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trunkmonk, I agree. When the Fed tappers, this will rise drastically.
BYUINSDER, I don't know. If Govt. passes a budget today market could rally.
Wall Street Breakfast: Must-Know News
Link: http://seekingalpha.com/article/1887671-wall-street-breakfast-must-know-news
TOP1, I think this makes a great long-term blended value/growth stock here.
davidaames, this is another great long-term growth stock. Not to mention the excellent balance sheet!
Fa$tlane, this has had a great year. Great long-term growth stock!
KING_TRADER$, thank you for the valuable information. It would be great to have an accurate revenue factor for Bank of America's (BAC) hedging operations. Though it wouldn't surprise me that the percentile revenue would be that low. I think it stems from two points from just an opinion.
Point one: Brian Moynihan is a firm believer of scaling back on all operations, reducing risk and strengthening current assets while reducing liabilities. I believe he's working to make BAC more traditional and focusing on the consumer.
Point two: The current lawsuits we are taking on possibly prevents us from taking on the almost of risk that other banks are taking on.
Though what will happen if the Govt. passes this tomorrow? It will literally "pull the rug from under" these banks. I have heard that Goldman Sachs Group Inc (GS) is not much better off than the financial crises years ago (I haven't confirmed this personally). If the 50% revenue is correct. GS had $8,280,000,000 last quarter in revenue. That would bring quarterly revenue down $2,070,000,000 to $6,210,000,000. If my math is correct, that is quite a bit.
So for banks like Wells Fargo & Co. (WFC) and BAC, then these companies could out preform other banks. GS and others who heavily rely on hedging will be forced to find new revenue streams while still beating earnings estimates. If it gets ugly, investors could flock to other companies like WFC and BAC. Though this is just another factor in a shifting ground.
Good luck, Gulley
lowtrade, I have been testing your "Best of Bread" strategy on a stock simulator. I bought Dollar General (DG) because at the time it met the requirements. Then a few days later 3M Co (MMM) met the requirements because Conglomerates became the best preforming sector in the past year.
I bought shares of DG on 11/14/13 at $59.07. I have a personal exit strategy that if the PPS drops 4% below entry price, then I sell. On 12/02/13 I sold DG because the PPS was at $56.52 which is 4.5% below entry price. I do this with any position to keep myself from emotionally holding a losing stock.
Today the DG's PPS is at $61.08. Which is 3.4% higher than the entry price and almost 8% higher than what I sold it at. I know you said that this strategy is long-term. Though would you suggest that I leave myself a little more wiggle room when using this strategy, say 8% sell below entry PPS? I have personally never had to use this exit strategy for any stock that I hold in a real account thankfully.
What did I do wrong here, please offer some insight?
Thanks, Gulley
tr8dervic, so to better understand, for an example. For the fiscal year, you win $20 though you lose $40. When you report your loss, you can only report $20. Do I understand this correctly?
Fibanotch, I think they will have a great earnings report tomorrow. What do you think?
JJ8, I haven't heard from you in a few days. Do you see anything that jumps out at you regarding TA?
Gregwit, well I see the lock-up period is expired, which is good. I believe a pill form of cannabis is a very good technology. Has anyone had this fully approved by the FDA and selling this commercially? I tend to stay away from biotech companies because the different phases and FDA process confuses me very easily. I have a few friends who rant and rave about different biotech's though.
BYUINSDER, this is the same company whose workers are protesting for $15/hour wage.
Gregwit, please tell me more.
Gregwit, never heard of either, so I can't comment on those.
Good luck, Gulley
Gregwit, for hopes and dreams you play the lottery, as someone else stated. You can find a stock that mimics those kinds of returns long-term, but I highly doubt you'll find that here.
moneymaker$, you're welcome. I'll update you tomorrow. It probably won't be until midnight, I have finals starting tomorrow and will be quite busy.
///M3, I'd say out of thin air to put it nicely. I'd have to do a valuation, but it's for sure not anywhere near $15 PPS.
Gregwit, $15! Haha, where did you pull this number out of?
Fed taper already baked into market, Bogle says
Link: http://www.cnbc.com/id/101258686
Why 2014 could be a ‘record year’ for stock listings
Link: http://www.cnbc.com/id/101256825
Questions regarding taxes. Do any players here use losing lottery tickets as a tax write off?
DannyDuplex, sorry. That's a better word to describe the outcome. Thank you for the correction.
moneymaker$, the Bullish Homing Pigeon has not confirmed itself yet.
Mr. Bill, are you still holding em' tight here?
DannyDuplex, I was wondering. I think sub-penny is very possible.
bigduke, thank you for the encouraging words. The financial sector is a cut throat business, though I have been told that I am a bit cut throat in my place of work, so I should fit in well. I understand hedge funds to an extent, but I am still unaware of how it affects the PPS. Do you believe the SEC will reinstate the Uptick Rule?
New board.
Is the technology sector overvalued?
Link: http://www.cnbc.com/id/101256231
Good news for the financial sector.
Two Stocks To Watch As Consumer Credit Expands
Link: http://ycharts.com/analysis/story/two_stocks_to_watch_as_consumer_credit_expands
BYUINSDER, thank you for the resource. I'll watch what he has to say.
Insiders Look To Bank Of America On December 10
Link: http://seekingalpha.com/article/1886291-insiders-look-to-bank-of-america-on-december-10
BYUINSDER, I don't understand those charts, although I am trying to learn it in my free time. That looks to be more than a 10% correction, correct?
expediter13, do you have a good link?
BYUINSDER, congrats on your profitable trade today.
detearing, I think this could bounce back. What was the big drop in Sept., earnings miss?
mpunklil, this thing is a beast!
I am surprised, never would have expected the PPS to be this high. I think it could easily break $50 PPS.
Danna, I see a lot of upside here. What do you think?
Washington is standing in the way of US recovery
Link: http://www.cnbc.com/id/101257142