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doc47

doc47
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  • Ensco Beats, Stock Drops [View article]
    I already told your: It's going to suck for a good while. Your latest comment shows you know this. Why would you or anyone in their right mind buy a stock now, "betting on the come" in 2017 or beyond????
    Aug 2, 2015. 06:46 PM | Likes Like |Link to Comment
  • Ensco Plc: Commentary On The 2nd-Quarter Results And July Fleet Status [View article]
    I agree with most of what you say here, except the Oct. prediction. I see no sense in trying to pick a bottom or "near bottom" on a loser stock. I and others have begged people to stay away and/or use covered calls on existing positions on ESV. I see/read the same nonsensical approaches on stocks like Vale and Gold Corp. You are infinitely better off keeping your powder dry and missing the bottom and the first 10 to 15% of a sustained up move than catching a falling knife and hoping only to get scratched a little. Contributors and commenters have been wrongly predicting a "near bottom" in this stock for almost a year now; for Vale and Gold Corp it has been 3 years.
    Aug 2, 2015. 12:51 PM | 2 Likes Like |Link to Comment
  • Ensco Beats, Stock Drops [View article]
    I've been telling people to sell and/or not buy this stock on SA since it was in the 30s. The stock was in the $40 to $50 range not that long ago. So some of the people here have sat around and pounded the table for it when it was about 80% higher. It is going nowhere until the oil industry as a whole turns around and the company starts seeing decent demand , not cancellations, for their rigs. That isn't happening this year.
    Aug 2, 2015. 10:03 AM | Likes Like |Link to Comment
  • Goldcorp Is Near Its Bottom [View article]
    I'm maxed out between this guy and Vale. I was late to the party on the latter, but made up for lost time!
    Aug 1, 2015. 07:22 PM | Likes Like |Link to Comment
  • Ensco Beats, Stock Drops [View article]
    Thanks yr.. I've been saying exactly the same thing about this stock and industry for almost a year now. I sold 75% of my ESV and I've used covered calls on the rest to ease the pain. Wait until the company and its industry show meaningful changes for the better before reinvesting. You miss the first 10 to 15% up but its better than riding it 80%+ down. By the way, the same goes for all the Vale iron ore and gold miner lovers out there. Good luck!
    Aug 1, 2015. 10:24 AM | Likes Like |Link to Comment
  • Goldcorp Is Near Its Bottom [View article]
    Hey 603…, I told you this would happen! I guess he is right in a way--the stock is getting close to zero! Is this one of the "GG is a steal under $20" guys?
    Aug 1, 2015. 09:23 AM | Likes Like |Link to Comment
  • Goldcorp Reports Solid Second Quarter Results, But Cuts Dividend - My Thoughts [View article]
    Too bad they made at least as many purchases as sales this year. As usual, management is out of touch with reality and the price of the stock reflects it.
    Jul 31, 2015. 02:38 PM | Likes Like |Link to Comment
  • Vale: Another Record Does Not Make It A Buy [View article]
    We do know better and we told you so! This author, myself and many others have been warning against this loser for years. It was $20+ when I started saying. "Sell." The bulls here (both contributors and commenters) who drank the Kool-Ade and bought the stock have been wrong for a long time. Some will never get their loses back in this lifetime, none of them will do better than those that simply bought the major averages via ETFs etc., and almost none them will do better than someone picking stocks by throwing darts at the Wall Street Journal's stock pages.
    Jul 31, 2015. 11:48 AM | 1 Like Like |Link to Comment
  • Goldcorp cuts dividend by 60% but eyes improved output [View news story]
    Absolutely right 603… We've both said the same thing for years here, yet within the next week or so some nitwit will come out with a "Buy GG, It's bottom…" story as if this were the first time he/she has been bullish on the stock in the last few years. Also, I don't see any sign of management bragging about their last few acquisitions (at a higher price of course).
    Jul 30, 2015. 12:48 PM | Likes Like |Link to Comment
  • BP Q2 Earnings Review: Good News And Bad News [View article]
    The vast majority of "downer articles" have been right on the money about how the lawsuits, etc, would play out and right about BP's stock price. You should be pissed at the hypers that told you BP was "..a steal under $50…" Now some of those same "contributors" will be back and acting as if they never made a bullish comment on BP when it was significantly higher.
    Jul 29, 2015. 02:42 PM | 2 Likes Like |Link to Comment
  • Vale Benefits From Brazilian Currency Depreciation [View article]
    Less than a year ago some of the the same people here were telling us Vale was a buy under $15, and less than 6 months ago they were pounding the tables to " buy Vale under $8!!!
    Jul 28, 2015. 10:45 AM | Likes Like |Link to Comment
  • BDCs At 52-Week Lows Before Q2 2015 Earnings [View article]
    This year has proven to be a stockpicker's market. Far less than 50% of the S&P 500 and Russell 2000 stocks are up this year. As you point out few if any BDCs are among the winners. There is no hint that this trend is ending. Choose your stocks carefully and have plenty of cash. By the way, stocks like TCAP that you show "not near their yearly lows" are in that spot because they dropped so much the previous year, not because they've been a relatively good buy this year.
    Jul 28, 2015. 09:41 AM | Likes Like |Link to Comment
  • Alstom to take €300M hit to help GE sale approval [View news story]
    I'm with you. As presented here, story makes no sense. Why would Europe punish Alstom and help GE buy the former's assets for $300 million less?
    Jul 27, 2015. 02:21 PM | 4 Likes Like |Link to Comment
  • BP set to take last $10B hit from Gulf oil spill [View news story]
    Thanks for the heads up and sorry I wasn't clear. I was referring to all the other lawsuits outside the 2010 gulf disaster. There are a few major ones and god knows how many small ones.
    Jul 27, 2015. 02:16 PM | Likes Like |Link to Comment
  • Why China Adds Unprecedented Strategic Value To Apple [View article]
    I just hope the author is right with his call for "...$136 by year end…" I have sold Jan $140s at $3+/share against 75% of my position. I recommend covered calls for part or all of almost any tech position in this market. Good Luck to all!
    Jul 27, 2015. 12:26 PM | Likes Like |Link to Comment
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