
Yes, the hammer was easy to see at support on the weekly chart, which was more compelling...... But not with a parabolic V shaped move without stopping to let people off the bus. That's a recipe for disaster, and many will find out for the first time the hard way.
Maybe you're right, a slow burn. It will take time to wipe out the unsuspecting dip buyers.
I've given up trying to figure this out. Listen, I get a good stock market with an improved economy. What a don't get is a market that doesn't back and fill, correct, let go of the excesses, etc. Technically this latest move makes no sense at all. I honestly believe there will be a market crash before the end of the October this year.
No one wants Yelp as part of their acquisition strategy for a lot of reasons.
He says to sell stocks on any strength, except for health care and biotech, which he said will not be affected by geopolitics, corporate margin compression, the Fed, or slow revenue growth.
Everybody look what's going down.....and hopefully it's the stock market at some point.....
The talking heads will cite historical trends in the market, that's all they have. They use the term seasonality to their advantage. The market could continue to go up in Aug and Sept, right through Oct. Then they'll tell you because of strong seasonality, Nov.-Jan. is the best time of the year to buy stocks. It's all BS, they create their own self-fulfilling prophecy.