I took a little heat for this call, but it's time to start NIBBLING folks. I would dollar cost average in as OIL will most likely trade into the 6s. Good luck.
I'm still waiting as too many are trying to call a bottom. Real bottoms don't usually happene when everyone is looking for it.
Sit back and watch. Not an empty bs statement, but no need to share my reasoning as it would be wasted here. It will most likely hit the upper 6s to be precise.
Read the silliness on here, would you? GILD has topped for the year......... Yes, GILD looks cheap at the moment, but people fail to factor in peak earnings. PE can rise as the stock price goes down.......
Doesn't matter as earnings are as good as they will get. That PE will sky rocket to 30+ during the next earnings cycle.
Most on here are too clueless to notice the stupid amount of bulishness on this thread. Guess what lemmings? There isn't anyonbe left to buy this pig. This will trade below 100 over the coming months and most of you will vanish and not admit being a lemming.
We'll talk in a few months when this sector is upside down. Things always looks best at the top and GGILD's earnins will stagnate at best. Stagnant earnings usually have a 9-12 PE ratio.
GILD has almost YOY growth going forward and I suspect it's seen the high for 2-3 years going forward. The sector is LONG overdue for a massive correction of 30%+.