Been sitting on my thumbs for long enough on this one. Sure has taken a shelacing of late.Oil between 25 and 30 will keep things strong for Oil ServicesTC
Are you an idiot?Have looked at a graph of BHI over the past 5 years?Bail Now! Buy back when it goes under 20.Oil Services are classic Cyclical stocks, and BHI is right now at the TOP of the cycle. This is not a stock you buy on strengh. Discloser: I own BHI stock 'cause I'm an employee, been in the oil industry for 20yrs.Take that thumb, and stick it up ur *ss. Hold on to your cash, and wait till the market settles out..
Rarely look at five year chart my fine friendI really enjoyed the almost 20% gain less than a couple of weeks.http://www.clearstation.com/cgi-bin/details?Symbol=bhi&Refer=http://www.clearstation.com/Thanks for your very kind thought and words of encouragement. Are you the company doctor??Best of the holiday season to youTC
I do not know Ronbo, nor have I been in oil more than a few years, aside from his comment about your thumbs he's essentially right. I own stock through the employee purchase program here in BHI as well, or, I did. I had bought at 17 and sold at 39, which is a rather more substantial gain than 20%. Doubling your money in a relative short time isn't very difficult, in the last 5 years BHI stock as sunk close to the teens (if not IN the teens) and has gone to the mid-high 40's. No, I didn't look at a 5 year graph, the first day on the job the people told me this straight out (selling me on the stock purchase program). Like one of my earlier posts, and in congruance with Ronbo, this company's stock value is very cyclical... it makes sense to buy in the teens-20 range, hold on for a few years and cash out in the high 30's, or if you're real patient 40s. Right now with everyone drilling around the world business is good... although a lot of 99 showed us how far things can go down. It'll happen again...Don't take my word for it (or Ronbo's)--check out the mystical 5 year graph. :)
I worked at BHI for 2.5 years and spend my time in the oil patch in general. Senor Mcauley was probably a little harsh in dealing with Senor Ronbo, but I concur with Imaginos. His analysis was correct, if a bit direct. You can make good money investing in BHI or other oil field service stocks: I would buy BJ Services or Schlumberger before BHI in terms of the quality of the company, and I would stay away from Halliburton. Still you can buy BHI in the teens and sell in the 30s. It is a time-honored low risk investment strategy. Buying now is the wrong time.
Still a strong stock..BHI is.. Ungoy, how else should one respond to the absolute ridiculousness of Dr. RonboTC
His comments about BHI are not ridiculous. BHI may plateau at 45, and maybe astonish us all and hit 50, but if you looks at history and even the previous posts made by myself and others you'll realize that BHI ranges 20-50 historically.Ronbo may have been a bit rude to you, but he was trying to do you a favor. I wouldn't buy BHI over 22... I know how it is. The value of this stock hinges on OIL ACTIVITY around the WORLD. Oil activity is up. If OPEC jingles its keys BHI stock goes down. Oil recession? BHI goes down. Mid-East & off-shore oil rigs start drilling? BHI goes up.I doubled my money in BHI by buying under 20. I don't know Ronbo but I would bet he's made money off of buying this one low and selling high, especially with our employee discount. I'm not going to be rude, but it amazes me you started your reply with a slight taunt "still a strong stock." It's your money, and I hope you are right and it keeps going up, up, and away (especially since my livelihood is tied to this company). But, being part of BHI, knowing it's history, and seeing the way the company operates, this stock will go down again. If you hang on to this during another recession you're going to lose money. If you bought at 38, I would be AMAZED if you at any point in time make more than 12 dollars per share (gross) selling it.Dividends....? That's dependent on OIL ACTIVITY, too. BHI is enjoying its time in the sun right now... where's your money going to be when it is time to go back under a rock?
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