We will see pop, drop and rebound. I think low 40's is now a reliable floor. Don't sell tomorrow. The smart thing will be to buy if it dips at all. I have my 2.5% position. I'm green. I'll just watch.
XOM will not buy BP. Nobody will buy BP until the gov't gets off their back and that isn't going to happen for years...if ever. As long as BP is breathing the gov't will be on 'em.....gov't is like a parasite...it will latch on and drip, drip, drip cash from BP. Gov't doesn't want to kill BP...just feed off of 'em. Like the tobacco industry.
The sky is not falling. Watch. The Fed is going to blink on raising interest rates. They're going to blink.....and we will be off to the races again.
Not a bad trade. GLTU.
I like selling puts on these high flyers. You either bank the option premium or get a better price of a stock that's beaten down.
I don't see you having a big downside there....notwithstanding the world can blow up at any minute and the whole market could get creamed. That is your biggest risk...albeit small.
Steve Wynn owns 19% of the company. He pulls down something like $100 mil./yr. in dividends at the current rate. For some odd reason, why would he jeopardize the financial stability of the his own company for the dividend stream when he owns tens of millions of shares?
To me, he knows the borrowing for dividends (if in fact he's really doing that) is short lived. He knows. He knows. Keep the dividends up and wait for the Macau revenues to ramp back up. One way or the other Steve Wynn wins. I'm OK following his lead.
Hold the shares. Collect the dividend. Wait. Everything will be fine.
If the market/world economy goes kaflooie....well....then all stocks...all bets are off.
Nope. Not gonna see $70 this year. $55 is good bet though.
$50s this year. $60s next. BHP will be $100 when the dollar gives it up. Probably not until after U.S 2016 election. In 2017 to 2019 the poopy is going to hit the fan. Gold and commodities will soar. Oil too. When the money printing goes kaflooie...and it will....that's when BHP will go crazy.
In the mean time, hold it, reinvest the dividend. Sleep tight...don't let the bedbugs bite.
With AT&T buying DirectTV I'm thinking Dish could be attractive....throw in SATS. I'm just thinking bigger companies could fold SATS into their stable.
Actually, you're a liar. You're short and got hosed. Now you're lying about it.
"It went up and went down a little then went back up. I shorted covered and now I made $1000 on shorting $$127,0000 worth of stock."
Do you know how stupid you sound?
I bought 263 shares at $122.06 yesterday afternoon. That's true. I'm holding.
I own ABX....but here is really what we own. ABX mines about 6.5 million oz. of gold/yr. That comes out to a block of gold a little over 7 ft tall, wide and deep.
All they do. The land, the holes they dig, the trucks, smelters (or whatever they are) the end product is a block of gold a little over 7 ft./side.
It's somewhere in the $7-8 billion worth of gold.
It's a speck. An absolute speck of the Earth. They go to all that trouble and spend billions of dollars to mine a teeny, tiny speck of a rare element of the Earth. It's not a very big block....but it weighs a lot. That is one heavy mother eff'er of a block of metal.
Now what? What's it worth? Why? Who wants it? Why? What do you do with it? Yeah, a little is used in industrial and medical thingys...and a fair amount is made into jewelry, but it hardly seems worth all the time, money and effort just for shiny things that make us smile. How much is a smile worth...really.
No....most of it just sits in vaults. It's coveted for what it psychologically and metaphorically means as a measurement of wealth...of value....of real tangible, hold-it-in-your-hands-and-be-able-to-go-anywhere-in-the-world-and-trade-it-for-something-else. It's money...real money...everywhere.
Fascinating really. When you think about it.
Read up. 1/2 of their dividend is "return of capital". Beware the k-1.
The margin on a $10 k Apple watch must be enormous. I don't know how many they'll sell, but they will mint profits with it.
Goldman is a big hedge fund. They are looking to speed up the big flush. If they are predicting $40 it will turn around at $43. Don't buy into the story. GS loves to tell stories.
This is bad. ABX is going lower. Someone needs to throw a shovel of dirt under her. I suspect a bottom will come when the 1st interest rate hike occurs and the dollar starts to correct.
I'm not buying any more. I'm full of ABX.
It's not going out of business and when it turns it will be a slow slog to get back to $20.
I do believe if you just hold it...in 5 yrs it will be $50/sh.
I doubt $12. The bottom is in or basically near. The problem is....going up. Me suspects CHK is down here for a while. Unless.....unless....some big guy steps in and buys the whole kit and caboodle. Maybe even a rumor.......can get it off the bottom.
Really. And you're the only one who seems to have noticed. All those analyst out there and they don't know this? Hmmmm.....
Our only hope here is that someone comes along and puts us out of our misery and buys CHK for $25.
If you have a gain....I had about a 50% so far...I would schnitzel a little profit. I sold 1/3 of my position last week. Let the rest ride. I'm not adding. ONNN has moved up nicely, but I think it's fully valued right now with an optimistic forward look. I might buy more on a dip. If I did not own any ONNN yet, I might start a position here, but wouldn't take a big bite at almost $13#$%$ will come back some, before it moves higher. Earnings season is over. The market is at all time highs (nearly). I'm trimming my sales these days and looking for better bargains. I own ONNN in a tax deferred account so taxes are not an issue for me.
I have owned NLY for 4 yrs and have an annual avg. return of 2%. Dripping all my dividends. Same as a 10 yr bond or thereabouts. It's a lousy stock but I haven't wanted bonds. I still say NLY over 10 yrs beats the 10 yr. that's how I've always looked at it.
Sorry LL shareholders. I'm watching the 60 Minutes story. I'm not a shareholder but many times the last couple years I wish I was.
But not now. Book value is around $4/ sh. I wouldn't touch LL until it hits the teens. Either 3x book or .5 sales. Sales are going to drop like a rock.
This is sad. I'm not short either, but I wish I was. I could see LL down 20% this week.