To: The Ox who wrote (4609) | 11/2/2017 11:51:08 AM | From: richardred | | | The stock is moving down more today in anticipation of bad earnings . The biggest blocks are mostly down-ticks. I will be watching tomorrow to see if their will be some dumping by institutions. This might create an opportunity IMO. TEVA is down double digits today and I suspect ACET could be to, on a negative release. |
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To: richardred who wrote (4615) | 11/2/2017 11:55:24 AM | From: The Ox | | | It could be that some are expecting a "kitchen sink" type of quarter with the recent change in upper management? Might be too early for that but it does appear that a significant "run for the hills" action has occurred over the past couple of weeks! |
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To: The Ox who wrote (4616) | 11/2/2017 12:16:40 PM | From: richardred | | | I could be wrong. However I'm figuring even if the company can earn a buck next year. FWIW-If my worst case guesstimate is right? A PE 8 or 9 times forward earnings with a 2%+ covered dividend isn't to bad for myself moving forward. Especially in current market conditions. Some story stocks like IMPINJ and Tesla are taking some hits today. IMO if and when the market does correct. Low PE stocks will take a hit, but not as hard as story stocks and ones that have unrealized gains. RE-High PE's & momentum run ups. |
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To: The Ox who wrote (4619) | 11/3/2017 10:50:21 AM | From: richardred | | | Having a good year so far with the portfolio. The update came out today. I'm happy if I beat the averages. Adding to some depressed CTG today.
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