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NYCTEXASBANKER

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  • Bank Stock Prices And Higher Interest Rates: Lessons From Bank Of America 1974 [View article]
    Donald R. van Deventer

    Thank you very much for the article and the graphs it brings back memories. Some of the calculations you might say were done by hand in the very old days.
    One of my problems is that the FED has never unwound such a large position. I also wonder about Bank of America, back in the early 70's. It was basically California bound and highly subject to oil & gas prices so the California economy
    took a big hit from the embargo of 1973.
    Jun 20, 2015. 04:56 PM | 3 Likes Like |Link to Comment
  • Rebuttal: Bank Of America Offers A Lot Of Value To Investors [View article]
    gary schurman

    When did the FED guarantee deposits?

    It's implied by the too big to fail rule

    and some deposits are covered by FDIC but I confused by your statement.
    Jun 20, 2015. 03:27 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    GW

    Yes, he exposed that you lied on several post.

    How does that look now? Like your still dishonest because you could answer the margin and tax question.
    Jun 20, 2015. 03:03 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    gw

    yes, you are funnier and I'm more disciplined and that's why they gave me the big bucks all those years.
    Jun 20, 2015. 02:05 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    gw

    If, I was asked to use one word to describe all of your postings. That would be the one I would use.
    Jun 20, 2015. 08:52 AM | 1 Like Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    GW

    You showed me nothing, what you showed me is a person who "claims" to have shorted securities after the fact but does not know anything about the margin requirements. Someday you will understand percentages and how to apply it when trading securities whether long or short. Not knowing your exposure to LINE partnership status and the tax consequence that you were required to file last April for any trade made before Dec 31,2014. Not knowing the constructive receipt rules of the IRS is also funny but that's not my problem
    Jun 19, 2015. 08:44 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    GW

    You dodge every question about margin therefore I assume you have not really shorted any security. you have been proven to be dishonest so that's the only logical assumption. You also don't understand percentages nor the v like mathematics that occurs when shorting a dividend paying stock.
    Maybe you should send a message to mc gonicle as he made a post that he couldn't back up. Everyone reading the post will know why giorgiolb showed your dishonesty
    Jun 19, 2015. 07:10 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    gw

    You should re read my post, your cherry picking stocks to start and who cares about the 30 you could name
    You refuse to answer the margin questions . We can assume a normal short is only covered by 50 % margin so your short of 1000 shares would cause a
    smv of 10500 EQ by you 5250 and cr of 17750

    you double the smv to 21000 minus cr of 17750 equal debit balance of 3250
    at 8% margin rate . So your burn rate due to margin 21.67 a month

    So unless you put up more equity you need every month need to pay into the account $125 or increase the debit balance.

    The longer the stock stays within a small range time is not on your side.

    did you notice
    gw

    mc gonicle proved nothing as he has not responded to my questions

    so now you can answer what money did you put up against the short initially?

    try reading FRB reg T if you need a reference. 3 Jun, 04:01 PM
    Jun 19, 2015. 02:53 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    gw

    Lets see every month you are short you lose 1% via dividend pay
    Every month I hold the stock I gain 2%
    1% from dividend and 1% from the short call premium.
    So if LNCO does not move very much by the end of the year
    I will make nearly 20% on my investment and you will have lost 10% on div pay out.
    Should the dividend cut come or prices of oil and gas continue to fall I could lose a nice chunk of change.
    If however prices stabilize or rise you loss increases exponentially.

    Another factor should I gain, all profits are tax free.
    Since you have never acknowledged you margin cost or what type of account
    for tax purposes it's in, plus a k1 is involved it's hard to calculate your p+l
    Jun 19, 2015. 02:12 PM | Likes Like |Link to Comment
  • Linn Energy: 50/50 Odds Of Another Distribution Cut In My View [View article]
    gw

    ok, small bio. Worked p/t after school for Chase while in High School. Drafted out of college. Trained to be Medic and later was volunteer EMT. Never returned to college because of family health reasons. Worked in International Banking until forced to retire because of malignant cancer. Several years later joined US Treasury and retired on 62 birthday. I volunteer to help families understand investing and using the tax code to keep more of their funds.
    Had great mentors over the years who taught me how to trade for my own account.
    Jun 19, 2015. 10:32 AM | 1 Like Like |Link to Comment
  • Bank Of America Offers Investors Little Value [View article]


    Nicholas P. Cheer

    When you put in the article In 2013, Bank of America had the worst reputation of any bank. In American Bankers "The State of Bank Reputations Rankings" in 2014 not much has changed. Bank of America achieved scores at the very bottom of the pack for customers and non-customers
    It becomes a puff piece.
    As long as customers continue to increase their deposits those rankings mean nothing.
    Jun 18, 2015. 06:26 PM | 2 Likes Like |Link to Comment
  • Buy Bank Of America Before Investors Want To Tap The Interest Rate Honey Pot [View article]
    RAYKRV6A

    Your right a bank would like to loan every dollar of deposit to responsible people. Two problems: 1] the government wants loans to the "community for reinvestment" which is code for loans to individuals with less than stellar credit report. 2] Between the under employed (P/T and under 30 hours) and the vast majority of new jobs paying less than before 2008 the credit scores of many have been reduced. Many of the new regulations prevent banks from making loans to those with low credit scores.

    This very slow recovery and the lack on the part of millenniums' to buy on credit will just become a vicious circle.
    Jun 18, 2015. 06:24 PM | Likes Like |Link to Comment
  • JPMorgan Has An Increasing Return On Equity Thanks To An Increase In Retained Earnings [View article]
    romoloni

    Investment banks always review the previous quarter with present quarter as well as year over year quarters within their matrix.
    Jun 18, 2015. 10:53 AM | Likes Like |Link to Comment
  • Buy Bank Of America Before Investors Want To Tap The Interest Rate Honey Pot [View article]
    wd40k

    The fed will raise rates this year. You also might have noticed that new mortgages as a slice of the economy is below average. Commercial banks haven't held mortgages for decades. When you use the word Bank please get more specific as to the type. Community, Regional, Money Center, and Investment. The assumption is that a banks in general will do better because a rate rise increases the depository rate.
    Jun 18, 2015. 10:48 AM | 1 Like Like |Link to Comment
  • Next spot for GE headquarters - Texas? [View news story]
    FA

    More than 50% of the growth of the Austin Metro is fueled by Yankees like myself. We saw the writing on the wall that the cost and weather of the North East was not worth the price. I visit NYC every year for my culture update and take walks in 70 degree weather in JAN_FEB while the snow and cold grips the northeast.
    Jun 18, 2015. 10:26 AM | 1 Like Like |Link to Comment
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