Me listen to you??? If I did that, I would be tripping all over myself figuring out what to do.....I have been in this stock for over 6 years and have NO intention in selling my $31 Cost basis shares. I will gladly sell them to you when it is back at $80 in 1-2 yrs. And BTW, this is the first industry to be looking at buying now that it is at the lows. Buy low, sell high. When you got money, you can easily wait it out. GL
From the statements you made in your post, you have little or no idea of dynamics at work in this industry. Go get a LT CD or put your money in VZ or PEP.
Sounds about right. This stock has a good chance of falling further, like around $45.50. It takes forever to make any money in VZ. Even holding for years, its takes a long time to make any money. Just in COP and PSX alone, I banked $8 and $11 in PPS gains respectively on those 2 this year. It would take years to get that in VZ. And COP has the same divy as VZ. GL in getting your price!!
He called you a fool, because you are a fool. Obvious newbie and a fool. Hope you shorted big, so you will lose big :)
Looks like you are a newbie, market looks out 12-18 months. If you want to take on a huge risk of losing money, short it to $30. Good luck with that, you will need alot.
NOV trading at a PE of 8 would be $48 share price. Be careful at valuating NOV at the risk of oil's momentary depressed prices. With any huge fall, you HAVE to have patience. That is what an investor does. Anything else, an you are just a trader.
VZ reminds me of the US Govt. Either one will never ever be able to pay off its debt. VZ owes 12 times more than it brings in...that is staggering!!
If its income you want, you would do far better buying a closed end bond fund like NAD, returning nearly 7% TAX FREE. If its share appreciation, VZ is the last place you want to be. This stock was in the mid $50s 2 years ago and has done NOTHING but sink. AVOID.