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.

There’s Opportunity in Custodial Banks Northern Trust and Bank of NY Mellon

thanks again for the plays. I especially liked NTRS. I think that by Jan. 2011 the people that bought our calls will have a smile on their face-us too!

The Weakness of the Treasury's New Bailout Plan

I am not so sure all the legislators, economist, Prime Ministers, etc. are lying. I think they are in a state of panic and don't know what to do. Maybe they are limited by what they think the people will accept? In SA one sees comments demonstrating a resistance to "socialism", regulation and "nationalizing" which I must assume is the rallying point of Americans in general. So instead of doing any of the above they piece-meal it to death, always behind the curve with no imagination. I have heard how smart Paulson is as well as the Fed. Chairman but smart people do dumb things when in a panic.