Update on this: Fed talk has lowered the stock price not the stock. Concerns and sentiments fade away. Just give this time, more time than you would want. All stocks have been impacted by yesterdays fed talk. I am still Bull on Val
i seem to be going down with the ship.. any suggestions?
spursvestor
⋅
@Glynn_Ingrum right now it had significant drop in on balance volume. I wouldn’t sell right now if your trying to get out. I’m still holding even though I am aware this stock was pumped early. My bet is this company does not go bankrupt and when they announce they are not filing for it. The stock will jump.
stockmathy
⋅
Thanks for the analysis. Bag holder at $1.27
spursvestor
⋅
Don’t worry. Sit back hold it.
bryanong28
⋅
@spursvestor, do you think their q2 earnings will bring the stock further down?
spursvestor
⋅
@bryanong28, Earnings calls usually have some impact to stock but Remember alot of stocks have expectations priced into the stock prior to earnings calls. In the case of Val, and most oil companies earnings are expected to be down. The magnitude of how far it is off may have some impact. I believe it will be priced in prior to earnings. this company like alot oil companies are not doing well. Earnings will be in the negative most investors know this. basically you will see the dip before the call unless the call shows earnings that are out of this world low. suggesting bankruptcy. This company has not declared bankruptcy. Lets be clear on that.
spursvestor
⋅
@bryanong28, in simple terms if the stock does drop it will be before the call. Otherwise my personal opinion is the call wont change anything. From what I see this company has been pretty honest about its books. The stocks are already priced for that.