Seeking Alpha

NYCTEXASBANKER

NYCTEXASBANKER
Send Message
View as an RSS Feed
View NYCTEXASBANKER's Comments BY TICKER:
Latest  |  Highest rated
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    GW

    Yes, I've owned quite a few securities for 40+ years.
    Anyone who owned Citigroup got what they deserved they never read the 10k or 10Q or didn't comprehend what was written. Prior to Reed leaving CITI had the best IT of all banks. Upon Reed's departure Citi was a disaster and easy pickings from the clowns at Travelers. If you were unaware that citibanks nickname was shittybank you never read or herd
    anything financial info from back then.
    your statement You defended the bankers
    I said to rlp
    I agree with you that some people should have been prosecuted the problem is that most of what the people perceive as a crime is in fact not a crime. We have our legislative leaders to thank for that.
    People like you don't know the regulations or laws complain but it's your basic lack of knowledge that deludes you.
    You defended Weil
    I said to rlp
    I don't doubt some of Weil's moves caused some of the problems however you should read what Rubin did. You should also read about Cisneros at HUD under Clinton and the repeal of Glass Stegall during the Clinton administration. If the people understood what Clinton did to help the debacle, Hillary would not be in the running.
    You don't comprehend what I was saying that there were more guilty parties that Weil but your ignorance of the situation blurs you logic
    you said You tried to argue that Citicorp was not as bad as it looked
    I said about rlp
    You don't understand the graph here is the print from yahoo historical prices note oct 1 ,2006 was a sunday.
    I told you
    Citigroups nickname has Shittybank and everyone knew it. So anybody who lost money was like the Madoff victims were stupid. It was a train wreck waiting. Where you one of the losers?

    I argue logic, you live in a made up reality
    Jun 24, 2015. 03:15 PM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    gw

    I didn't say the charts were wrong I said he didn't read them correctly.

    Just like you can't read and comprehend correctly what I said
    Jun 24, 2015. 12:13 PM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    rlp

    The prices are the prices that traded that day
    the adj close represents the splits/dividends.

    I don't doubt some of Weil's moves caused some of the problems however you should read what Rubin did. You should also read about Cisneros at HUD under Clinton and the repeal of Glass Stegall during the Clinton administration. If the people understood what Clinton did to help the debacle, Hillary would not be in the running.
    Jun 24, 2015. 11:55 AM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    rlp

    I agree with you that some people should have been prosecuted the problem is that most of what the people perceive as a crime is in fact not a crime. We have our legislative leaders to thank for that.

    One of the biggest problems is a lot of CMO were sold with a prospectus. The prospectus spelled out the obligations were of very poor quality but for reasons unknown to me the rating agencies gave them a triple AAA rating.

    Because the prospectus didn't lie NO CRIME.

    It's like a CERTIFIED USED CAR it's only good IF they repair the lemon.
    Jun 24, 2015. 11:24 AM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    rlp

    You don't understand the graph here is the print from yahoo historical prices

    note oct 1 ,2006 was a sunday.

    Oct 4, 2006 50.05 51.06 50.00 51.03 2,093,400 454.66
    Oct 3, 2006 49.59 50.39 49.55 50.09 1,508,400 446.28
    Oct 2, 2006 49.68 49.85 49.28 49.49 1,167,800 440.94
    Sep 29, 2006 50.00 50.07 49.58 49.67 1,690,800 442.54
    date, open, high, low , close, volume adj close

    Jun 24, 2015. 11:09 AM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    GW

    Your in ability to read and write(I think him)is severely challenged so every one who corrects you is arrogant.

    The term is not bail out what happened to GM
    but bail in which came about in 2010 to describe money given to financial institutions whether or not they needed it or not. Now if you would do more reading and making less incorrect statements.

    your facts which were disproved
    1] Rubin instead of Weil
    2] prices in 2008 for citi.
    3] citi reversed split in 2011 weil left 5 years before

    everybody wins occasionally but long term if you can't read you can't win long term
    Jun 24, 2015. 10:46 AM | 1 Like Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    GW
    You don't understand percentages, they expanded out 10 shares in 13 years and retreated back in years
    your statement
    That is a 1,000% rally - tell me how many years before that happens Mr. Banker.
    my answer
    Your are aware that the security had 8 stock splits between 1987 and 2000 so 13 years could be your answer

    read responses correctly.

    You embarrass yourself.

    Citigroups nickname has Shittybank and everyone knew it. So anybody who lost money was like the Madoff victims were stupid. It was a train wreck waiting. Where you one of the losers?

    The facts are in September 2008 the stock price was between 12.85- 22.53.
    it seems your reality is in another dimension.

    STOP making up your facts you have been caught being dishonest too many times.

    I'm leaving for my month in NYC this weekend so when I get back in August we will see if the LINE/LNCO dividend has been cut.

    Jun 24, 2015. 08:55 AM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    gw

    Your theories are laughable you also named the wrong guys involved. Weil left in 2006 but then you never look at facts. Ever hear of Robert Rubin?

    Your are aware that the security had 8 stock splits between 1987 and 2000 so 13 years could be your answer.

    Seeing they borrowed and paid back with interest your statement of
    THEY WERE TOO BIG TO FAIL is wrong like most of your statements.

    no comment or figures for you last short. Is there a possibility it never occurred?


    After your zzzzzzzzzzzzz get some numbers.
    Jun 24, 2015. 04:24 AM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    gw

    Again you got things wrong the tax payers only bailed out GM and ITS SUB ALLY BANK. All the banks that took FEDERAL RESERVE money paid back with interest. NO LOSS TO TAXPAYERS.
    You also forgot that I don't invest in LINE because the investment is via a roth a/c so I bought into LNCO. Like I said before you are so caught up you regurgitate incorrect information.
    try going back to last lnco investment
    on jun 3 at 10:52 I said
    As an example today a did a buy/write of 1000shs of LNCO at 10.73 and sold the calls 8/21/15 @ 12 for .22 therefore my buy is at 10738.95 the sell at 212.40 for a net cost of 10,526.45.
    So doing the math I m down $76.45 but I just received a dividend for
    104.20 so I have an overall net gain on paper of 27.75.

    Why don't you give exact figures of you short at 10.46
    right now your up only 6-8 cents a share based on paper profit of 19 less commission and dividend pay back of 10.42 cents.
    Jun 23, 2015. 08:42 PM | 1 Like Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    GW

    Like always you miss the forest for the trees.
    I congratulate those who shorted and won. I just don't understand
    the reason for such a large short cover while the stock was in decent mode.
    My guest is that some folks expect a rebound. As I said to Pablomike they could have increased their short positions this month but we won't know that for about 3 weeks.
    By the way did you go back and check what happened to the stocks I bought. Guess not
    Jun 23, 2015. 07:56 PM | 2 Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    pablomike

    May 26, 2015 11.51 10.40
    May 18, 2015 12.60 11.01
    May 11, 2015 13.34 12.41
    May 4, 2015 14.21 12.90

    Above is the weekly high and low during the period of the 20% reduction.
    You notice a declining stock price therefore using your logic a lot of shorts left a lot of money on the table.
    Jun 23, 2015. 04:59 PM | Likes Like |Link to Comment
  • Linn Energy: On The Way To New 52-Week Lows? [View article]
    PABLOMIKE

    It's a two part statement 1] Kirby is for the longs while GW is for the shorts. GW has a history of dishonesty and claiming he has shorted line many times. 2] The shorts have started to cover reducing their short positions by over 20% using the latest monthly data. Sure they could have increased their short positions this month but we won't know that for about 3 weeks.
    Jun 23, 2015. 01:01 PM | Likes Like |Link to Comment
  • No Matter How Much One Complains, Bank Of America Is Tremendous Value [View article]
    runtravrun1

    It depends on what the company does with the buy back. Take for example GE has bought back for years and the winners were the executives with option packages. When that happens I prefer to take the dividend. Just recently Hollyfrontier (HFC) stopped their special dividend program for buybacks. It's to early to tell if that was the right move but the stocks price seems to indicate it was a bad move.
    Jun 23, 2015. 11:43 AM | 1 Like Like |Link to Comment
  • No Matter How Much One Complains, Bank Of America Is Tremendous Value [View article]
    jan martinek

    I will have to disagree with you on one level. The regional bank's cost are in general higher than the money center banks. The second is location. While there are great regional banks in the rust belt they still suffer from the migration of their customers to the southern tier of the country. The third problem is the cost of compliance with the new regulations that the idiots in WASH DC are still writing.
    Jun 23, 2015. 11:02 AM | Likes Like |Link to Comment
  • No Matter How Much One Complains, Bank Of America Is Tremendous Value [View article]
    norman authier

    According to the BAC website checking
    No monthly maintenance fee when you meet one of the following requirements each statement cycle:
    Have at least one qualifying direct deposit of $250 or more each monthly statement cycle
    OR
    Maintain an average daily balance of $1,500 or more
    OR
    When you are a Bank of America Preferred Rewards client (waiver applies to first 4 checking and savings accounts)
    Otherwise, $12 monthly maintenance fee.

    They do have other accounts of which are interest bearing with minimum compensating balances or fees because no free lunches.
    Jun 22, 2015. 11:27 PM | 2 Likes Like |Link to Comment
COMMENTS STATS
2,985 Comments
2,153 Likes