Well, I didn't buy under $95. What about buying around $80? There seems to be support around this price, and the chart looks as if it could reach par again. What say you?
AMGN is steaming hot after taking a breather for a few days which created another opportunity to buy. There's no tax-loss selling to get in the way of a move higher before year-end. The dividend increase is a good indication that management is confident of their ability to continue to move the company forward.
Dr. Frost has no intention or desire to take OPK private. He's grooming the company to do a stock swap takeover by a much bigger pharma (think Pfizer.) If he wanted to take it private, he'd have done it a long time ago. He's in his late 70's and wants to leave his estate with as little tax burden as possible. Let's not get carried away with absurd theories. He's a very savvy, shrewd businessman who will maximize the value of the company with the least tax consequences. He'll look out for himself first and foremost; the shareholders are just along for the ride. Enjoy it.
Let's not count our chickens before they hatch, but I'm very optimistic about OPK. Gene Marcial's article in Forbes today gave my confidence a huge boost. He used to write the Inside Wall Street column for Business Week Magazine before Bloomberg bought it. I made the biggest and fastest gain of my life on one of his extremely timely takeover tips (Conoco). He said in his article today exactly what I've been saying here for several months. Marcial became a legend with his column. So much so that there was a big scandal (that he had nothing to do with) in which postal employees were seeing his column before the magazines were delivered and passing along information about which stocks were mentioned in his column. The group would front-run the day before and dump the next day at an almost guaranteed profit. He had more clout than he wanted, but his research was usually spot on. Read the article if you haven't already done so.
Sentiment: Strong Buy
The big mistake you're making is that you're looking at the short term price swings and losing sight of the longer term picture. Look at the fundamentals of the company and judge it from there. Don't let the short term noise drown out the ultimate objective. MMP is highly volatile. If you can't stand the volatility, buy VTI instead. I've been around long enough to have seen mind-blowing swings in the price of oil. It's like constipation; it all works itself out in the end.
You should take a look at LNCO from the standpoint of someone who does not own it. Think about whether you would be willing to buy it at today's price. If you think there's a realistic chance for recovery, then you should be buying more to bring your average cost down. If you liked it enough to buy it at 50, then you should probably love it at 30 (just hypothetical numbers). If you loved it at 30, and it goes down to 10, you should buy all you can afford. On the other hand, if you think the picture has changed, and it's not worth today's price, you should think seriously about selling before it goes lower.
I bought PBR at 40. I bought more at 30. I took another look when it got down to 20 and decided it was probably going a lot lower. The whole story had changed radically. I got out and took my loss at 18. PBR is now in the 6 range. By taking a loss, I saved myself a lot of money. I don't like taking losses, but sometimes taking a loss is the only sensible thing to do.
AHHA!!! You just put your finger on the problem. They print more money every day.... right! The more they print, the less it buys. That's the principle of inflation. Money that is not earning money is losing value every day as more and more money is printed. If you're not making at least the rate of inflation (the REAL rate, not the government's make-believe rate), you're losing. There's only one thing you can get without money.... sick. If you want to get better, it costs a fortune. Take money seriously. It's not a joke. Unless you have more than you will ever need, the day will come when you'll wish you had taken my advice.
Yup. I guess that's why my personal net worth has more than tripled under Obama. How'd you do under Shrub?
I couldn't agree more! I spent many years in the stock brokerage business back in the 60's and 70's, and there was nothing even remotely like VTI. I'd have been out of business if there had. Now, this is the number one core investment I always recommend to new and old investors alike. Vanguard is more like a public service company for providing such an easy, low-cost way to invest. I also have a ton of money in VTSAX (the open-end counterpart to VTI), but I can't move it over to VTI without incurring a huge tax on the gain. I'm really glad to see people like you who have seen the enormous benefit of this kind of investing. Stick with it through thick and thin, have patience, don't try to time the market, and you'll come out a huge winner in the long term. Remember: BUY THE DIPS! Use corrections to your advantage to get bargains.
With articles like the Forbes one today, anyone short has to be getting very nervous. A genuine short squeeze could be long and painful or quick and deadly. It all depends on how well financed the shorts are and whether shares are available. OPK is not the kind of stock that it makes any sense to short.
Looks to me as if Billy was drinking or snorting something before he wrote his post. It's totally incoherent.
I just found an article, out today, in Forbes by Gene Marcial. For anyone who remembers the old Business Week Magazine, he wrote a weekly column called Inside Wall Street in which he highlighted potential takeover candidates. Based on one of his articles, I bought one of the biggest winners I've ever owned in my life. (It was Conoco, and he was just days ahead of the initial (hostile) bid by Seagram's which started a huge bidding war that drove Conono from about $42 all the way up to about $110 in a matter of about two months. It was eventually taken over by a little chemical company called duPont.) After that column, Gene Marcial became a major force to be reckoned with on Wall Street. His columns became self-fulfilling prophecies from then on. Companies that didn't even know they were being stalked suddenly found themselves the targets of takeover attempts, both hostile and friendly. Seeing this article is a game-changer for me. Gene Marcial is a legend in his own time.
I can't disagree that Immelt has been a big disappointment, but I don't put all the blame on him. The rest of the Board shares at least some of the blame. For example, I consider Andrea Jung to be an incompetent puppet who is totally out of her element on the Board of a company like GE. She destroyed Avon Products, so what skills does she bring to the party? I could go on all day about them, but the results speak for themselves. I also put much of the blame on Jack Welsh for leaving the company in bad shape. He pumped up the stock with smoke and mirrors to the point where it was way overpriced and left Immelt to take the heat for the fall. Welsh was the most over-rated CEO in modern history. IMO. I wouldn't be surprised to see Synchrony do a lot better than GE once they end the marriage.