Agreed. I don't like this action either. Methinks the drop in energy stocks is not over. CHK giving it back. COP off the intraday high. Most energy stocks the same. I don't want it to go down anymore, but I'm thinking the $58 area (back to 5% yield) will be a place for a solid bounce.
BP has an extensive refining business as well. As dropping oil prices hurts the drilling side of the business, the lower cost of crude increases the margins in the refining business. I suspect earnings will not be impacted as much as you might think.
I'm more worried about COP (another of my big oil holdings). They sold or spun off most of their refining business a couple years ago as Philips 66. COP doesn't have the backstop of increased refining profits. BP does.
Whoopee. So now, $2300 has been put into HIPP shares. Supply and demand......that's all you need to know. Supply in Hipp? Enormous. Demand? Essentially nil.
And remember......when AUGT bought Hipcricket 3 years ago that company was already doing $10 mil in annual sales. HIPP is doing $7 mil per qtr....but the original Hipcricket was doing $2.5 mil before that.
This new HIPP/old AUGT has only added about $4 mil per qtr in new business over the last 3 years. That's essentially nothing.
Next dividend isn't due until December. Many, many shareholders DRIP this company's dividend. I can absolutely guarantee you the company does not want to pay out dividends with the stock this cheap. I do not foresee a dividend cut unless oil prices are looking to stay in the 70's for a year. So I can see BP back to $45 by Dec. dividend payment period.
It will be a $60 stock next year. Promise.
5% yield seems almost a given....I'd agree that $58-ish is likely. I've owned the stock and dripped the dividends since it was in the $40's. At least since 2010. Havn't sold a share.
Mercy, I'd be surprised if it got back down there.....but if it does....I hope I have the guts to buy more. COP around $50/sh would be unbelievable.
The book value of this stock has been held up by "goodwill" and "intangibles" for years. It was always about the patents and intellectual property they claimed to own.
The market has been screaming out for the last 2 years that those values are nonexistent. So....the company had to wipe them off the books. HIPP....or as I used to know it AUGT.....has no assets....to speak of. Their sales are dropping. Their bookings are dropping. They don't make money. They can't. They've tried....but can't.
They will reverse split now and get back to $2. It will be under $1 within weeks of that. I give it 6 mos. (if they survive that long) and the stock will be back to .20-.30 cents. Truly......a penny stock.
There are a lot of great "values" out there right now, but I'm not buying anything. I'm resisting the urge to sell things. When they take AAPL to the woodshed I might be tempted to start buying.
This drop in oil prices and energy stocks is all about Ukraine and Putin. I don't know how they're doing it but the govt and the big financial institutions are manipulating the oil markets to bleed Russia of cash. Can't in force sanctions. Can't supply Ukraine with enough oil and gas from the west to hurt Russia. The only thing that will work is to crater the cost of oil and gas and starve Putin and Russia of cash. They won't shut Ukraine off as prices keep plummeting. That would be even worse.
Oil prices and stocks will recover when Putin cries "uncle". No he won't whine or say sorry. He'll just quietly step away from Ukraine and return to the status quo. Not yet.....eventually. It's going to be awhile. Be prepared. JMHO.
Unbelieveable. I said $164.90. Iwish I could actually trade off this ability.
I'll bet you PCLN will be back above $1100 next week.
Looks like $1075 is where they want to battle this out. I'm still holding to a $1065 ish close. But $1075 looks like the line in the sand.
Just got that $5 back to almost $1180....but now dropping back again. Oh how they tease you. Suck you in. It's going to be cruel at the end today. How do they sleep at night? They don't actually do anything. They don't make anything. They don't save anyone's life or invent some great device. They just play on a computer and trap people for money. The "money changers".
Down another $1 in 3 minutes. MIght see a little bounce when it touches $1070. Might see it gain $5 back.....but I can easily see a big old flush at 3:55 that will wipe out the 1075s and the 1070s and maybe the 1065s
People have forgotten 2008-9. This hasn't even really started rolling yet.
DOW will go back to 14000. S&P 1400. Still got a ton....A TON.....of downside to go.
Wait til they start going after AAPL. AAPL will go back to $70's before this ends. GILD will drop $30. Just wait.
GSAT....even if it gets FCC approval isn't ever going to see $4...ever again. I know it and I own the stock.
I find it fascinating how they're pinning this puppy all over the $1080-90 area to wipe out the options traders. It's going to close below $1070 today. Down $30 or more. There are some absolutely ruthless, heartless traders out there. Kill those puts. Kill those calls. You can write 'em or buy 'em. Doesn't matter you're losing it all today.
The bottom line the GSAT management said nothing that they havn't been saying from the beginning. The only thing that will matter will be FCC approval of TLPS.
Until then, the stock will continue to fall until it finds some level where buyers think it's worth putting a bid in on and the shorts don't see any more use to keep shorting. MY guess? $1.00