some people don't know better.
great speech medcem but if Gini took a pay cut it would scare me. I would have to sell my shares since the pay cut would indicate that the company is indeed losing money. However, by the time a CEO takes a cut the bad news was baked into the stock price and that price was reduced big time.
"Any ideas why slow to correct?" Marfly the correction is here and has been ongoing. Just because RDS is 'holding' in the $65 range does not mean all is well and good. This stock is really at $55.00 at todays realistic value based on the ongoing inflation and the QE's. You CANNOT buy ANYTHING today for the same dollar value of 2012. Forget for a moment that when a correction occurs that the Dow should go to 13000. Todays Dow at 14.900 is realistically 13000 based on the overall costs of housing, buying houses, renting, buying autos, buying vegetables, buying insurance etc. You ARE in a correction and don't know it only because the numerical symbols don't equate. Everybody is waiting for a 'correction' but we don't realize that we're in it. Went to the supermarket and compared my receipt (apples to apples) and I paid 15% more than last year. Cars are 10-20% more than last year. Housing costs OVERALL are 10-15% higher. There in a nutshell is your correction.
got news for you. Cloud computing is not the future. Its here now. You might even be using it without knowing. Got more news for you. When is the last time that IBM made a mistake in their purchases? AND......don't you think that IBM knows about 'razor thin' profit margins? All of a sudden they're idiots? Give me a break.
mathematically you are correct. But a parabolic can be looked upon as a geometric term or a parable. In todays investing climate your parabolic is a parable. Remember the basic ......"past history does not determine the future."
I spend my time on this msg board because I'm bored and have nothing better to do except count my money. Wait !!!! the game is starting ! I wonder what LeBron will do !! How 'bout the center from the Pacers !!
yes Shasta, the market looks frothy but remember that the Fed's QE's are feeding the market with devalued dollars. So what looks frothy is not since the dollars' value has taken a huge hit. For example......RDS closed at 66.85 today but in real dollar value its closer to 55.85 . Lets be realistic. go to the supermarket and compare prices from one year ago. Look at the automobile ads and compare those prices and etc. etc. Housing prices up? Why? Did they install an extra refrigerator in the kitchen? In my mind the stock market "correction" is TAKING place as we speak since you cannot buy an item today for the same dollar amount of 6 months ago. A sandwich at the local deli is up by $1.00 . Did they put extra cheese in it?
that is all so true. I simply have to pull the trigger and sell my shares. Do you realize what my capital gains tax will be? I'm getting sick just thinking about it.
I worked for the company and they had a great stock options plan. Your purchase price was at 85% and if the stock was down, you never bought for less than the price you optioned in on that day. The stock would rocket up to and beyond 200 for example but your option date/price was based on 100. You payed 85% of 100 for the year for a stock that was listed at 200.
I held but its very boring. Just collecting a dividend check is not exciting. I'm thinking of selling but the capital gains tax would kill me.