To all the "adults" here. Answering "thefort4" is also on opportunity to make the bullish case for many other stock traders who might read your replies as well. You are chasing away other potential buyers with deeper pockets by being dismissive of this beginner. "thefor4." And you don't have to spend an hour writing a detailed position paper to answer him, just a sentence or two of decent advice.
thefort4, stand your ground here. There is no shame in being a beginner - but there is a pathetic quality to other stock traders who feel they have to attempt to belittle a young person asking a decent beginners' question. These guys use the anonymity of the internet to give you a hard time, something they would be afraid - or too cautious - to do in a bar if they met you face to face.
I'm over 60 and have no expertise here, but do want to help develop a partial answer to your question. The technology this company is set up to exploit could easily lead to a buildout of system with many paying customers. I believe they have a unique market niche. Do some research, starting at the company's website and also use the internet. Hopefully others here will give you a decent detailed answer to your question without the post-adolescent snark.
You haven't given one reason why we should buy this particular gold mining stock. I don't think we will default next week, but let's assume - for the sake of argument, you are right and we default (it would be two weeks and not next week). why is this IAG stock any better than leaders like Goldcorp or Yamina Gold? Why is it better than GOLD or GLD or any other type of gold index stock?
Merely saying that my fact filled earlier comment was a joke - and changing the subject - doesn't prove that your recommendation of IAG in not a joke.
Let me get this straight. IAG, which has a lot of overhead resistance because people have been losing money on this stock all year (and also the last 3 months) and would like to sell into any chance to break even is now your big buying prospect? Plus, as we enter the last quarter of the year, people will sell their 2013 losers (look at IAG's chart) for tax purposes against their 2013 winners. Are you sure you aren't SHORTING IAG now to make money? Just asking. You want another trade, okay, but to clean up an old saying, I wouldn't buy IAG with your money.
There's a story on a conservative website that says Cumulus won't be renewing Sean Hannity's contract. Sean didn't call anyone a #$%$ and is a nice guy with callers. This seems to be more than bad business. You don't throw away two of your biggest cash cows, particularly when you have nothing to replace them with. I'm waiting for the Tom Daschle or Mario Cuomo show to take off - like a lead balloon. Assuming even the leftists here are interested in this stock to make money, they can now sell and tell their friends that they are "boycotting Rush." And saving their own behinds. I wouldn't touch this stock with Anthony Weiner's pole.
Sentiment: Strong Sell
Here's another score for you. In the last two trading days of last week around 100 mil. and then 50 mil. shares were traded. the average is 29 mil. that means a lot of high rollers bought into AMD. You don't get those numbers from small traders living in a studio apartment. I figure they know something and have bet on this company going long. If you want to dismiss Microsoft and Sony as dumb companies that just throw money around and sign any old contracts on a half baked whim, well, there is ample reason to believe otherwise. I suspect the longs will be smiling in 3-6 months, if not 3-6 weeks.
I hate it when a stock board turns into a political board. I have strong political views but I take them elsewhere. One thing I notice about ALL the views here, be the left or right, is that they are essentially name calling with little to back them up. By that I mean people are saying, "Everyone knows how bad the other side's guys are and it would take talent for me to develop this argument on another board, so I'll just come here to whine about who I hate."
I've got a better idea - tell us what you think about SIRI's prospects. I don't care what you think about either the Democrats or the Republicans ON THIS BOARD.
Jobs may have become a republican, but he never became a Republican (GOP member). He was interested in keeping his and Apple's money, something not unique conservatives or Republicans. By the way, according to Newsweek, one of Apple's earlier computers named Lisa was chosen because of the child Jobs had with his hippy shack up first common law wife. When Jobs denied being the father, the state of California ordered a paternity test that proved Jobs to be Lisa's father with over 94 percent certainty and ordered child support payments.
I was at the Wendy's just west of Union Square on 14th St. in NY City on Friday. Also packed, very few empty seats. And the food was good.
A K-1 is a special tax form of 1 or 2 pages sent late in Feb or March to holders of investment vehicles like UNG (the other types don't matter here). It means it messes with your doing your taxes. If you do taxes by hand yourself, forget UNG (if you aren't an accountant).
Yes, as much as this guy is right in talking about the things the iPhone doesn't yet have, he is giving Steve Jobs good consumer opinion research about what to put in the iPhone 2.0.
Hey, the early autos didn't have safety glass, seatbelts, a heater, an air conditioner, turn signals, brake lights, etc. But they were better than the horse and buggy and they kept improving.
The NY Times executive editor Bill Keller, who defended the John McCain article, not only had an affair, but divorced his wife to marry the woman he got pregnant. That is lot more substantial evidence than the innuendos behind the McCain article.
From New York Magazine, September 11, 2006, "The Unites States of America vs. Bill Keller, by Joe Hagan:
(substitute http for XXXX)
'Moving to New York, Keller wrote one last piece on South Africa, an article for the Times Magazine about Nelson Mandela’s wife, Winnie, in which he cited a book called The Lady: The Life and Times of Winnie Mandela. The following week, the magazine published a letter by the book’s author.
I thoroughly enjoyed Bill Keller’s article “The Anti-Mandela” (May 14) and am glad he found my biography of Winnie Mandela useful. I agree with him that the phrase “a blistering inferno of racial hatred,” used to describe her childhood, is an overwrought one. However, credit where credit is due. It is not my phrase, it is Winnie’s own.
— Emma Gilbey, Sag Harbor, L.I.
After reading the letter, Keller called Gilbey, a British journalist living in New York, and asked her to coffee at the Times cafeteria. Gilbey, at the time, had a reputation as something of a power-dater; her exes included Senator John Kerry and Pink Floyd guitarist David Gilmour. An affair ensued, which shocked Keller’s friends. “I felt bad for everyone involved,” says Stephen Engelberg, a former Times reporter. “This was not characteristic behavior at all. I wouldn’t pretend to be Bill’s psychologist, but he didn’t get a red sports car, so …”
Gilbey offers another explanation, related to Keller’s son. “After he fell in love with Tom, he was just falling in love all over the place—with chairs and tables—and when he fell in love with me he didn’t know whether this was actually real or whether he actually loved me or was in love with the world. And, so, you know, we sort of thank Tom.”
Two years after they met, Gilbey was pregnant, Keller was divorced from Cooper, and he had a new job as managing editor under Joe Lelyveld.'
"BPOP's management should still be held accountable for two decades and countless resources expended in costly failed initiatives."
I suspect the accountability was held by a lower stock price than if they did great deeds. They now seem to be making better decisions.
I should fire myself for bad decisions over the last two decades, but I'm stuck with forgiving myself and learning from my mistakes. And that isn't bad. Even Steve Jobs learned from his youthful mistakes.
Spatchboy, people know how to valuate a stock. They just don't know how to valuate their mortgage payments, gas bills and ready cash available. When people aren't flush with cash, even the best stocks suffer - for a while. Apple will come back. I just wish I knew an exact date. In the meantime, I'll wait (I got out at 167 on the way down. Yeah, I should have got out at 185) and watch the charts - and the economy.
I'd like to reply to the "newbie." This is an excellent stock and the postitive reply here is mostly about stock trading. Option trading (you mentioned contacts, presumbably long) is another animal, complete with manipulations as you approach the expiration date. Trading options is a tougher game, but some people thrive on it. You might want to look into buying LEAPS (Long Term Options, generally lasting a year or more) when your current options expire. I personally don't know if there LEAPS for this stock, but I suspect they exist.
Don't wait to the last day before expiration to sell at a profit. If you have a good profit, take it quickly. With regular options, patience is not a virtue: it is an opportunity for the Wall St. professionals and floor traders to pick your pockets. Patience is better rewarded in buying the stock or the LEAP.
Tax selling ENDS next week. People started their tax selling, matching sales of winners with losers 31 days or more before the end of the year.
My long is profitable. Apple up 4 dollars real time at 10:29 am. I think that's better than 10 cents on the short side. Hope you took your profits if you are a daytrader.
I'm not imagining a rumor.
Go to Page B1 of Investors' Business Daily weekend edition (Monday date) where they list the first 20 of the IBD 100 stocks. #10 is Apple and if you look at the column descriptions on the left hand side, you will find the following text under Apple Inc.:
"iPod maker in talks with China Mobil about launching iPhone in China."
Maybe this news was known before to the posters here. Maybe not. But the fact that it's in Investors' Business Daily gives it extra clout.