They are having some kind of conference call later today 11-01-07. I've read that this will cause heavy trading. At the end of the day will the result of all this trading be that the value has increased or will it be depreciated somehow? I guess the root question is if one had a lot of XOM stock would tomorrow be a good day to dump some out?
You really can't tell what will happen. CFC said they lost more than a billion dollars this last quarter but said that they think they will make money the next quarter. The stock rose like 20%. Other stocks say they will made money but revenues will decrease next quarter and then the stock will dive hard.
I would hold onto XOM because they pay nicer dividends. It even has outdone IBM because of a slow steady stock growth and higher dividends.
I would hold onto XOM because they pay nicer dividends. It even has outdone IBM because of a slow steady stock growth and higher dividends.
The market doesn't move based on what you made. It moves on surprises and positive/negative forcasts of the future.
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