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NYCTEXASBANKER

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  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    j chen

    Since the creation of SFY where is this subprime consumer and high yield credit?
    Sep 12 10:56 AM | Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    J I T
    I worded it wrong so RLP didn't understand it I was not about to speak about carry forward losses.
    Sep 12 10:54 AM | Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    RLP

    It seems I used the wrong term.
    he had a loss what does it ultimate do to the tax to be paid.
    It becomes a credit to the tax debit
    he said a loss of $700 (more after taxes)
    inferring an additional debit because of taxes.
    I had assumed everyone would understand that however
    you have proved I was wrong.
    Sep 12 10:50 AM | Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    rlp

    Limit on deduction. Your allowable capital
    loss deduction, figured on Schedule D (Form
    1040), is the lesser of:
    $3,000 ($1,500 if you are married and file a
    separate return); or
    Your total net loss as shown on line 16 of
    Schedule D (Form 1040).
    You can use your total net loss to reduce
    your income dollar for dollar, up to the $3,000
    limit.
    JDJEJC45 said
    Sold it 1 year ago taking a loss of $700 (more after taxes).
    the loss should reduce his taxes
    Sep 11 11:06 PM | 2 Likes Like |Link to Comment
  • Bank Of America: Buy Before Everyone Else Does [View article]
    gdm712

    Sorry your generalization is incorrect. there are a lot of banks who were not effected by the mbs problem. Many banks lost value because of the chicken littles who sell for the wrong reasons. A lot of small banks never missed a beat.
    Sep 11 10:58 PM | Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    rlp
    if you have a capital loss you take it against the tax you would have paid before the loss
    Sep 11 10:53 PM | 3 Likes Like |Link to Comment
  • Wells trumpets performance vs. peers in presentation [View news story]
    gbstern13

    I have to disagree, with your assessment. I happen to like WFC however
    the operations have made some errors recently to my accounts. The other glaring problem is the advisors platform needs a major overhaul. If the housing continues to decline in several areas you will start to see it in the 2015 numbers
    Sep 11 10:45 PM | Likes Like |Link to Comment
  • Bank Of America: Buy Before Everyone Else Does [View article]
    steve
    Where were you two years ago when the stock was half the present price?
    Sep 11 10:27 PM | 3 Likes Like |Link to Comment
  • GE: 40% Upside Potential With Limited Downside Risk [View article]
    JDJEJC45

    If you Lost $700 you get a tax credit not additional tax.
    Sep 11 10:19 PM | 5 Likes Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    drgrier

    I'm originally from Queens NY. Worked Part time for Chase in HS. Traded with my dad's help my first option in 1962 thru a put & call dealer. I grew up in an apartment on the 6th fl . I only knew the vertical world until after being drafted in DEC 68 I was sent to Ft. SAM in San Antonio which was a one horse town not the beautiful city it is today. (the hemisphere and river walk was just starting construction.). Went up to Austin for a weekend before we graduated from Medic school. Now you know the UT tower was one of the highest building back then. This was the horizontal world I did not really understand. Today I live about 25 miles from the Texas state Capital. Because of malignant cancer, the chemo side effect was that I became cold intolerant and remembered the great people and warm weather down here. I assume you know where the LEM was built by Grumman and I lived 2 miles from there when I had enough money to buy a house in the suburbs.
    I enjoy doing a few trades a day as a banker I was brought up using the cost of funds theory. My free cash flow from covered calls is between 40-50k. I also enjoy the warm winters.

    hoping we all do well and good luck
    Sep 10 07:23 PM | Likes Like |Link to Comment
  • Bank Of America: A Deep Value, Low-Risk Investment With At Least 20% Upside Potential [View article]
    Wharton 2002

    I agree a move to 30 for BAC in the near term is not in the cards. When you do your calculations for inflation how do you adapt for commodities and industrial deflation of costs? Example a computer in 1982 would cost $1500 while the same computer today cost about $500.00. The first hand held electronic calculator by HP cost $105 today a credit card size is for $4.
    Sep 10 05:10 PM | Likes Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    DRGRIER

    When your talking options vs stocks your in a different trading arena.
    example at 2:30cdt sep 10 the 15 leap 16 is 2.62. and the present price was 16.38. I'M ASSUMING that you need 17.10 as a squaring number.
    Commissions' and fees are the killer. assuming you bought 10 calls your cost would be 2000 + commissions/fees around 17.00 and another 17to get out so at the moment your up around 450-475 if you sold the calls
    the main problem is until it reaches 17.10 you ultimately have a paper loss because of time decay. Now for some the risk is not that bad however if you use a cost of funds reference like I do it minimizes the short call while it hurts going long,

    wish you good trading.
    Sep 10 04:18 PM | Likes Like |Link to Comment
  • Analysts come out mostly favorable on GE spinoff Synchrony [View news story]
    STOFA
    No Apple will replace the merchant service while SFY is the credit provider
    Sep 10 07:50 AM | Likes Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    drgrier

    Are you aware that the DOJ settlements preempt many civil suits against the banks?
    Sep 9 02:19 PM | Likes Like |Link to Comment
  • Brighter Future Ahead For Bank Of America, Stock Undervalued [View article]
    hl1956
    IF you bought during most of the 2qt of 2009 you made 100%.
    You should remember the classic line
    bulls make money, bears make money pigs get slaughter
    Sep 9 02:16 PM | Likes Like |Link to Comment
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