If you go short at $119 and cover at $115, you wasting your time. The risk/reward isn't worth it. If you can't make at least 10% on a short sale, you'll get killed overall. There are too many times when you'll be wrong and be forced to take big losses. Many small gains and a few big losses will wipe you out. I've been in this for over 60 years, so I learned the hard way. Better to buy cheap, put it away and hold for the long term. That's how the big money is made. If you think you're too smart for that, then you've proven you're a fool. We'll talk about it 60 years from now when you've seen what I've seen.
By the way.... Cramer is THE KISS OF DEATH. If Cramer says it can't go above $120, then it's a raging buy at $120! Whatever Cramer says, it's more likely than not to be wrong, wrong, wrong. On or about October 13 or 14, he was screaming about the TREACHEROUS, TREACHEROUS, TREACHEROUS market, the end of the bull market, the beginning of a huge sell-off of unimagined magnitude. That was the best buying opportunity in over 5 years. Cramer is the best contrarian indicator I know of. He's nothing but a professional tout. Beware of people who constantly scream and wave their arms around.
Cramer is THE KISS OF DEATH! Do the opposite, and you're almost guaranteed to make money. He's nothing but a professional tout.
I always fly first class on long haul flights, i.e. to Europe, but I haven't had the opportunity to try "Mint" on JBLU. I'm also curious to know what people think of it. It seems to be a bargain compared to the others. Does Redwood offer something comparable? They offer loads of perk programs, but I don't see any first class service.
From a high of $86.08 to a low of $83.50 and a close near the low on an up day is setting up for another buying opportunity. I didn't see anything to account for the weakness, although it seems as if Zack's lowered their rating from #1 to #2. So what? They're usually wrong.
For the shorts! OPK is looking strong. You can always tell by the frantic OPK bashing by the shorts. They seem to think it's going to somehow help their cause. If anything, it just shows their desperation which in turn causes more buying by real investors in this for the long run.
Given the moderately disappointing numbers reported last week, OPK is remarkably strong. Frost et. al. uses these opportunities to add more to his ever-growing hoard of shares. He has enough money to buy the whole company, but he's giving other longs a chance to participate along with him. When the time comes, he'll bury the shorts under a blizzard of margin calls. The floor under this stock at $8 is fast turning into impenetrable bedrock. Shorts will pay a heavy price for their greed.
I had an epiphany last night and saw OPK above $40 on its way to $200. With so much stock very tightly held by a few super-wealthy individuals, and a huge outstanding short interest, OPK has the potential to be another super star of a stock. I have nothing against short-sellers or the practice of selling short, but this is exactly the kind of stock that can be fatally dangerous to short. If you feel good now, just think how good it'll feel when it really gets going.
OXY was run by Armand Hammer for decades as his private piggy bank. As Hammer got older, he went through a number of would-be successors until he finally hired Ray Irani away from #$%$ Chemical. Irani became CEO only by outliving Hammer. I knew Ray Irani from his days at the Country Club of Darien (CT). When he took control of OXY, he paid himself an unconscionably exorbitant salary and perks, but he also brought value to the shareholders. That was something Hammer never did. Irani is a very smart business tactician, especially for a medical doctor (a group never particularly highly regarded for their business acumen.) Irani's successor as CEO gets a comparatively very modest salary. However, the performance of the company seems to have lagged since Irani's departure. Hammer took a small salary but made many millions of $$$ from the big dividends on his hundreds of millions of shares of OXY stock. Irani owned a fairly modest amount of the stock but instead took his hundreds of millions of $$$ in cash and options. He was, at one time, the highest or nearly highest paid executive in the world. It could be argued that he was worth it for the performance of the stock under his reign. Under Hammer, the Board of Directors was the ultimate definition of a Board of Directed. Absolutely no decent was tolerated. Hammer laid down the law as he saw fit. His corporate jet, a Boeing 727 that was specially customized to be able to fly non-stop to Moscow, Russia, was, at the time, the most luxurious corporate jet in existence. I flew on that plane from New York to Florida one time before Irani replaced it with another plane that was even more opulent. Yes... tell me about OXY!
I was sure I heard him recommending OXY, but I try not to watch him if I can avoid it. I only watch Cramer as a form of extreme self-punishment for some major transgression against humanity or if I have an uncontrollable urge to vomit.
That doesn't begin to explain where the money to pay the dividend will come from. Yahoo shows earning at $0.11/shr and the dividend at $0.93/shr. A brief explanation would be greatly appreciated. A snarky reply like the one above is not appreciated. I presume there has to be more than meets the eye. Is it tax-free return of capital with a small taxable dividend? That would make sense.
Thank you very much.
EPD is great with or without Keystone. Just buy it and put it away. Trying to time it is a fool's game. The past few days provided an excellent buying opportunity to either start a position or to add to one. Use the DRIP and take advantage of the 5% discount.
Not going to happen. BABA is a long-term keeper. Just buy it, hold it, and forget it. I bought 200 AMGN at 27 in 1987. It's now 9600 shares. I bought 50 MCD in 1965 on the IPO at 22.50. Thought I was smart selling at 50 a month later. Some stocks should never be sold.
Certainly not "everybody," but I do recall seeing at least one suggestion in favor of a split. Personally, I'd be just as happy with a higher price and forgo the splits. Let it go up to around the same price as BRK.A, for all I care. You won't hear me complaining. With flat-rate commissions, splits are pretty much irrelevant.