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Remember golf at $35. No lack of courses here in AZ.
Excellent. That is a regulatory nightmare. It always seemed like summary punishment for the meltdown. Dodd/Frank didn't do much to fix the problems that caused the meltdown. The stress tests which came from the Fed actually dealt with the core issues and prepared banks for a potential reoccurrence along with thousands of other scenarios.
Np. Best of luck to you. Many good options on the big board right now.
How is that call doing?
You wouldn't believe how much banks would increase investment if Dodd/frank were to be removed. The legal reserve funds alone for banks in the USA are over $500b. Annual compliance direct expenses are approx $50b for the same. This doesn't include normal reserves in T1 capital which is also exceptionally expensive which is another topic.
Remember my prediction of $35 for 2017 EOY.
Let me assist with some basics:
RSI operates with a basic assumption that the sample size is representative and the stock is liquid. In both cases here it fails so RSI is meaningless along with many other technical indicators.
Picking up additional shares assumes you could pick my or another's shares in a pool. Actually they are anonymous so picking up another persons shares is a fail as one person couldn't in most circumstances figure out mine from another person or a MM.
Who sells tomorrow is irrelevant. If there are no buyers then the price will drop. If MMs and traders sell tomorrow and there are equal to greater offsetting buyers the price will actually increase. That makes who sells irrelevant.
If an investor chooses to buy more shares that is their prerogative.
Hope that helps
Gee, I have been hearing that since $.06. Oh wait, it may be there again very soon. Whoopsy. Next. BS.
Don't forget the stop. It may nosedive after some comments from NH.
It is a bit bigger than the $1.5 million in gross annual revenue from their new growing facility in PHX.
I recall the price being $.005 when I first said it was a scam and posting pics of these so-called facilities. The fiction is over. Good luck with the tours (the date and real pics seem to be a moving target).
This is dead money now that the hype is gone. The question now is capital preservation and there aren't enough lifeboats. An I told you so fits!
Is it just me or is there a consistent lunch trend?
Done. Just don't laugh and beer is a must :)
It may but expect it to move slow and incrementally. The holidays, anticipation and reaction to political appointments(including potentially Yellen) and finally actual rate moves will be the catalysts. In other words cautious optimism. The management team will already be working on plans to benefit from the various scenarios so I expect several PRs to that effect. This includes PRs from others (namely Jamie Dimon). To finding a right number I would suggest you might be on the low side. My target for next year is $35 and to me that is low. GLTY
As a former bac employee I can tell you how much of an burden Dodd/frank and the CFPB is. Given BACs ROE hurdles on capital investment and a lifting of regulatory risk they will deploy a ton of money that will now get a return. This is monies that are above and beyond BASEL. We still are not at book value. That will be the first leg. The next will be a better FCF and the multiple that comes with it (including your valid point on interest rates). GLTY
Finally. The regulators are probably polishing their resume's and the fed may finally pull the trigger. BAC has been held down for too long.
It is true. Politico.com/2016-election/results/map/ballot-measures
Were you able to get your stop in? I just upped mine to .145 but may change it in the morning.
Can still set limit. It is trading in the b/a range. You may hit today or tomorrow.
MMs have plenty to share.
That is lower than normal.
Reality hurts. Pps was $.25 not long ago. Now $.15. The facts are facts, not BS.
When and based upon what? So far this is all pump. Revenue is not high enough to support this pps and won't be for years.
I've been hearing that BS since .96. cents.
Gee, might want to try something new. Getting closer to $.06 each day.
You may be right. Will judge it closer to the time. The financials are nice but most likely move the dial. It is all in what NH says.
Well limit trades have kept me green so will hope for the best from the CC. But history doesn't show good pps reactions to the CC. Maybe set limit at $.15 and rebuy at $.11. If I am wrong at least I made a profit and can move my capital elsewhere.
Buyers are staying away. Without good news this will hit $.10. It has been walked down from $.25 to $.15. Last news was early September. The cost of silence is $.10 or 40% to date.
And yes, we are all aware someone has heard this since $.06.
Ya, that guy who was going to post the tour pics had a predictable number of problems posting pics. Even if the facility is used the math still doesn't work.
With all of these "great" new initiatives what will be there eps? So far the planting facility, if it eventually opens will produce $1.5mm in gross revenue per year. The COGS in the mj market is close to 40%. Then the company expenses added in and the eps is still negative. Then there is the ZAZZY machines. They have been out there for a while and there is no revenue now.
Can you support this pps you are promoting with something other than hype?
Very true.
Odds are after given the probability of pass is still with 10% which can be lost due to poor turnout. In either setting I would have stop losses in if it turns on you unexpectedly.
Actually I did. Not perfect ($.35 vs $.4) and ($.135 vs $.11). If it didn't drop I wouldn't buy back.
My brokerage account begs to differ. If you wish to ride it down that is your choice but ill conceived. I am at a loss as to what you would do different given your vast experience in trading.
Look at history. Price in July was $.4, it dropped to $.11 on news. Then there was a mini rally to $.25 and here we sit at $.16. It happens a lot. I sold at .35 then rebought at .135. Holders are in a much worse position.
At $1.5mm gross revenue this is a drop in the bucket. The eps will still be negative. Are there plans for expansion? Otherwise it is meaningless if they do actually get it up and running which is highly questionable.
That may happen but history shows that is unlikely.
Ok, let's try logic. In a situation where the stock drops from $.15 to $.12. In a stop loss with buyback I would save $.03. In a hold only scenario a stockholder would absorb the $.03. Which strategy is better?
Terrible idea if you like losing money. If you truly understand trading you will understand they are a requirement. What would your strategy be when I can buy back at a lower price? Either way I win.
Fair and I did that today with another stock. Started at $.13 on tue sold at $.18 then re bought at $.14 with it at $.165 at close. Easy to set stops and limits to capture the move.
Consider the stop loss idea. No reason to go down with the ship if that is what will happen. Can always buy back in at lower levels if it does. Good news on the other hand would be welcomed and no harm/no foul.
A stop loss will be in place for me. The CC history has been disastrous. The last one they took no questions and the script is too tight. I truly hope I am wrong but here we sit at $.16 and were at $.25 just a few months ago. In silence I truly worry about what they will finally say when they break it.