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Bank Of America Will Continue Its Rise
Link: http://seekingalpha.com/article/1881671-bank-of-america-will-continue-its-rise
detearing, I figured. Looking at the candlesticks, this seems that is hasn't been able to confirm many bullish calls.
cintrix, thank you.
KING_TRADER$, haha. He claims it yields him roughly $80 a day. Any profit is a good profit in my eyes.
bigduke, I agree. Though law school is not for me I believe. I'm going to school for business finance and a minor in economics, I hope to have a career in the financial sector. I like investing, it's something I am passionate about. I don't know any other 21 year olds who instead of playing video games in their free time, spend it doing due diligence on possible investments and learning more about the financial markets.
BYUINSDER, there's a difference between fearing the Govt. and abiding the law. In this case, have you ever seen the CNBC show, American Greed?
detearing, I understand. Do you trade off of Japanese Candlesticks?
detearing, I'm from Indiana so I will send you some. Do you prefer USPS, FedEx, or UPS? Hahaha!
detearing, I said it was a growth stock, but didn't say it was a good one, haha! Those are all great long-term holds. You don't feel like that many stocks effect and hinder your performance?
BYUINSDER, I'd really rather speaking to financial advisor I used when I was in high school, an account I know, possibly a friend who's a bankruptcy lawyer if she would be any help or even the discount brokerage firm I use. I trust your advice, but I'd rather be safe than sorry. If I did anything, I'd rather recruit family, friends or co-workers first. I'm also aware of the difficulty of doing business with people close to you.
I'd rather not get off-topic on this board. If you'd like to talk more, please post on the board I oversee below.
Link: http://investorshub.advfn.com/30S-TOO-OLDE-27562/
Thanks, Gulley
detearing, I will take a gander. I hear you out, I'd probably want some Italian food before I go. I looked at the other company. I did some quick due diligence on each of the 4 companies, I didn't dig down to the roots though this is what I conclude. Nike, Inc. (NKE) is better growth stock and Calloway Golf (ELY) is better value.
bigduke, you said, "BAC was pressured into this mess by a Treas. Sec. Paulson, Obama, and a few others"
I agree and disagree with this statement. I believe it's a two way street here in this situation. Paulson first asked Ken Lewis to only buy a stake of Country Wide. Mr. Lewis and his acquisition frenzy attitude came back with a counter deal and told Paulson he wanted to buy it 100% without looking at the books. After the deal was almost finalized, he realized that there was too much toxic assets on the books. Ken told Paulson that he wanted out of the deal and Paulson said no.
I believe Bank of America (BAC) wouldn't have been in this situation today if Ken Lewis didn't offer to buy it outright. Though the Govt. should have allowed him to back out of the deal. I ultimately blame it on Ken Lewis in the first place.
Wealthydaddy, likewise.
BYUINSDER, that all sounds fine and dandy, but I believe I would need to get certified for a broker-dealer license from the SEC.
BYUINSDER, thank you. I just believe you and I just got off on the wrong foot between each other. At the end of the day, we are all here to make money. Likewise, great call on the bullish candlestick. $80 a day is a healthy profit at the end of the day. You must be trading roughly 800 shares a day. I wish I had that kind of money to toy with, though I'm just a broke college student. Hopefully one day I can do that, I hope.
Thank you, this coming week will be very stressful during school. I'm physically and mentally burned out. I can't wait till next semester when I get to take some interesting classes like economics and such. I'm going to school for business finance and a minor in economics. These classes will be easy as I will know more than the average student, not to sound cocky… I have been helping a few friends with economics coursework and enjoy it. I hope they do the stock simulator project, I will blow the portfolio out of the water. If I take it and it's a bear market because of the tapper it will be tough. I didn't start investing outside of mutual funds until the bear market ended, so I will have to study on how to profit in a bear market.
detearing, I don't blame you! Open and airports and hospitals, really? Escalade Inc. (ESCA), I can't find what golf products they manufacture? Whew, that was a great run though.
bigduke, are you talking about Yahoo Finance's message board? If so I avoid that like the plague, very unsophisticated folks. I don't post on there, but I find Yahoo Finance's "Key Statistics" helpful and will often read the discussion board when I want to hear some "BUY BUY BUY" or "SELL SELL SELL" or some other uneducated post from someone who knows nothing about investing/trading.
You mean a class action by Bank of America (BAC) shareholders, please explain? I know they enjoy it greatly and will continue to for sometime. I mean we don't have an even ground to fight back on. Bryan Moynihan has been very patent. I would have lost it a long time ago if I were the CEO of BAC, so we should be thankful for him. I don't know if the Government realizes that the financial sector is the backbone to our economy. The way I look at it and correct me if I'm wrong, because I do not claim to be knowledgable on economics.
The Fed buys bonds with QE. This goes towards banks like BAC. This improves lending from the money we get from selling bonds. Sure, we do get quite a bit and the lawsuits are probably minuscule compared to the bonds we sell. Though it makes me think of an indian giver, one who gives and takes away what was given to you. This is in some direct or indirect way effecting with the large sum of lawsuits the financial sector is going though.
So to some it up, it's hindering the process. No wonder these banks don't want to lend as much as they might like, their busy stuffing billions away under the mattress so they can take on legal issues. One step forward, one step back. At the least, put a lawsuit shield over the financial sector until the Fed discontinues QE. Just my thoughts, please correct me if I don't understand.
Thank you for reading, Gulley
detearing, true. Haha, it's the breakfast of champions. I'm staying in and doing chores, the roads are nasty out. One question, does Calloway Golf (ELY) have any more public peers besides Dicks Sporting Goods (DKS) and Nike (NKE)?
5 Moves That Young Investors Need to Make
Link: http://investorplace.com/2013/08/5-moves-young-investors-need-to-make/#.UqM-cSjVl94
detearing, I knew you were going to use your Peter Lynch investment approach. Just like you did for Bob Evans Farms, Inc. (BOBE). I might backtest that with a few stocks on a simulator. It would be great because it could be something I understand. Unlike one of my holdings Bank of America (BAC) that's too hard to understand, though I like the fundamentals and value. I liked Bob Evans Farms, Inc. (BOBE) and Cracker Barrel Old Country Store, Inc. (CBRL) over peers.
Though I prefer Cleveland Golf's products better. Unfortunately, they're listed in Asia. Next would be Price Golf, though their private. So then I would go with Dicks Sporting Goods (DKS) because I like their Acuity brand. It's affordable and a great set to start with until you upgrade, which I do when I have a few extra bucks. I would also take a look at Nike, Inc. (NKE) because I use a couple of their accessories that I like. I wouldn't consider myself brand loyal, though I try to be with any product I buy weather its golf, fishing, shooting or any other product I use. However, I have never used a Calloway Golf (ELY) product before, but wouldn't be opposed.
While we are on the subject of brand loyalty. I would say in my opinion, if there was an industry that had the most consumer brand loyalty, golf would be in the top 5. I might have to call IR, that would be encouraging. Michelson is my favorite professional golfer, talk about dedication. The guy gave up 3 marriages to do what he loves and that can be tuff for anyone.
detearing, I haven't done any due diligence on Calloway Golf (ELY), so I can't comment on weather I like it or not. Though it seems that it can't sub stain this price. I'm sure many are shorting here.
detearing, that last quarterly earnings caught many folks attention.
Young Investors: Don't Fear The Bear
Link: http://www.forbes.com/sites/thebogleheadsview/2013/07/26/young-investors-dont-fear-the-bear/
0001, I couldn't have said it better.
mkinhaw, chart has a very nice trend.
wwt, I will check them out. Thank you for the tips.
Good luck, Gulley
chaostrader, whew. This took a beating on the news! It'll bouce back, could be a good short-term play. I'll keep an eye on this one.
Gatorelf, haha! I agree, I laughed when I saw Modern Warfare 4!
DewDiligence, very good run for 2013! The best part is that December's historical run is just getting started!
chinkyeye, they say you can't beat someone at their own game.
7 Essential Tips for Buck Investors
Link: http://www.buckinvestor.com/basics/7tips.shtml
Jobs Report: U.S. Economy Added 203K Jobs In November, Unemployment Down To 7%
Link: http://www.forbes.com/sites/samanthasharf/2013/12/06/jobs-report-u-s-economy-added-203k-jobs-in-november-unemployment-down-to-7/
makemoney18, I agree!
Did Dodd-Frank end Too Big to Fail? It depends what you mean by ‘end.’
Link: http://www.washingtonpost.com/blogs/wonkblog/wp/2013/12/06/did-dodd-frank-end-too-big-to-fail-it-depends-what-you-mean-by-end/
bigduke, here's the link. Just for anyone else who wanted to read it.
LA sues Bank of America, alleges discriminatory mortgage lending
Link: http://www.reuters.com/article/2013/12/07/us-usa-bankamerica-lawuit-idUSBRE9B601Q20131207
BYUINSDER, yes. I am bullish, though I am cautious. I agree, Bank of America (BAC) has had plenty of dips before advancing to a higher PPS. Short-term though, the market is still bullish. Though the financial sector is bearish. As you responded to KING_TRADER$, you nailed it. There is a Bullish Homing Pigeon. I believe there is a good likely hood that it will confirm itself, though we shall see. It was a great week for BAC. Enjoy your weekend also. I will be busy studying for college finals week, so my head will be burred in the books.
One question though. You took offense of my "sell" call on Thursday December 5, 2013, saying it was a "scared". Though now you're trading BAC, I don't understand. Please explain why you didn't see the bearish indicator until yesterday's bullish pattern?
cintrix, okay. Though would you consider it the standard?
bigduke, there has been so many lawsuits in the financial sector, that I can't keep up with them all. It's all greed that creates this vicious cycle. There needs to be a clean slate for the financial sector and tougher regulations. We can never totally recover if banks are continuously kicked while their on the ground. Think of it has beating the dead horse, there's no use.
Wealthydaddy, we are all here for the ultimate goal of turning a profit. As for 3D printing, I understand the concept. Though I don't know much more about the industry other than that. I haven't done any due diligence on any companies. I see you're new here and recommend speaking to others who trade/invest in 3D System Corp. (DDD) or other peers.
Good luck, Gulley
moneymaker$, a bullish pattern has presented itself on Friday December 6, 2013. Though now we must wait for a confirmation for this to be true.