Dude, I know you are hurt and I know things are not fair, but polluting message boards with the same message, again and again, is not going to achieve anything. MWA will not reverse their decision and it will not give back the retirees their health insurance. Whatever they've done may not be right, but it's not illegal and it's done deal now.
So, give it a rest or go and vent against yankees in some other place. We are trying to discuss investments here, not listen to grievances.
Thanks for your analysis. I was kind of thinking the same thing, but this big 10% move threw me off. Let's hope it gets to 15 by next spring. I will be very happy with that. Bought it years back at 4.75, and though my profit is not stellar, it's really, really, really good.
"Zhenya Senyak, patient advocate and editor/publisher of MPNforum, shares his thoughts about developing MPN research and its potential impact on patients."
He is just a blogger. You call this research, woof? Google the guy and take a look at him.
I don't understand why they are paying someone to take over their business. If they don't want to be in it anymore and they can't sell it as a unit, why not just dismantle it and sell the pieces.
Oh, there is much more than 5,000 of those workers. IBM has been hunting for cheap labor for over a decade. I read an article about them a while back (don't have a link to it and don't know if this is still true) and it said that of their 360,000 work force more than half is abroad and a large part of that half is in India.
You shouldn't guarantee anything. You never know. Besides, I think you are wrong about it. The stock may hit $2. Next time the market bounces it will bounce with it but then it will continue its slide.
I am wondering why the French article about reduction of reliance on nuclear power didn't affect the stock price. I am holding a large position in CCJ and I am down a lot. I am pleased that it's having a little pop today, but I still would like to understand the logistics of this pop in relation to the article.
I am really surprised that there is no regulations out there to protect companies from people like Carl Icahn. Is he actually doing anything for the companies whose stock he owns or he's just trying to raise their stock prices by any means possible? I know he is a venture capitalist and venture capitalists want to improve the companies they own. But shouldn't someone oversee what they are doing and tell them, no, you can't do that. I am not really complaining because I am not a long term investor in Corning. I have my price set on where to get out. But I am just wondering. In the 80s, corporate raiders did a lot of damage to perfectly good companies, just to get their hands on those pensions' surplus. I would someone to learn their lesson.
My friend, the only mistake you have made is going all in on a single stock. Even day traders don't do it. I am not here to tell you what to do with your own money, of course, but I hope you understand what kind of risk you have taken. Forget for a moment what's happening to stock price. Think of what would happen if some disaster occurred with one of Ensco rigs. You can lose all your money, just like that.
Regarding the stock, plan to keep it for a little bit longer than a month or two. Sit tight, collect your dividends and wait for it to recover. It may take a while, but it will recover.
It is very strange that you can't sell puts in your retirement account. I have a friend who tells me the same thing. I think it may depend on your broker. Big ones, like Chase or Citi, probably will restrict you, but I have my IRA account at Fidelity and I used to have one at Charles Schwab and both of them allowed me to trade options any way I wanted it. I can't be 100% sure about it, but I think I could even sell naked calls, as long as I have enough cash to cover the margin.
I sell a lot of puts on range bound stocks in my personal account. If I get assigned and the price is close enough to the strike, I may sell covered call and keep the ball rolling until the stock gets away from me. If it goes up, I leave it alone. If it goes down, a little, I will average and sell call on averaged price. It works pretty well in neutral to positive market.
It seems like a good strategy. Sandisk appears to be trading in a wide range and that
s why short term options pay such good premiums. Might as well take advantage of that. You can do the same thing by selling a put. 91 October put pays between 3.10 and 3.30 and you don't have to own a stock.
Besides common sense, are you basing these estimates on some sort of research?
My common sense tells me that you may be right, but I think it would help if you provided something more substantial than a guess.
It's been a long time since I looked at one of my investments and said, there is too much bad karma about that company. In late 90s I was terribly frustrated watching a whole sector report good news and double in price while the only stock I bought in that sector reported bad news and dropped 20% in one day (that was Disney, by the way). Today, I am more experienced and I can tolerate losses pretty well. I can even look at them with some amusement.
I bought Ensco in 1998 at $24 per share and I watched it drop like a stone all the way to $8. That's where I finally lost my nerve and sold it at huge loss, and, of course, it took off and in the next two years hit $40.
I bought it again recently, after 16 years, not a huge position, just a few hundred shares, and it has been dropping ever since, from my entry price of $50 to $38. Now, I am a seasoned investor, and I understand very well how the cycles that businesses go through. Oil price is down. Analysts seem almost giddy with excitement as they downgrade the drillers. Yes, the company may cut dividends and yes, the price may go even lower. But I think this time I am just going to hold on to it for a little while and see where it takes me. At some point I will probably average it and stay in it for few years, collecting whatever dividend Ensco will pay.
However, one thing I am sure of. After I am done with it, loss or profit, doesn't matter, I am going to stay away from this particular company.
A lot of people dislike Cramer because he is loud. He may be loud and crass, but he is not a clown, I assure you. If this is what bothers people (and I understand why it would bother people) then I would suggest that they stop watching him. Nobody needs the aggravation. Me? I find Cramer amusing and even entertaining. Booyah!!!!
To be honest with you, I never follow any of his advice. What I do, what I really like about him, is his perspective on things. Yes, he can more the stock, but forget about it for a moment. Just pay attention to his views. He has some really cool views.
Look, we are all grown people here with, I hope, some extensive experience in trading and investing. I don't need someone like Cramer to tell me what I should or should not do. What I want is to hear his opinions, and I will do my own research and I will make my own decisions on what to buy or sell or hold. He is my guideline, nothing more.
Besides, can you (or should you) make your decisions just by listening to 30 second blurbs from some guy on TV?
Agree, buying on margin is way too dangerous, especially now.
Agree, they won't cut the dividend. It would be bad thing to do and it may cause more outflow.
Not sure if at this time it's safe to buy it. On one hand, Gross was not the only one managing Pimco funds. There are plenty of other managers who know what they are doing. On the other hand, with all that outflow, more downward pressure may come.
I will stay on the sidelines for now.