When the market closed (I still have it on my screen) GS was @ 106. Everyone includeing YHOO showed it a 114. I bought some call options at the end of the day yesterday and if GS closed at 114, I made a killing, but my option price was flat.
Not that anything will come of it but something is screwy about the price listings on this stock yesterday.
Man you are an idiot. Like we "peaked with Bill Clinton" and Bush is the reason for the fall.
The fall has been coming for a long long time. And nobody is going to put us back on track again.
The tree of liberty must be watered frequently by the blood of patriots. So said Thomas Jefferson. You going to die? Is Obama going to die for this country and for freedom? I don't think so. We have reached the point of no return a long time ago.
You like so many other idiots are looking to another form of government to give you your little heaven on earth utopia. Get over it. Government at best is a cycle of failure after failure, and there damn sure isn't anyone alive today that is going to be able to repair the damage that has been done.
Vote and elect all you want. They are all a bunch of greedy whoremongers looking out for themselves and their greedy desires.
You don't read much legal documentation do you?
It is clear that they still have an out in the statement they have released to the press.
They could very well go into BK but the press release only points to the intention and not the actual fact. It could easily be a ploy or manipulation play.
Very interesting. It is not officially filed yet. Much could happen between now and the end of the day tomorrow.
It is times like this that make life interesting. A little break from the usual routine.
You don't ignore these people, you find them and do what we did to their Nazi asses back in the 40's.
If you don't, they grow in number until they think they are strong enough to round you up and kill you.
The main reason it has followed the price of oil is because of people like you who think that it should so it does. Because you and a bunch of other chicken littles let youself be so easily manipulated. By what appears to make sense.
The very point of my post is that it moves with the price of oil but based on the FACTS it shouldn't. If I could get all of you on board so that you quit selling like it is some rule to follow (oil down so sell NOV, RIG, etc.) then we could stop some of this manipulation.
Weak minds are easily manipulated.
The oil game is too easy. I mean when people like you and I can see it then you know it is obvious. Usually this spells the "makes no sense" periods we have to wade through like now.
Wall Street hates easy money unless they are making it. When it seems easy for you and me, then look out.
My advice is stay with what you know. If you know RIG is good then hold the faith until you KNOW otherwise.
Second of all they other guy was right about funds rolling over and selling out because they have to. They have taken HUGE loses in the financial sector and have to sell good stuff to recoup the losses.
Go get distracted somewhere else for a while. This will pay off in the long run.
NOV is not moving because the price of oil is up or down. NOV is affected by drilling activity. Drilling activity is up and will stay up even if oil goes to $60 per barrel.
I live in oil country and know guys that work for NOV. When I moved here is 2000, oil was $17 a barrel. They were pumping then and making money. NOV doesn't need $100 oil to make money. Drillers don't even need $75 oil to chase that black tea. We are a long way from any slow down. Have you people not listened to any conference calls and heard about the backlogs NOV has? Do you really think that the world is going to quit or even slow down in its use of oil?
There are a bunch of cry babies on this board acting like they bought a bunch of options and are getting gutted. I challenge anyone to find me a better INVESTMENT in the stock market right now. Not a TRADE but an investment. Just hang in there and buy a little more at this level if you can afford it.
This dog will hunt.
Because RIG is already down a lot on a percentage basis. I also believe NOV could be more widely held.
Notice the LEH fund today that had to shut down because it had lost money in Copper and Natural Gas.
How in the hell do you lose money in Copper and Nat Gas with their market exploding?
Anyway that was a 4 billion fund having to sell. Do you think they owned any FCX or RIG or NOV. My guess is yes and there are several "funds" getting their asses kicked that are having to sell. This of course is driving the prices down. You can be sure there are others that sat back today and are on pins and needles ready to pounce on NOV. It will come. And when all the have to sellers leave this baby will rocket higher. No matter what oil is a barrel.
No apology needed. I am in this with you, man. I should have used the term "cash" rather than "capital".
I only wish I had the ability to KNOW when some hedge, fund, bank, etc. was being forced to sell. I am merely speculating but cannot imagine any other reason why anyone would want to sell at these levels.
I would say good luck but I truly believe we have a winner here based on factual fundamentals.
Hang in there and we WILL be rewarded even more.
You missed the point. Not everyone was selling. Some wanted to buy and knew that others HAD to sell and so waited while the selling was in full force. There is always selling and buying every day. More selling equates lower prices, right. So if you wanted to own this cheap and knew that there would be mass selling, why step in and buy when you could just wait for the price to fall even more.
I guess it is the nature of man to look past the obvious and try to find the "real" reason for whatever.
The reason RIG, NOV, FCX, and all the other stocks with high growth and ridiculously low pe's have sold off, is because someone is having to sell to raise capital.
Think about what is going on in the banking industry. You know they own a ton of whatever has been hot lately. Then they get in trouble and have to raise capital. ARe they going to sell their losers or winners? Not only that but big institutions and banks that want in know that someone is having to sell. So what do they do? They quit buying and let the selling take the price down hard so they can buy at a discount.
Quit looking for the conspiracy and follow the money. The only reason you would sell RIG at this time and these levels is because you HAVE to. The selling will end, the buyers will come and we will go to a new high. Just maybe not today or next week.
I think they have somehow pissed GS off and that is the reason for a lot of the downward manipulation pressure.
If the first 1/2 was so great, why in the hell did it lose 50% of its value? God, I would pay good money to sit down and grille some of these dumb ass analyst on their bs statements.
This company is growing by over 20% and trading at a PE of less than 15.
A premier brand name.
Brighter future ahead.
And a 2.5 - 3.0 percent dividend.
You act like people are going to quit buying and selling stocks. Remember thay make money coming and going in bull and bear markets.
So if there is some manipulation in the stock it won't last forever. Stay for the ride of get the hell out now.
Don't bash the company or management because they are doing a fine job.
Right now it is being manipulated for whatever reason. I don't care. This will go higher in time.
There are a lot of $50 stocks that wish they could make $3.00+ in earnings for the year and grow by over 20%. Why don't you go buy one of them if you are unhappy here.
Checked in the walls of your house lately or under the hood of your car or maybe all over the place. COPPER IS A NECESSITY, Goober! This is the 21st century.
That use to be the way it worked until the majority became the whiners and cry babies that will probably vote for Obama since he is going to guarantee that no one gets an hang nail in the years to come.
We live so high in this country and have become so soft that the slightest jolt to our comforts, convienences, and fun-time makes us cry to mother government like the good little socialistic/communist we have become.
It is amazing what peole expect is their right as an American. And they expect for it to be given to them rather than having to earn it.
In the last ten years I have watch my children grow up strong, healthy and well fed. They lack nothing but some things they may WANT but nothing they need. I work on people's cars for a living so no BS about how I am some rich guy.
This is a great country, the greatest, but that is fading fast because a country is only as great as its people. We use to be strong, independent, hard woking, caring for others and now we have become mushy, dependent, lazy and care only about ourselves. Yep, we have about become like the rest of the world.
So take a good look around you (Russia, China, Germany, England, France, etc.) and you will know where we will be in the not too distant future. Remember they were much older than we were when we rescued their asses back in the big war. Now everyone tells us we have to be like them and depend on a stong federal government to provide our needs and take care of our problems.
Suck it up people! For God's sake we are suppose to be Americans and not some whimpy cry babies. Take care of your personal responsibility and we will be fine.
What is wrong with Bush's policy? Looks like we have done pretty well under his leadership.
Where was the market in 2000 when he took over?
Not that I think the President has much to do with anything much that directly affect us in the near term.
Please, you talk about Bush policy like you were an expert when all you are doing is parroting some BS you heard on the Communist new network. I don't agree with everything about him by any means, but he has done a pretty good job considering the hand he was dealt.
Israel should have bombed Iran a long time ago. Iran is a bunch of radical hot heads just looking to kill someone. Since we got the troops there we should just roll over the boarder and take care of business like we did in Iraq. Things have settled down quite a bit in Iraq since we have taken over.
No threat from the region and the oil just keeps flowing.
Why don't you get your own brain in gear and quit letting others drive it for you.
McCain should maintain much of the current policy. And if you think Obama is going to bring the troops home, you are an immature child who knows nothing of American history or policy.
Just what the hell is a "green house gas"? Isn't a green house the perfect controlled enviromnet?
Don't trees take carbon dioxide and produce oxygen?
Your temperature increases, are they daily, monthly, or yearly? Funny, cause we had several new records set on the cold side this winter where I live.
And how in the hell do you or anybody know what the temperature was 400 years ago?
Sounds like a bunch of socalled scientist pulling data out of their ass to justify next years budget increase and make themselves look smarter than they are.
Yeah, yeah, and all the computers were going to crash in 2000.
I got some ocean front property in Arizona I bet I could sell you too.
What is with the reference to a sermon.
You tree-hugging-idiots can ramble on about the most ridiculous BS to try and make yourself feel significant but when someone pulls out the big picture of reality it now becomes a "sermon".
Grow you dumbass up! Please!