Closed at 4.35 today. Unreal.TXAG14 said:
In at 3.40 DIS APR17 90 PUT
Closed at 4.35 today. Unreal.TXAG14 said:
In at 3.40 DIS APR17 90 PUT
McInnis 03 said:
OXY got cut in half. It's down more than it's worth. That's amazing.
I watched this all day after oldarmy's post. I don't understand.Foamcows said:
OVV at 2.22 and still no floor in sight...
george1992 said:
I'm going to put you guys, gals and in-betweens onto a stock that has made me a lot of money. It is Texas Pacific Land Trust. I'm part of a group that owns around 10% of the company. It trades under TPL. There is a lot of articles on the going ons lately for this company (considering converting to a c-corp, big fight over a trustee position etc). Things have settled down and our group has a representative on the Conversion Committee and that same person will likely be a board member once the company converts to a C corporation.
There is a lot of upside potential in this stock. It has traded as high as $915 recently and is currently trading around $620. There was a bad earnings report Q2 as a result of excessive legal fees. The majority of those fees are now gone and all lawsuits have been settled. The Q3 report was much better and now the stock appears to be back on a upward swing. I think it could hit $900 per share and then $2000 per share at the end of next year. At that point we will diversify away from this holding but still maintain a large position because we feel it can go much higher.
You can find some quick background on this company here:
http://www.tpltrust.com/
There is also a blog that keeps track of the comings and goings with the trust:
https://tpltblog.com/
It is a very lightly traded stock and the price of oil does affect the price of the stock. But its not an operating company is very different from the other mineral trusts out there. They have a water company, own a ton of land and most of the mineral interests of the trust have yet to be tapped.
PeekingDuck said:
There's nothing to understand right now. Markets are irrational.
Truth!O'Doyle Rules said:PeekingDuck said:
There's nothing to understand right now. Markets are irrational.
And they were irrational on the climb to 29k
BREwmaster said:
Short sale ban incoming?
IrishTxAggie said:
Enjoy the premiums and spreads.
BREwmaster said:
Short sale ban incoming?
2.50 in after hours.Red Pear Realty said:I watched this all day after oldarmy's post. I don't understand.Foamcows said:
OVV at 2.22 and still no floor in sight...
Gap down and if we rally, I suspect we are close to the bottom of this correction. JMOIrishTxAggie said:
Taking bets;
Gap up, gap down, or flat open?
The tasty boys were talking at the end of the day, they said this is exactly the close you want if you want a rally to come. They were thinking open slightly down and rally all day. They felt like this was a decent flush.IrishTxAggie said:
Taking bets;
Gap up, gap down, or flat open?
2700 is a solid number but even if we violate it, I believe 2600 is worst case scenario. I'm not saying we rebound quickly but I think this correction is about to put in a floor. JMO.IrishTxAggie said:
Going for the 2700 ya think?
O'Doyle Rules said:PeekingDuck said:
There's nothing to understand right now. Markets are irrational.
And they were irrational on the climb to 29k
O'Doyle Rules said:PeekingDuck said:
There's nothing to understand right now. Markets are irrational.
And they were irrational on the climb to 29k
leoj said:
Italy economy is so screwed. They can never get anything going.
Aggie95 said:
The markets are irrational...but where in the world are you going to make anything on an investment long term? Savings acct? ya, right
CD's ? nope
Real Estate - possibly but that is just as inflated as stock market.
There is no alternative currently or in the future. Am I wrong?