You're right.. I don't trade nearly as much as I used to. I just happened to have today off from work so I can actually follow some of the price action more closely. I seen that big bid too and was hoping maybe a few more bigger orders and we'd get through 2.00 today. I think you are right, just have to wait until earnings come up for the catalyst. GL to you.
They maybe we'd blow past it but seems to be strong resistance..Kinda regretting that 1.95 addition today, probably should have waited. Oh well, hopefully long term this thing pays off. Best of luck to all. (1.65, 1.95 purchases)
Exactly. Thinking about unloading my shares Monday. Tying up funds in a losing position is not wise. Good luck!
When oil prices go lower for us? I just want to make sure I'm understanding this right. I understand that there is a difference for this months wti price and 12 months from now but we want to see this month go lower right?
You can thank me for the stock dropping on the week despite great news and good sector strength...Everything I buy something it falls immediately. smh Hopefully brighter days ahead.
not really sure where you heard this...i for one don't buy into any of these numbers. people leaving the workforce and low income service jobs are not showing me any strength. what you say doesn't surprise me but have not seen or heard this anywhere else. gl
i 100% agree management is a piece of work, i also agree with it "being a turd" right now, and that ALL UTILITIES suck right now! that is 3/3 for this stock being absolute garbage which is why i like it here, not at 40! get some management changes stock pops, a weak jobs report, or a "one and done" scenario and all utilities go up, another catalyst. a "reasonable" p/e of 12.5 and at 2.70 eps gets you almost 34.00. i don't have extremely ridiculous expectations for this company, 34-35 in one year from now and i get 20% return...i'll take that chance. worst case it goes to 28.00 in one year and with dividend i'll break even. could be wrong but i like these odds. my nov-dec target 2016 is 34.50....good luck.
i didn't see this big of a drop coming, in all honesty i felt a good jobs number would drop us no more than $30 but it sliced through like butter. i held my nose and bought more today at 29.25, (30.41) thur. i'll hold for awhile and see what happens. the dividend SEEMS safe the earnings report wasn't that bad at all and all utes got killed today. tax loss selling and fed in december definitely could weigh short term. good luck to you!
Hope it wasn't your full position. Like you I see a longer term potential here, but the interest rate headwinds will keep the sector out of favor for the next 2-3 months. I'm looking at selling later next year. Put 1/3 on yesterday, 1/3 today, and 1/3 will yet to be determined. good luck.
I've followed this stock on and off for the past year. I feel it may have a little more room to the downside but it's longer term outlook still good. At least two mergers in utility sector this year.. (PNY, GAS)...although nat gas plays i feel this could be in play as well. fed and interest rates may pose a headwind near term, however there is no way they keep raising throughout 2016...good chance rate hike is factored in. also heard a study that says if rates hikes are slow utilities can and will rise....seems like there are a few who monitor this stock on here best of luck to you!
Cannot believe how much this stock has fared compared to it's competitors. DUK, SO, D, etc have done great the past 5 years while this thing continues to be stuck in a rut. even comparing it to just the xlu you see the severe underperformance. Thinking about taking a small position but will wait a bit longer. A rate hike could really take it to new 52 week lows.
Resources got acquired today by Southern Company (SO)....It's stories like these, along with a psychotic stock market moves that make me remember why I hold this stock as part of my portfolio. Good luck to anyone that may read this!
my worry is how will this strong dollar impact foreign travel to the city of lights if it's 20% more expensive to go than a year or two ago!
i meant las vegas sands earnings are wednesday. a big disappointment will definitely have a negative impact on pps imo.