anarchist

8 Charts for Trading Financials

OK, I bought BAC with my "play doe" and I wish every stock I own had done as well. I knew that $3 a share was ridiculous so I got in. The author of this article suggest using covered calls and while that is probably a good idea the last time I looked the premiums were zip. I sold a third of my BAC at $15 and change for a nice profit but if the premiums on options look any better in the next options cycle I probably will sell some calls. These stock are going to be the financial leaders of the future, just depends on your investment time frame. I am retired so I an not going to wait for BAC to become the financial powerhouse I think is in it's future.

Dividend Aristocrats Survived September

It may be time for "the government to gain ownership of public companies", they can't run themselves profitably, they lie and cook the books so maybe it's time to Nationalize the banking industry. The U.S. has long had heavy regulations on Utilities because it is necessary for them to serve the public and not be jacked around by price gouging and incompetence. Well we are now told that the free market economy can't function without the banking industry which has proven itself incompetent thus needing strict regulation (another word for Nationalization).