Wednesday, January 13, 2021 1:37:35 PM
1. Raising some cash made sense. The dollar has been increasing in value and there will be bargains. Don't do a FOMO buy of something just to stay out of cash. There will be opporunities. Keep some cash.
2. EBC, my sleep well stock, has drifted down a bit from $16.57 to $16.25. Low volume trading. I expect the first quarterly call on January 29 (earnings after January 28 close) to be nothing special. Every possible expense has probably been thrown into 2020 so that 2021 starts with a low bar. EBC should benefit from a steepening yield curve, its conservative loan portfolio, and the overall better Boston economy than can be found elsewhere. Still priced below book.
3. Bitcoin has been a stellar performer. From $26,270 it is now over $35,000. In fact, it got as high as $41,000 a few days ago but did the necessary retracement. A year from now, whether you buy it at $35,000 or whatever, you will be in a very profitable position.
4. Next to last choice, Gold. It's just goofing around. That is what what gold does. Own enough for insurance and as a cash alternative. My advice is stick with what you have, but do not buy more. Bitcoin (or cash or stocks) all better.
5. Finally, stocks. Getting out of the indices makes sense. Resource based stocks (WYR and XOM) are doing well. FB is going down, as expected, because of politics. (Not concerned with noise on that one; growth rate is fabulous, and this is not a major portion of my "ideal" portfolio.)
Normal caveats - not to be relied on, etc., etc. Just for fun.
LordD
Recent EBC News
- Eastern Bankshares, Inc. Reports First Quarter 2024 Financial Results • Business Wire • 04/25/2024 08:15:00 PM
- Eastern Bankshares, Inc. Announces First Quarter 2024 Earnings Release Date, Conference Call and Webcast • Business Wire • 04/04/2024 02:34:00 PM
- Eastern Bank Announces DPV Transportation (DPV) As A Commercial Banking Customer • Business Wire • 03/06/2024 04:45:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:37:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 10:24:29 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:52:20 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:29:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:18:58 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:17:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/05/2024 09:14:33 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/28/2024 10:22:11 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/25/2024 09:19:54 PM
- Eastern Bankshares, Inc. Reports Fourth Quarter 2023 Financial Results • Business Wire • 01/25/2024 09:15:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 01/22/2024 09:31:51 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/22/2024 09:28:53 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 01/16/2024 09:28:06 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 01/16/2024 05:15:17 AM
- Form S-4/A - Registration of securities, business combinations: [Amend] • Edgar (US Regulatory) • 01/11/2024 08:18:04 PM
- Eastern Bankshares, Inc. Announces Fourth Quarter 2023 Earnings Release Date, Conference Call and Webcast • Business Wire • 01/04/2024 03:12:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 01/03/2024 09:30:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:05:37 PM
- Form S-4/A - Registration of securities, business combinations: [Amend] • Edgar (US Regulatory) • 12/20/2023 10:16:57 PM
- Eastern Bank Named #1 SBA Lender in Massachusetts for the 15th Year in a Row • Business Wire • 12/12/2023 06:04:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/05/2023 09:05:06 PM
- Eastern Bank Earns Top Score for 10th Consecutive Year in Human Rights Campaign Foundation’s 2023-2024 Corporate Equality Index • Business Wire • 12/05/2023 04:30:00 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM