how much should OXY stands in Market
$Occidental Petroleum(OXY.US$
Given the market sentiment change, One must ask how much lower can OXY has to go to reach market floor. Since there is no earning for OXY, then the only approximate factor one can consider is P/S.
OXY has a P/S range of 0.41-0.72 with average of 0.57....... However currently market P/S is 0.95, it is way overbought. IMHO, given that sales will still decline in next year, the P/S should be somewhere around 0.7 or less. This translate to a healthy market valuation of $15-16. Those who still hold on the stock will see stock going down further. This is not a market correction, it is a correction of single stock which has been hyped!
Given the market sentiment change, One must ask how much lower can OXY has to go to reach market floor. Since there is no earning for OXY, then the only approximate factor one can consider is P/S.
OXY has a P/S range of 0.41-0.72 with average of 0.57....... However currently market P/S is 0.95, it is way overbought. IMHO, given that sales will still decline in next year, the P/S should be somewhere around 0.7 or less. This translate to a healthy market valuation of $15-16. Those who still hold on the stock will see stock going down further. This is not a market correction, it is a correction of single stock which has been hyped!
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70200701 : Buy now
70200701 : Time to buy it
70200701 : About 3 weeks or a month real good
70903428 : The price is based on the future not the past
Th Scott : today going to be able to produce you should go for ways but we can't really over flood you know what that does it makes more work for Bitcoin
Th Scott : well if we good all market dreams then we'd all be rich then again I'd still be the richest man in the world he is mine's the only ones I can tell you the future