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  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    I don't see that being down 30 cents is really all that much of a message. BAC is still above where you predicted a "big hit" a few weeks ago. Is there any reason you would be more accurate now?
    Jul 16 11:34 AM | Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    The "indefinite" nature of litigation is where we disagree regarding what is material. Sure, there will be litigation, but BAC isn't getting into another Countrywide or Merrill . One more big settlement, and it is off to the races. Why should I wait to buy BAC when it's in the 20's?

    Hint: The earnings do matter.
    Jul 16 11:22 AM | 3 Likes Like |Link to Comment
  • 'New Bank Of America' Is Finally Here [View article]
    Why would you wait until everyone says buy and then the price is already in the 20's. That's what makes no sense.
    Jul 16 11:17 AM | 2 Likes Like |Link to Comment
  • Capitalizing On Cannabis: A Dark Cloud Lingers [View article]
    Until there is a legitimate (and sizeable) market for legalized cannabis, these stocks are extremely risky and highly prone to preposterous valuation bubbles. When there is an actual product that can be sold without so much incredible hassle, the big tobacco companies will grab the market and simply integrate the product in with their current distribution systems... i.e. .. to be sold like cigarettes. I can't think of an investment in the current sector that I'd make at this time.

    Many of these companies are set up to pay big dollars to those running them at the expense of investors, and that is their real business.
    Jul 15 03:23 AM | 1 Like Like |Link to Comment
  • I Found The Cheapest Stock In The Stock Market [View article]
    At the current valuation, I have ANR as a buy. $3.31? This will do 3.75 on the next bit of news that isn't gloom and doom. I bought 20k shares at this price friday.
    Jul 12 11:11 PM | 3 Likes Like |Link to Comment
  • Bank Of America: Get Out Now, The Bank's Coffin Is About To Be Nailed Shut [View article]
    So, are you recommending just selling BAC, or selling every bank and every stock and buying gold and putting it under your mattress? I don't see why the crisis as described would warrant singling out BAC as a bad investment. If a large global correction should occur, then am I better off for having my money lost in another stock?

    Typically one would expect "the nail in the coffin" scenario to be specific to BAC. However, this is because the fed will stop QE. Makes sense, because I can't think of another stock besides BAC that this could impact? What?

    IMO, this is your worst article. No reason for BAC to be connected to these events any more than another stock. A completely illogical leap to a conclusion that if the sky falls (and I feel a raindrop) then head for the hills - but dump your BAC first.

    Amazing that the editorial staff wants to crank on some quality authors, yet they are all too willing to publish this sort of nonsensical tripe.
    Jul 11 09:37 AM | 2 Likes Like |Link to Comment
  • Bank Of America: Giving Regulators The Finger [View article]
    Who do you think benefited from the loans? How about people who never should have been able to buy a house, and who never paid the money back? How about people who blew their rising home equity like it was a free atm? And then walked away when the bubble burst.

    The idea that the banks are the sole evil here is absurd. The idea that society needs to punish the shareholders of an acquiring company so many years later - is even more absurd. This is class warfare against people who worked and paid taxes and saved and invested. Why are there no criminal charges? Because they only thing the DOJ is interested in is money.
    Jul 10 11:28 PM | 4 Likes Like |Link to Comment
  • U.S. grounds the F-35 [View news story]
    By far the biggest waste is on entitlements. Military spending is a drop in the bucket compared to the enormous waste in our social services programs - many of which are gamed by the very people they are supposed to help. And this because the government is stupid enough to hand people money for nothing.. which (surprise!) keeps them coming back.

    The very crux of social programs is that they never hold people responsible for anything. So the COPD patient who smokes 2 packs a day gets hospitalized 3 times in 3 months - at a cost to taxpayers of over 30K. Cost to the patient? Nothing! In fact, we give the patient the money to smoke, so we are paying for the entire game. We pay for their living, their pills, their booze, drugs and cigarettes. Then we pay for their health care. Examples of this abound, because they are not the exception - they are the rule.

    Until they reform the system for benefit limits and enforce some level of responsibility, we will slowly watch America sink as it is held hostage. Not by the enemy from without, but by the enemy from within.

    It is disgusting for me to see a person who works and actually pays their own bills that must skip healthcare because the cost is outrageous. And then some druggie on disability can have unlimited health care and even free ambulance rides to and from the hospital. They don't pay anything whatsoever. So if they want to try to get a little dilaudid for a good time, they call 911. The taxpayers even suck up the cost to send them home by transport. And you better bet that they have asked for a pair of "those free hospital socks".

    Or heck, let's just print more money and use that to pay for this. That way it's free!
    Jul 5 01:13 PM | 7 Likes Like |Link to Comment
  • Bank Of America - As Deutsche Turns Bullish, I Remain Cautious [View article]
    You are not in too soon in the great scheme of things. Yes, I always beat myself up by missing when I start an investment. In BAC's case, I averaged down in a big way. If you never took a position in anything, you couldn't make any money. We are all going to invest and watch our stock drop. That's part of the game.

    I think if you wait, you'll do fine on BAC.
    Jul 5 09:40 AM | Likes Like |Link to Comment
  • Bank Of America - As Deutsche Turns Bullish, I Remain Cautious [View article]
    In general, banking is about to become a favored sector, especially as the economy improves with better employment numbers. I am betting that BAC hits 25 by Jan 2016. The bogeyman/bogeymen will have been outed well before then and the stock will start to perform based on earnings - which brings us to 25... possibly more. Moynihan is about to shine as CEO, imo. A tremendous amount has been accomplished in this last few years - and the market will start to recognize it.
    Jul 5 09:35 AM | 2 Likes Like |Link to Comment
  • Bank Of America - As Deutsche Turns Bullish, I Remain Cautious [View article]
    Exactly what creates the opportunity here. When there are concrete results, you will have missed a big move.
    Jul 5 08:15 AM | Likes Like |Link to Comment
  • Bank Of America - As Deutsche Turns Bullish, I Remain Cautious [View article]
    I am up to my eyeballs in BAC 2016 $15 calls. By far my largest position. BAC at 25 is a 4 bagger for me. Not as good as a 10 bagger, but I will happily settle for a triple if I can't get a home run.
    Jul 3 05:37 PM | 1 Like Like |Link to Comment
  • Bank Of America - As Deutsche Turns Bullish, I Remain Cautious [View article]
    Banking is about to become the favored sector. BAC will be the value pick.
    Jul 3 02:18 PM | 2 Likes Like |Link to Comment
  • Bank of America Donates More Than 240 Properties in Florida to Nonprofit Organizations Supporting Military Veterans and Their Families [View article]
    Well, here we are. Bank of America did a nice thing! Go BAC!
    Jul 3 11:12 AM | 1 Like Like |Link to Comment
  • Encana sells Bighorn assets to Jupiter Resources for $1.8B [View news story]
    What it would mean is that ECA has better property they are going to be drilling for quite a while to come. Better to get cash for this asset and put it where they can get a return. Otherwise, it just sits and there are holding costs. This is a good move. They can always buy more property later.
    Jul 3 02:22 AM | Likes Like |Link to Comment