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Nikhil Nichani

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  • Don't Overlook Exxon Even if Apple Passes It By [View article]
    Apple is great for the capital growth portfolio, Exxon is great for the income portfolio, and holding both is great for any portfolio
    Oct 22 01:30 AM | 1 Like Like |Link to Comment
  • Fighting Against Foreclosure Delays [View article]
    Jpdurbs,

    If you read thoroughly would see that I understand that the bankers are at fault. I did state "Although I support correct foreclosure filing, and prosecution against the banks and its employees for falsifying affidavits", however, they are not doing any wrong doing by filing foreclosure against these homeowners because they were legally obligated to pay their debt and choose not and seek ways to stay in their homes for free. Yes the bankers greed led them to make billions of dollars worth of loans that never should have been made, but the American home owner also didn't show any fiscal responsibility by taking on these loans that they knew they could not afford. So the American home owners are as much at fault, especially now that they seek to justfy not to pay their mortgage because they dropped in salary from 150,000/yr to 80,000. In filing these foreclosures, the bankers didn't do anything wrong besides read the affidavits. They are not unlawfully being forced out of their homes..in fact they are breaking the law as much as the bankers by not legally paying their debt.

    You say "people aren't looking for a free lunch here...they are looking for solutions to problems that were caused by the avarice of egomaniancs who thought they could beat the system".....I'm sorry but solutions to what problems? The only problem here is that the affidavits were not read. There is no wrong doing by the bank to kick out anyone that doesnt deserved to be kicked out. The people who are having affidavits filed against them are those who are not following their legal obligations to pay back their debt and instead choose to seek ways to live in their house for free...are you seriously defending that and saying only the bankers are the one who have problems? You cannot be serious. If this is the case, what incentive does any corporation have in lending money to a generation of such greedy citizens where the lender knows the debtor could stay on the property for free. Every homeowner has a promissory note that proves the legality of the debt. The bankers aren't the only ones who looked to cut corners by having robo signers, so are the homeowners who now know that they could live in their home for free.


    Like I said, I don't support the practices the banks did...but not foreclosure documents properly does not justify criminal mischief by homeowners looking to stay in their home for free.
    Oct 21 09:38 AM | 4 Likes Like |Link to Comment
  • Sued by Your Own Investment: Not a Good Day for Bank of America [View article]
    They were. The irony
    Oct 19 09:04 PM | 5 Likes Like |Link to Comment
  • Congress Forces Bank of America to Offer Better Service [View article]
    I agree.. Consumers will still complain about higher prices but consumers complain about everything. Charging a straight up fee is better because then the consumer can make a choice
    Oct 19 04:31 PM | 2 Likes Like |Link to Comment
  • Sued by Your Own Investment: Not a Good Day for Bank of America [View article]
    This is going to get really good
    Oct 19 04:04 PM | 4 Likes Like |Link to Comment
  • Dollar Index Finally Breaks Over 5-Day Moving Average [View article]
    Effects of chinas rate hike won't last long in the dollar index. I expect the dollar to remain at these levels for a while. The currency has no way of long term appreciation especially if we truly are in a liquidity trap
    Oct 19 12:54 PM | 1 Like Like |Link to Comment
  • The Mortgage Bond Scandal FAQ [View article]
    Felix, great piece of work to explain the situation to people not familiar with the matter. I will link back to this on my blog. Would love to see a video podcast of this.

    Nikhil
    Oct 19 02:18 AM | 2 Likes Like |Link to Comment
  • How Bad Will This Market Get? [View article]
    Great recap and a preview of the week ahead


    - Nikhil
    Oct 17 05:14 PM | 1 Like Like |Link to Comment
  • Do Bank Stocks Still Belong in a Conservative Income Investor's Portfolio? [View article]
    I have to completely agree with this article. Currently, you would own a bank in hopes of capital appreciation. You would think that with the reality of what happened in the past 3 years being put behind us would start giving you hope of a dividend in the near future, but that seems highly unlikely now after JP Morgan put massive funds into litigation reserves in case of possible lawsuits from this whole foreclosure mess. That's the conservative investor shouldn't even think about owning a bank. Whether they are undervalued or not at this point is for another article, but the risk/reward ratio is too high for the conservative investor.

    - Nikhil
    Oct 17 11:24 AM | 7 Likes Like |Link to Comment
  • Still No Reason to Own Bank Stocks [View article]
    Leigh,

    I clearly see you hate bank stocks. That's fine, I'm not telling you what to like and hate. But I see no explanation in this article as to why we should not hold on to them besides you saying they are piece of garbage. So I'm just curious to the reasoning behind them being labeled pieces of garbage

    - Nikhil
    Oct 17 03:31 AM | 21 Likes Like |Link to Comment
  • Apple Surpasses My October $300 Price Target: What's Next? [View article]
    Andy, I would first off like to say good job on accurately predicting Apples breakthrough to $300. I have read a lot of your articles on Apple and you clearly understand what drives this stock.

    A $400 price tag with current stock situation would make Apple the biggest company in the world by market capitalization. I think it might be possible but I have heard some analysts saying that Apple could possibly reach $500. I honestly don't see that being possible without any serious share buybacks by Apple that could push the price that far up. What is your opinion on a $500 price tag
    Oct 16 02:03 PM | 1 Like Like |Link to Comment
  • Is GameStop's Used Game Business in Danger? [View article]
    Thus why I believe its blown out of proportion, and will be ruled in favor of the defendant in the Supreme Court. GameStop is down close to 10% over the last few days just from fear of this case
    Oct 14 05:22 PM | Likes Like |Link to Comment
  • How to Lose Half Your Wealth: Stick It in Bonds [View article]
    Bonds are a good investment, if you are getting a good yield on them. But with 2-3% yields, its not even worth investing in them. Your upside is so limited, while your downside is over exposed. TIPS even crossed into a negative yield. A negative yield...people are actually putting away their money knowing they will get less then what they put in..what?
    Oct 14 05:15 PM | Likes Like |Link to Comment
  • Is GameStop's Used Game Business in Danger? [View article]
    Video game producers do have a license agreement. If you look on the back of the video game box, the producers states that the license agreement could be found on the producers website, and in that license agreement it says that by using that piece of software, you consent to be bound by the the license.
    Oct 14 01:51 PM | 1 Like Like |Link to Comment
  • Is GameStop's Used Game Business in Danger? [View article]
    If you continued to read you will see autodesk took the case from the district court( where it was rejected) to circuit court( where it was ruled in favor of autodesk).
    Oct 14 01:18 PM | 1 Like Like |Link to Comment
COMMENTS STATS
144 Comments
210 Likes