gwynfryn

gwynfryn
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  • Financial names battered as rates plunge  [View news story]
    The 5% rule works for me, A; wait for the SP to find the floor, and start climbing again, and commit the full amount. That means minimising expenses, and having more of your money actually producing profit within days, for more of the time. Tying up your cash, once or in increments (what's the advantage of doing that?) in a stock that's not going up in price, makes no sense at all, to me, but then, I've no interest in being "a long investor".
    Feb 13, 2016. 10:13 AM | Likes Like |Link to Comment
  • Bank Of America: Finally Some Value  [View article]
    Me too; the Saudis are in deep financial doo doo, largely through spending more on arms purchases than any other country on Earth. This rather indicates that their main concern is Iran, not Russia (though both will suffer, as their oil is more expensive to produce than Saudi's). This situation could perpetuate for decades, as, until war breaks out, the Saudis cannot afford to reduce production.
    Feb 13, 2016. 09:49 AM | Likes Like |Link to Comment
  • Bank Of America: Finally Some Value  [View article]
    I don't fault you at all for challenging conventions, tfb; I do it myself, and I don't buy many of them (share buy backs don't benefit shareholders as claimed, and "averaging down" is just another case of committing money to a losing proposition, which is a very silly waste of resources) but rigourous analysis has lead me to know that both "don't try to catch a falling knife" (though it's a daft analogy) and The 5% Rule, are both absolutely sound!
    Feb 13, 2016. 09:43 AM | Likes Like |Link to Comment
  • Bank Of America: Finally Some Value  [View article]
    No, I never have, tf2, but if I did, I'd ignore it; why commit money to something that's going to lose money for you until it turns around (which may be never)? Wait till it finds a floor and starts to climb, commit your full wager (ever heard of the 5% rule?) to minimise expenses, and you are then holding a stock that has a good chance of winning back your expenses in a day or three, and thus immediately putting you in profit. It's not just the % profit you make, it's also about how long it takes; consistently make a modest 0.5% per day, by only buying stocks with a rising SP, and you will double your money each year (which most traders would be very happy with) but leave your money in a stock that's losing SP, then each day it stays underwater is just making it harder for you to make any profit at all...
    Feb 13, 2016. 09:38 AM | Likes Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    So you guys think disposing of large amounts of assets, in the form of cash paid out to buy back shares to be canceled, is a good idea? How is that supposed to benefit shareholders? Management's proper purpose is to maximise Return On Assets in order to grow those assets (it's capitalism, remember?) and not to fraudulently try to maximise ROA by reducing the A part (a.k.a. "cooking the books)! Do you really think that the return is going to remain unchanged after disposing of so much working capital? If so, you must believe in fairies, too!
    Feb 13, 2016. 09:18 AM | 1 Like Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    Nor do they have the billions that any CEO of a large bank has to play with!
    Feb 13, 2016. 09:08 AM | Likes Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    H1, I've only ever met one manager who seemed smart (and he was an R-sole) in any of the many companies I've worked at. Their assumption of management duties is mostly to do with their egos, and competence or smarts don't come into it!
    Feb 13, 2016. 09:06 AM | Likes Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    Share buy backs are just a waste of assets, that do not benefit the shareholders.
    Feb 13, 2016. 09:00 AM | Likes Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    Agreed, OC, earnings only paints half a picture. Also, estimates are just that; if BAC beat them, then the estimates were too low...
    Feb 13, 2016. 08:59 AM | 2 Likes Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    Always will be, tb, as long as the directors are all executives (which is usually the case) in other organisations; they all have a vested interest in pushing up executive salaries in general, and there is absolutely nothing to stop them doing it!
    Feb 13, 2016. 08:56 AM | Likes Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    A capital and a punctuation would also have helped!
    Feb 13, 2016. 08:52 AM | 1 Like Like |Link to Comment
  • BofA raises Moynihan's pay 23% to $16M  [View news story]
    It's more direct than that, SBc; boards of directors are made up of other executives of other organisations, which means that it's in their own interest to help executive salaries in general, continue their ever upward spiral. This is a system just asking to be abused...
    Feb 13, 2016. 08:47 AM | 1 Like Like |Link to Comment
  • Facebook explores line between public safety, free speech  [View news story]
    To be fair, I suppose it should work both ways, 9f.
    Feb 13, 2016. 08:29 AM | Likes Like |Link to Comment
  • Facebook explores line between public safety, free speech  [View news story]
    A rather appropriate typo, "mosque", eh, TBC? Do you know what "Reply" means?
    Feb 13, 2016. 08:27 AM | Likes Like |Link to Comment
  • Facebook explores line between public safety, free speech  [View news story]
    Is it really FB's job to do the policing? Given how much is paid out for the Defense of the Homeland (or whatever it's called) department, shouldn't they be providing the manpower? I realise FB have some responsibility to keep their site clean, but there's a bit of a grey area here...
    Feb 13, 2016. 08:24 AM | Likes Like |Link to Comment
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