(Total Views: 416)
Posted On: 12/15/2020 11:47:11 AM
Post# of 1020
aw shucks -looks like somebodies goldfish died again. I was valedictorian of my university -my best subject was logic - i knew the book before opening it and the professor like others practically fell out of his chair saying i had learned in two minutes what took a semester to teach.
Their is very little short term logic in the market. When my best friend dragged me into pennies to help him after the great recession destroyed his construction company I searched the penny market up and down for years, reading thousands of financial documents on thousands of pennies. I could not find a logical way to outshine or overcome the saturation of fraud that IS the market- fraud committed by big boys with their illegal insider knowledge, plus the mutant groups of shorters bashers flippers false whistle blowers targeting most morally virtuous good companies etc.
My money was usually on an undervalued undiscovered value stock under the radar somewhat like ZNOG. At .95 market value is 236.7 M. I've seen stocks valued as high as $20/share with no income and higher OS.
But so many are in a rush today. They get out their watch-the middle of the month is here and no news of spudding so sell sell. I saw this last thursday when i looked at the bid and ask positions and wondered why they would be so antsy -is there a better catalyst on another stock that would give the time and money boys a better value by the time we hear news of spudding?
But many play the market like a roulette wheel demanding instant profits and gratification, schooled by the internet and all kinds of tech and isms that feed the instant riches philosophy especially prevalent in active traders, rejecting the old school philosophy of work. They say "no toil for me -my purpose in life is to be filthy rich and live the pampered life of a rose garden."
Somebody who was flipping said on the basher board a week or so ago that at x dollars- i think he said 5 dollars, valuation would be 5B. But at 237 M shares valuation would be 1.185B at $5. I think he was playing down value to buy cheap and then flip as price rose.
PE for co's who have such is no longer grounded in reality anyway w such often reaching 40x.
Oil is up .5% last i looked today -immediately before writing this- the vaccine has reached the farthest corners of the lower 48 - for health workers only for now. That bodes well for oil demand as the pandemic now has a limited timeline due to herd immunity in maybe 6 months-Israel is near the forefront of countries w vaccine plans and counts 60%-recent article- as herd immunity whereas the usa counts 70% as such.
The one thing that could depress usa oil stocks and may be doing so today following election news yesterday is not going to pan out in my opinion and that of many other good guys. And even if it did I dont know how much that would affect ZN since ZN has no operations in the usa anyway.
Their is very little short term logic in the market. When my best friend dragged me into pennies to help him after the great recession destroyed his construction company I searched the penny market up and down for years, reading thousands of financial documents on thousands of pennies. I could not find a logical way to outshine or overcome the saturation of fraud that IS the market- fraud committed by big boys with their illegal insider knowledge, plus the mutant groups of shorters bashers flippers false whistle blowers targeting most morally virtuous good companies etc.
My money was usually on an undervalued undiscovered value stock under the radar somewhat like ZNOG. At .95 market value is 236.7 M. I've seen stocks valued as high as $20/share with no income and higher OS.
But so many are in a rush today. They get out their watch-the middle of the month is here and no news of spudding so sell sell. I saw this last thursday when i looked at the bid and ask positions and wondered why they would be so antsy -is there a better catalyst on another stock that would give the time and money boys a better value by the time we hear news of spudding?
But many play the market like a roulette wheel demanding instant profits and gratification, schooled by the internet and all kinds of tech and isms that feed the instant riches philosophy especially prevalent in active traders, rejecting the old school philosophy of work. They say "no toil for me -my purpose in life is to be filthy rich and live the pampered life of a rose garden."
Somebody who was flipping said on the basher board a week or so ago that at x dollars- i think he said 5 dollars, valuation would be 5B. But at 237 M shares valuation would be 1.185B at $5. I think he was playing down value to buy cheap and then flip as price rose.
PE for co's who have such is no longer grounded in reality anyway w such often reaching 40x.
Oil is up .5% last i looked today -immediately before writing this- the vaccine has reached the farthest corners of the lower 48 - for health workers only for now. That bodes well for oil demand as the pandemic now has a limited timeline due to herd immunity in maybe 6 months-Israel is near the forefront of countries w vaccine plans and counts 60%-recent article- as herd immunity whereas the usa counts 70% as such.
The one thing that could depress usa oil stocks and may be doing so today following election news yesterday is not going to pan out in my opinion and that of many other good guys. And even if it did I dont know how much that would affect ZN since ZN has no operations in the usa anyway.
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