RE:RE:RE:RE:RE:Everything except ONE! SGY is 80% below it's high...LOL...you are truly missing tHe narrative...
I am certain the people sitting with an average cost of $2.50 pre-split will love the tax ineffectiveness of the dividend...many are trapped in this stock with an unrealized loss and will now get hit with a tax bill for the dividend...
Not an issue for me...as I am up on the stock
GLTA
stocks123ST wrote: Bayboy...........
AGAIN, go read the WHOLE missive.
I said the low is around $3 BUTTTTTTTTT that the 200dma is around $6!!!!
The way it works, is that everyday, for at least SGY, the low will be HIGHER!!!
That means that SGY will not be buying at the top and wasting money to goose its stock.
but buying at lower prices i.e. buying low and even lower, rather than buying high and even
buying higher.
Rules of investing:
BUY LOW AND SELL HIGH!!!
I can only conclude that you just want SGY to waste its resources chasing after stock performance.
Stock performance should be measured buy proper allocation of capital. If SGY bought share now
what should they do if/when the price goes down.
Many companies waste their excess capital, to make mgnt look good for one, two or three quarters, by buying their stock as it continues to make ' new highs '.
Look at INTC, years ago, they wasted their excess capital to buy back shares... ALL the way up to
$71 US.
Then the stock crashed to just over $10!!!
Bayboy, you are here for a quick gain. You have your gain and I would say soon after this weakness
in the market is over, we shall have a sharp snap back and SGY will be higher and you can cash
out. But after that, if the market goes back down, the price of SGY stock could go to the 200 dma,
which would be a better price to buy back some shares..,
At $6, SGY will be buying a stock that is yielding about 7%, instead of 4% or even less!!!
At $6, you might want to get back in for a 7% yield...
I expect SGY to go as high as $14 before we get the correction...