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alexander77, well I haven't bought a position in the REIT industry yet. I need to wait for Bank of America (BAC) to reach its target exit price that I set. Until then I'm doing due diligence. I'm deciding to either buy a stock in the financial or the basic resources sector. I'm a value investor, so I would learn towards a value REIT if I do choose to invest in the REIT industry. Just a few or so value stocks in the REIT industry that catch my eyes are below.
Annaly Capital Management (NLY)
American Capital Agency Corp. (AGNC)
ARMOUR Residential REIT, Inc. (ARR)
CYS Investments Inc (CYS)
Hatteras Financial Corp. (HTS)
These are the top 5 I found after doing a quick screen of what I look for when looking for a value stock. It's important to note that I have not done any due diligence on these stocks. I simply look for stocks undervalued by at least 30% based on BVSP. Then I look for those with the largest volume.
I however look deeper into many things which I have not done yet. This list could change, and it could be that these companies don't meet the criteria I use.
KING_TRADER$, with Bank of America's (BAC) bullish movement lately, I believe I could possibly reach it next week.
Abbott Laboratories Raised Its Dividend 57%, But Is It A Buy Right Now?
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Link: http://seekingalpha.com/article/1924611-which-is-a-good-stock-to-buy-general-electric-or-3m
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Link: http://seekingalpha.com/article/1921681-why-you-should-dump-zynga-and-glu-mobile-for-this-stock
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T-Mobile CEO shrugs off AT&T’s bid to swipe customers
Link: http://www.cnbc.com/id/101309240
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Link: http://seekingalpha.com/article/1918421-bank-of-america-3-reasons-to-buy-right-now
JJ8, thank you for sharing. I'm always curious of your opinion and strategy.
Good luck and Happy New Year, Gulley
alexander77, very great article! My exit target price in the long position with Bank of America (BAC) is very close. I have been doing recon on new value investments and REITs have met many of the criteria that I look for.
KING_TRADER$, thank you for both your encouraging words and agreement. Now I should note that I believe Bank of America (BAC) has much more potential than the exit target price that I have set. When I choose my next investment, it will be hard giving other potential investments the same chance as BAC which would also be emotional investing. We will see.
Good luck, Gulley
Bank of America (BAC) has broken the top trend resistance line.
JJ8, if you don't mind me asking. Did you sell your 100% of your long position?
For me, the PPS is very close to reaching my exit target, which I decide before buying any stock that hold. I will sell 100% long postion to lock in profits and use the capital towards a new long position in a stock. If Bank of America (BAC) still looks the most attractive when doing due diligence then I could possibly renter in a new long position.
$16.91 is the target price I set before buying which is a 30% gain from my entry price of $13.01. Though I will use a trailing stop on quote of 4%. During the trailing stop on quote I will just let the position ride out until the order is triggered.
Also during the trailing stop on quote I might use Japanese Candlesticks to find an exit point if I choose.
I do this to keep myself from emotionally investing. Let's be honest with ourselves, we are all guilty of emotionally investing/trading, it's important to keep greed out of the equation.
Good luck, Gulley
Bank of America (BAC) confirmed the bullish Japanese Candlestick pattern that it showed itself on Friday Dec. 20, 2013. The pattern confirmed today is called a Bullish Harami Cross. From here we could expect a uptrend until a new bearish pattern reveals and confirms itself.
Japanese Candlesticks for the market is still bullish for the S&P 500 which I use to gauge. The last pattern confirmed was a Bullish One White Soldier on Wednesday Dec. 18, 2013 which revealed itself on Thursday Dec. 12, 2013. Since then there has been 2 bearish candlestick patterns that have been revealed but not confirmed, the latest one being a Bearish Doji Star. That pattern was shown on Monday Dec. 23, 2013. From reading the candlesticks, we could expect a continued uptrend until the last bearish pattern is confirmed or a new bearish pattern reveals and confirms itself.
Japanese Candlesticks for the financial sector turned bullish for (XLF) ETF which I use to gauge. On Wednesday Dec. 18, 2013 the candlesticks revealed a Bullish One White Soldier. On Tuesday Dec. 31, 2013 that pattern was confirmed. From here, we could expect a continued uptrend until a new bearish pattern reveals and confirms.
Good luck, Gulley
Testing, sorry delete this message please.
KING_TRADER$, happy holidays to you also! Thank you, likewise. We have been rewarded very well this far here with Bank of America (BAC). Though there is just much more potential and that will eventually reward us more for the long-term.
On another note, we should hear something about the AIG vs. BAC lawsuit soon hopefully. I would have guessed that we would hear something before the end of the year, though it seems it won't be until early 2014. The next guess is that we should hear something early next month. Your guess is as good as mine! What's your guess?
Good luck to us, Gulley
Bank of America (BAC) confirmed the bearish Japanese Candlestick pattern that it showed itself on Friday Dec. 20, 2013. The pattern confirmed today is called a Bearish Engulfing. From here we could expect a downtrend.
Japanese Candlesticks for the market (I use the S&P 500) is still bullish. The last pattern confirmed was a Bullish One White Soldier on Wednesday Dec. 18, 2013 which revealed itself on Thursday Dec. 12, 2013. Since then there has been 2 bearish candlestick patterns that have been revealed but not confirmed, the latest one being a Bearish Doji Star. That pattern was shown on Monday Dec. 23, 2013. From reading the candlesticks, we could expect a continued uptrend until the last bearish pattern is confirmed or a new bearish pattern reveals and confirms itself.
Japanese Candlesticks for the financial sector (I use the (XLF) ETF to gauge this) is still bearish. On Friday Nov. 29, 2013 the candlesticks revealed a Bearish Engulfing. On Monday Dec. 2, 2013 that pattern was confirmed. Since then there has been 1 bullish candlestick patten reveal but not confirm itself on Wednesday Dec. 18, 2013. From here, we could expect a continued downtrend until the recent pattern confirms itself or a new bullish pattern reveals and confirms.
Good luck to all, Gulley
boo boo, any idea why the PPS is down today? The Japanese Candlesticks confirmed a Bullish One White Soldier pattern on Friday Dec. 27, 2013.
KING_TRADER$, me neither. I'm a long-term investor, but I'm learning Japanese Candlesticks and other TA techniques out of pure curiosity. I prefer to learn as many strategies so that I have all the tools I need to be as successful as I can. Maybe I will trade eventually when I feel ready, but for now I'm content. I would say that I have a beginner's knowledge of Japanese Candlesticks, though I can accurately spot Japanese Candlestick patterns if I focus and look closely at the chart. There is significant historical evidence that dates Japanese Candlestick trading back to the 17th century to trade rice. I feel very confident in using this method based on its past accuracy if used correctly.
When I look at the volume for the S&P 500 (which I use to benchmark the market) I see no unusual volume signs. In fact, this months volume almost mocks the same volume for Dec. of 2012. If I had to blame it on something besides looking at the past. I would say that people that have sold for loses or gains, sold and people with a new strategy for 2014 are waiting to buy. This does not alarm me at all.
Bank of America (BAC) is holding the upper $15's better than I expected this far. I thought we would hold a base at the lower $15's, though I think its safe to say that BAC is finding a stable ground before advancing a higher PPS.
I'm not sure how BAC's PPS will react before earnings. The Government has turned the tables once again on the banking industry. Although this won't reflect earnings, it could very well be a factor. I have confidence BAC and the banking industry as a whole will beat 2013's earnings in 2014. I am very excited for 2014 personally.
Good luck, Gulley
makemoney18, there is plenty to share, haha! With the knowledge I have to far, here's what I can say.
Japanese Candlesticks are helpful, though they can be extremely helpful when used with TA & Charting. I don't know how to do TA & Charting, but I hope to learn sometime soon. Candlesticks make patterns which can be a group or an individual candlestick that will tell us if it is bullish or bearish. It's very difficult in my eyes.
Perhaps it would be easier for you to ask questions and I can better answer and direct you.
Bank of America (BAC) has not shown or confirmed any new Japanese Candlestick patterns since the last update I gave. Once again on Dec. 16, 2013 BAC showed a Bullish Harami Cross and that pattern was confirmed on Dec. 18, 2013. Once again on Dec. 20, 2013 the chart showed us a pattern called a bearish engulfing. Though this pattern has yet to confirm itself. We are currently waiting for the chart's candlesticks to confirm the last bearish pattern or present itself a new pattern for a indication of a new PPS direction.
Good luck, Gulley
makemoney18, thank you. You too as well! I have been busy learning about Japanese Candlesticks lately. Their quite helpful in giving better insight of what direction a PPS is going towards.
makemoney18, I believe your correct. That would make sense now that I think about it. I'm not too knowledgable about this subject. Just to be sure, I recommend speaking to a member here named lowtrade. You can find him on this board here…
Link: http://investorshub.advfn.com/lowtrade-3972/
You can usually get his attention by responding to one of his recent posts. He's very helpful and knowledgeable, in fact I go to him for any question I have.
Sorry I couldn't be more useful, Gulley
makemoney18, I believe that is called dilution.
Japanese Candlesticks are still signaling bullish movements. On Friday Dec. 20, 2013 the chart reveled a bearish candlestick, but we await confirmation. The bearish candlestick revealed is called a Bearish Engulfing.
Good luck, Gulley
Jos. A Bank rejects Men's Wearhouse bid
Link: http://www.cnbc.com/id/101293001
makemoney18, good to hear! I agree, especially your Fannie Mae (FNMA) and my Bank of America (BAC) will do exceptionally well with Fed taper in the coming months. I'm personally very bullish on the financial sector.
makemoney18, I hope you're doing well and making money! I have been busy lately, how's the market treating you?
TOP1, I can't decide that for you, only you can. I wish I could tell you the bottom of the dip also. Though looking at the Japanese Candlesticks, they are still showing it's bearish signals. There has been bullish candlesticks present themselves, but they are not confirmed. Until we see a bullish candlestick confirmed, we can expect a continued downtrend.
Good luck, Gulley
Burmamonster, I found a helpful link here that can explain.
Link: https://blog.wealthfront.com/ipo-lock-up-effect-on-stock-prices/
This link targets tech stocks only. Though the same could be said for any stock. Most that I have found experience a dip, but not all. Facebook (FB) for instance rose in PPS during the "Lock-Up" period.
I'm not concerned about the dips during this period mostly. In my opinion I like the market to decide what the PPS should be for any new IPO. Usually by this time ("Lock-Up" period expiration) the PPS has found a stable price that the market believes it should be. Sure, most IPOs in the past year have done well, but I look at IPOs as a gamble. You really have to put your due diligence to work if you get in on the IPO.
ison929, momentum seems to be slowing down on this rally. I'm not sure if the market will consolidate tomorrow or rally.
ison929, I was just thinking the exact same thing.
ison929, the Fed decided to taper.
subslover, I hear he has "tiger blood" haha! I know it's hard at times, but if you get too wrapped up into it you could quickly lose sight of your goals.
subslover, I try to stay out of Wall St. politics so I won't comment on the situation. Though have they found a new CEO?
Nice meeting you as well!
gixxer11, of course he would. It's in his charitable trust. I would promote my holdings if I had a "sheep" following like he does.