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
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 09/20/2024 05:30:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/05/2024 09:40:34 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/04/2024 10:12:00 PM
- Eastern Bank Announces Senior Leadership Appointments • Business Wire • 09/04/2024 05:30:00 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/07/2024 06:02:19 PM
- Eastern Bank Is Recognized By Disability:IN® as a 2024 Best Place to Work for Disability Inclusion • Business Wire • 07/31/2024 04:00:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 08:17:53 PM
- Eastern Bankshares, Inc. Reports Second Quarter 2024 Financial Results • Business Wire • 07/25/2024 08:15:00 PM
- Form 425 - Prospectuses and communications, business combinations • Edgar (US Regulatory) • 07/15/2024 12:25:57 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/15/2024 12:24:01 PM
- Eastern Bankshares, Inc. Announces Successful Merger With Cambridge Bancorp, And Names David Rosato New Chief Financial Officer • Business Wire • 07/15/2024 12:00:00 PM
- Form S-8 POS - Securities to be offered to employees in employee benefit plans, post-effective amendments • Edgar (US Regulatory) • 07/11/2024 09:23:24 PM
- Eastern Bankshares, Inc. Announces Second Quarter 2024 Earnings Release Date, Conference Call and Webcast • Business Wire • 07/03/2024 02:59:00 PM
- Eastern Bankshares, Inc. Announces Newly Appointed Members To Its Board of Directors • Business Wire • 07/01/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/28/2024 12:30:33 PM
- Eastern Bankshares, Inc. And Cambridge Bancorp Announce Regulatory Approvals Received To Merge • PR Newswire (US) • 05/28/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:14:32 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:12:54 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:05:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/15/2024 08:05:26 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/14/2024 08:05:45 PM
- Eastern Bank Provides Financing for Capstan Atlantic’s Conversion to an Employee-Owned Company • Business Wire • 05/14/2024 03:33:00 PM
- 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
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM