How people were buying this at over 100, but don't want it at 20. At some point people would think this is overpriced instead of waiting for a crisis. You can't completely blame the short funds, people got a bit greedy just thinking about the div and not the health and sustainability of the company. By the way I am a buyer at these prices or I should say dabbler. I think the bottom is over millions of shares were traded around the 15, that's not capitulation it's catapulting. I think the smart money could see this as a good as it gets, almost to the point of paying nickles on the dollar. No matter how much it tried to be shorted people were buying in. Sometimes I think all shorts can drive stuff to zero, there is a breaking point both North and South. Lot's of people lost but I plan on making money on this debacle. Of course there are no guarantees.
Not sure what any off this has to do with this stock. Is there a deity or politician involved in this stock fall?
The world uses 96 million barrels a day, 35 billion a year. A 2% drop in spending causes a recession a 4% drop a depression. It wouldn't take much a cut 5% is 100 of millions of barrels a day. This whole thing is insane, US is both now importing and exporting. Nobody can guess the bottom but I think we are getting there. Do a average approach, but some today wait for the big dips.
No, he is trying cache in on the outgoing tide but seems to be caught on the tide coming in. Like most people he followed the trend and now thinks he is stock picking guru. It's not that HESS stock is down, it was just a bit overpriced, along with a bit fear and panic it made all the shorts a bit richer , so it depends how you look at it.
They think they can predict everything in the market.
Yes Although patience has nothing to do with finance it's one of the most important parts of investing, both buying and selling. Don't go in to fast and don't sell to quickly.
Are you kidding, what are you a paid pumper for Gino.
1) Wocket is way to thick, I still need my wallet so unless you have a purse or manbag it's way to big.
2) Interface is junk, in today's tech world looks like something bought for a toaster.
3) Mag strip is going the way of the pony express, another 2 years and it will all be computer chips.
4) Why would I carry another device if I can use my phone for electronic payment.
This thing is a day late and dollar short, 20 years ago it would have been all the rage.
yep something like that, but maybe it's more the just the Saudis in on this. This whole thing is major cluster. Keep some cash for a buying opportunity.
If you bought the company for 5 bucks times 200 millions shares and then paid off the the 5 billion debit you would have 12 billion in oil assets for 6 billion dollars. Not a precise calculation but doe make you wonder what the real price is here after all this computer trading, fear and panic?