What is 1yr target? Buy/Sell/Hold recommendation?
Answers
399 points
Sharkgod answered 8 months ago …
Sorry but your question is not pertinent to anything. 1 year target for what? Buy/Hold what? Gold? Silver? stocks? bonds? pork bellies? diamonds? ETF's?
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312 points
Market101 answered 8 months ago …
Sharkgod, I think he's referring to the stock symbol at the bottom of the question: IOC (Interoil Corp.). I for one don't know much about this sector but if you're looking to play the oil commodity then you can do so without committing to the risk of an individual equity by buying an oil-ETF. Check out OIL
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Sharkgod answered 8 months ago …
I see, thanks. Market 101, your answer is better than mine. ;->
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678 points
BoxCar answered 8 months ago …
IOC is back up to the Vol.x Price support ledge where it was May thru Oct 2008
Since theres 2 strong ledges between 25 & 30, its most likely to hang up there
for next quarter. If it was me, I'd take a profit, at least enough to recoup original
investment you made at 12.5, so sell half of it. That way you can't lose and you
can reinvest in another underpriced stock you think will increase in shorter time
3963 points
MNSL answered 8 months ago …
It totally depends on the global economic situation, oil price and demand and other factors.
If you can identify that this company is going to make profit in the next 12 months and next financial year and beyond you must hold it for the long run in addition to buying more and more in every market weakness.
If you we know that oil is going to trade below $30 in the next 12 months, next 03 years and demand destruction will be worse than now you must sell IOC. I addition if company fundamentals are weak you must sell before it too late.
This is the time to sell some stocks, time to buy undervalued quality stocks and time to hold some stocks to take advantage in the sector oriented bull markets in the next 05 years.
731 points
thinker70 answered 8 months ago …
First of all, how long have you held the stock, and WHY you have a one year target, would be KEY questions to be able to give a definitive answer.
If you are only considering buying it NOW, as opposed to HOLDING a stock you already have, then the KEY question is where you think the oil market is going in the next year! The next question I would ask is whether that stock is the best to play that sector?
It is usually a good strategy to have a trailing stop to get you out of a stock at no more than 20% below its peak, or to have a price target at which you will sell, either by percentage on what you paid, or a specific dollar point.
Since Russia and OPEC depend on their exports of crude for their national commitments they will no doubt take steps (as they already have) to try and shove the market price back up into a range between $75.-$80. and you think that is where the market will be in a year, you then can calculate based on the companies reserves and estimated production where the share price is likely to go.
