Woods is another Immelt. A great American company ran into the ground.
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The way EM acts around spending and planning when things are normal, when oil is high again will place hold the company back in the future. What is done now affects the future. Leadership seems to forget that oil’s future is bleaker than in the past and should hedge itself against such. They forget and and act like there is no tomorrow.
There is a distinct line dividing character in this company versus GE. Don’t think we will place pillows under you now that you are the one peaking over the edge.
Sorry, it’s your turn fall and bounce off the ground.
GME would’ve been a great play today. +103% for the day and +25% after hours 😂
I’d ignore people who would rather mock others than challenge themselves to break away from the herd. Not worth the time and effort. Let them be happy in their bubble.
You’re out of XOM. It’s time to leave this site and its toxicity.
That honor goes to Dan Zanger. He made 29,000% in less than 2 years.
Folks, we are in the presence of sheer genius. Here on the EM layoff board. A mere mortal who vastly exceeds the returns of even the most successful investors in all of history combined, and does it all in one day each week. And once he reaches the pinnacle of his performance at $4M, he will stop with these fantastic returns and instead shift to a Vanguard ETF. An amazing and inspiring story. Rings true to me!
Wish I’d been as confident about MVIS as the guy who invested 300k into it when it was a penny stock last year. I’d be knocking on the 1% club by now.
If I hit my weekly target early and I close out my positions, I take the rest of the week off. I didn’t retire early to bury myself in more work.
I sense the sarcasm, but...
At this point, I only allocate 25% of my portfolio for speculative plays. I’m not a complete mo–n. Currently averaging 15% returns weekly, although two small plays did double within 24h in the last three weeks. Nice tendies. Today’s dip was another great buying opportunity.
To hit 1000%, I only need weekly returns of 4.53%, which is more doable than people seem to realize.
I am confused. At those 1000% returns you get, why will it take 2 years? Isn’t it more like one month?
You’re right. I plan to grow that portfolio to 3-4M before I put everything into Vanguard ETFs. 2021 still has lots of opportunities for growth, so I’m hoping another 1-2 years of trading will do it.
There are some contradictions here. The EM supporters say the pay here is amazing and that’s why they put up with the stress and abuse. Yet a millennial with a healthy investment portfolio is called a liar. So, are EM employees paid well or not? Or perhaps the angry poster isn’t American and thinks that’s impossible unless you’re a CL32 exec?
BTW, 2M isn’t that much these days. With a 4% SWR, that’s only 80k/a.
Let’s be real here, vast majority of retail investors are dumping a couple grand in speculative stocks and may come out slightly richer, but not millions rich. There will be always be bias towards those that made a fortune, but remember for every “I’m a millionaire from the stock market”, there are a ton of losers that you don’t hear about.
Do as you wish, but you paint with a very broad brush. There are both jerks and good people at all levels of every company, organization, club, etc. Certainly true at EM. You don’t have to be a bad person to be very successful at EM. Many are, but not all. It is harder to be successful if you are not a Type A that rolls over anything in their path, but there are some genuinely good execs at EM who care about employees and admit that EM has some real problems. Hard to change EM, but they try to chip away.
And there is nothing inherently bad about being extremely well paid, including bonuses. Believe me, these are hard earned. Some people leave a trail of bodies in their wake as they climb the ladder, and all execs have some shoe prints and a few knives in their backs. Everyone gets some, but not everyone leaves them. I also don’t see how some people sleep at night, but that’s their problem. I can only control what I do.
A lot of talk on this forum is either trolls, or people jerking troll’s chains to watch their heads explode. Would be short-sighted to form opinions about a group of people that you don’t even know firsthand based on the nonsense you read here. Just something to think about.
Don’t be sore. Console yourself with your XOM RSUs and that 10% dividend.
Yeah sure. I bought $200k of AABB at 2 cents and now it is worth a hundred catrillion dollars. Ain’t me smart? And I ain’t 15 years of age as yet. My daddy bought twice that, so we is rich now. And he is only 23 next month.
Lol. A buddy bought into AABB last month. His 35k investment is now 1 million.
Great. And how many people make it to executive level? How many years of s—ing up and backstabbing are required to get there? Don’t know about you, but I need to be able to look at myself in the mirror. You go ahead and slave away for 40 years for those XOM RSUs. I’d rather take the profits from my speculative plays, retire now and spend quality time with the fam.
Don’t feel inadequate because you couldn’t get to 2M before 40.
What a joke. These aren’t investments. If you are into total speculation, there are other options with much better odds, but hey, I couldn’t care less if you get rich or go broke.
Did you really think that googling and listing these “winners” would fool anybody into thinking you actually own them? No chance, but fantasy is satisfying for some.
Hey dude, I got $2M and I am under 40. LOL. First, not true, but even if it was, that’s maybe 2 years of executive salary and bonuses. You know the best thing about having EM stock? When you have lots and didn’t pay a penny for any of it. Infinite return. LOL
Why even bother with this crowd? They think 10% annualized is a great return. It would blow their collective minds to know tech savvy millennials aim for 1000%.
You forgot HUTMF, ARBKF, HVBTF. 2021 will be another good year.
A lot of millennials became multimillionaires in 2020 and 2021. Look up CCIV, RIOT, MARA, PLTR, AABB. There are dozens of these kinds of opportunities.
But you do you. The rest of us don’t feel like working to 65.
Lol. The jealousy. Dude, try $2M in investments and I’m not even 40.
Have fun with your EM dividend.
So XOM returns 70% in just a few months, but you have LOTS of tech stocks that returned 10 times that, or 700%. Too dumb to deserve a response. Obviously, EM’s recovery is driving you crazy. Sorry my troll,, but it is happening. Analysts seeing oil at $75 in 2021. Good chance to pick up another 40-50% return on XOM from current levels. And if you bought at 52 week low like smart investors, could see return of well over 100% in one year.
But you stick with those 700% returns. Actually, I am happy with low double digit returns in any year, but such easy pickings on XOM, can’t resist. But then again, a 700% return on your $100 life savings still leaves you well short of $1000. But you rock! LOL
Why buy XOM when there are tech companies that returned 2x-10x in that same period? Is this why people continue to slave away at XOM? They s— at investing?
While you were waiting for EM to recover, others nearly doubled their returns in 2020. Never seen such collective sunk cost fallacy.
Exxon needs to Pivot
If you bought in March. Yup! It would have been a pretty good short investment.
Also, where do you gather that I am recommending any of those stocks based on past performance? I was just using it as a point for the person who commented on stock performance vs the March low.
Exactly, future performance is what matters. You're a fool if you think exxonmobil is a good long buy.
LOL. By your faulty logic, EM is up 70% in 6 months, so it must be a great investment.
Who cares about the recent gains? Everyone who didn’t sell at the bottom. Even more so, those who bought in at these lows. It’s easy to pick winners and losers looking backwards. But that is not how the game is played. If XOM goes to $70/sh, that is another 30% gain from today.
Not saying XOM is a good long term play, nor that it has been for the past 7 years. But only a fool buys based on past gains. You buy on potential for future gains. Sounds to me like GME might be your top pick today. LOL
EM mainly a commodity business already coming back to where it left off a year ago. Good upside now for commodities. Invest in what you will
Tesla is up 600% from then, Apple at 113%, Microsoft at 66% from March 2020.
On the flip side, who cares about the recovery price from the low. Most people bought in exxonmobil when it was >$70, they are still at a net loss on that stock. If you bought exxonmobil 2 years ago you are down nearly 38% (factor in the $8 divided over that time and it's still 20% loss). Had you invested in the above companies Tesla (+1050%), apple (+200%), Microsoft (+122%). Buying Exxonmobil is a bad long investment.
EM is recovering nicely, up almost 70% from recent low stock prices. Ahead of schedule with more cost reductions ahead. Plus, never flinched on dividend. Jolly good!
Woods didn't k–l the company like GE. Exxonmobil is a dying commodity company. It's products are falling out of favor with the world. Woods and Rex's poor investments did not help with current valuation and sentiment though