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Tom Sr

Tom Sr
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BAC, BK, C, F, FCX, FXI, GE, GM, HLF, JPM, MCP, MOS, MU, NG, NTSP
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  • Bank Of America And Merrill Lynch Avoid Death Penalty [View article]
    Don,
    For what it's worth I thought the article was well done and being very careful is sound advice. Its relatively high Beta would suggest it may currently be a good trading vehicle (?).
    As for "our great leader, President Obama" I'm hoping that's a sarcastic reference - a phrase more likely heard from North Korea or in China's days of "The Great Helmsman, Mao". For the filthy politics of South Chicago, home base for Obama, Jarrett, Holder and other followers it should be "The great Oblame'er". With the fines for BAC the little guys will be hurt the most - laid off probably. For any executives guilty of criminal behavior; find which ones, fine them and put them in jail. Those guilty of horrible judgment - fire them.
    Aug 22 07:20 AM | 1 Like Like |Link to Comment
  • Bank Of America - Nearing Inflection Point [View article]
    Haywood & AllgoodGuy,
    Give funfun time. It's 6 hrs time difference from his UK bully pulpit. There will plenty of the repetitious dirt dribbling and venom spewing to ignore. Wharton is quite different and definitely worth reading IMHO. Nothing wrong with seeing both sides and unlike the former "chap" Wharton's data is well supported and factual. We get both facts and opinion. Some of the "dialog" with other skilled posters gives us a better full picture.
    All is my opinion.
    Aug 20 12:49 PM | 1 Like Like |Link to Comment
  • BoA Expected To Pay $16bn To U.S. Regulators: What Does It Mean For Shareholders? [View article]
    Wharton,
    As a reluctant BAC shareholder your 1st Para. says it all IMO. I've been using OTM calls and puts in various combinations for pretty decent returns while I wait it out. Your posts have been very well supported both + and - IMO. Unlike the Brit funfun who only drives his angry hate BAC agenda.
    Aug 14 07:43 AM | Likes Like |Link to Comment
  • BoA Expected To Pay $16bn To U.S. Regulators: What Does It Mean For Shareholders? [View article]
    Wharton,
    As a reluctant BAC shareholder your 1st Para. says it all IMO. I've been using OTM calls and puts in various combinations for pretty decent returns while I wait it out. Your posts have been very well supported both + and - IMO. Unlike the Brit funfun who only drives his angry hate BAC agenda.
    Aug 14 07:39 AM | Likes Like |Link to Comment
  • BoA Expected To Pay $16bn To U.S. Regulators: What Does It Mean For Shareholders? [View article]
    Wharton,
    As a reluctant BAC shareholder your 1st Para. says it all IMO. I've been using OTM calls and puts in various combinations for pretty decent returns while I wait it out. Your posts have been very well supported both + and - IMO. Unlike the Brit funfun who only drives his angry hate BAC agenda.
    Aug 14 07:39 AM | Likes Like |Link to Comment
  • Bank Of America: Short-Term Obstacles Outweigh Long-Term Value [View article]
    Dave,
    Actually if you don't hang on the valuation "gain" or "loss" it's been fairly easy to sell OTM calls and buy them back cheaper. My per share gains stand at .80 per share this year in one account and .31 in another account (it has one really dumb trade on my part). So, if you will, I've been treating it as an "income stock".
    This IS NOT a recommendation to buy BAC and I'd rate it much as you did (for whatever that's worth). Just saying that there are ways to gain from a dog if you can wait patiently. And it could be a long time.
    There's nothing useful in an agenda alleging ongoing fraud, ethically crippled management, or derelict directors (and you didn't) as the Brit, ff, continues his silliness. Unfortunately it does clutter up any BAC articles.
    Aug 6 01:34 PM | Likes Like |Link to Comment
  • Bank Of America: Short-Term Obstacles Outweigh Long-Term Value [View article]
    healthpicker,
    Agree but this Fed, Administration, Treasury...(pick any one or all) doesn't need one. If they want a reason, they create one or change the rules. And unfortunately BAC has enough open sores for the "Govt." to play games as long as they want.
    I'm not necessarily a fan of BAC but have bought, sold, and traded options on it since late spring of '09. The results have been just fine. What it was in 1995 is as irrelevant as a Brit with an agenda. BTW, I suspect you've read it but Don Dion has a fairly decent article.....proving he can write with some balance and reason.
    carry on :>)
    Aug 5 11:48 PM | Likes Like |Link to Comment
  • BofA ordered to pay $1.3B in "hustle" case [View news story]
    The Govt. asked (perhaps begged or threatened - take your pick) BAC to buy Merrill Lynch. Not Countrywide. That has not slowed the Department of Prosecution from going after BAC for ML's issues..
    Jul 30 04:21 PM | Likes Like |Link to Comment
  • Buffett Backs Bank Of America [View article]
    Question....
    W/R to "several trades, all profitably, in the past five years". Is that for the record? Previously it was "in the last year" but you changed to "one in the last year for the record".

    What's the relevance? Would just like to know the truth. Have done well with 21 BAC option trades this year. But alas, only 18 have been profitable. Overall net is quite good but not 100% success rate.
    Jul 21 11:03 PM | Likes Like |Link to Comment
  • Is Bank Of America A Better Buy Than This Peer? [View article]
    Scoreboard, (with cc to TexasBanker)
    Wonderful heartfelt words. Let's hear it for the many out there who did succeed or will succeed. Add Dave Thomas, Wendy's founder, to that list - 8th grade if I remember right. Mr soursour's insulting twist of words with respect to education reflects only on himself. The agenda; symbolic prosecution of BAC. Anger and contempt from a canned set of insults, direct or implied, await those who question or differ. Poisoning oneself from within can't be fun......

    BAC will weather the litigation - some deserved and some undeserved.
    It will subside to noise levels after "the elections" IMO.

    My opinion anyway...
    Jul 21 10:39 PM | Likes Like |Link to Comment
  • Bank Of America: Slowly Getting Back On Track [View article]
    Thanks Bret,
    I believe for the most part the big funds are warming to BAC. The MS rating is much to the dismay of a certain "individual investor" I'm sure. Banks are up premarket but today's options expy may cause who knows what....(if one is an investor it doesn't matter). Today and next week will be interesting for BAC and Market watchers IMO. What sort of windage will the investment community put on Gaza, the Ukraine, and our Campaigner in Chief (doing another fundraiser in NY last night.....).
    Jul 18 09:30 AM | Likes Like |Link to Comment
  • Bank Of America Shares On Sale Following Earnings [View article]
    mag1205 and Josh
    Actually there was an interesting article titled:

    Will Bank Of America Top The Whisper Number This Quarter? - Bank of America Corporation (NYSE:BAC) | Seeking Alpha

    I can't seem to show it here as a link but you can probably search it. The data is very interesting IMO. My take was that unless the "Beat" was overwhelming BAC would drop. There's also data that shows it recovers to varying degree whether Beat or Miss. Recommended reading.

    I would be very interested in our Michigan State writer views too (even though I'm a Purdue grad). {:>]
    Jul 16 01:09 PM | Likes Like |Link to Comment
  • Update: JPMorgan Earnings [View article]
    Although bench strength is probably quite good, let's wish Jamie Dimon a full recovery.
    Jul 15 01:05 PM | Likes Like |Link to Comment
  • Here's What The Buy Side Expects From Citigroup [View article]
    Poker Guy and Jason B,
    Two good response posts but tarnished a bit by an unnecessary insult and a vitriolic response IMO. (my thought not personal and I'm sure as H not perfect either). The 2Q results do worry me as C continues to surprise and the various authorities continue to prosecute for populist approval and election votes with their "hate the banks and hate big business strategy" (IMO). While I too see C as dead money short term - in spite of a lot of progress - if the opportunities come together the future should be very good. Short term I hope "whatever" doesn't cause the stock to go low 40's as that would be painful. I too have written OTM covered calls for nice gains and used the Covered straddle to buy a bit more at a price subsidized by the OTM calls. Obviously long C and in for the long term. Some in an IRA and some in a "taxable acct".

    All the best in your investing
    Jul 13 11:46 AM | 2 Likes Like |Link to Comment
  • New NHTSA probe covers 500K Ford vehicles [View news story]
    Tdot,
    Thanks. Very helpful input. With all the publicity on GM's issues I've been wondering when F might draw some fire and if so, what the stock reaction might be. (No more Pinto's please). Fortunately the media where the most sensational story, with the most blood and "who can we blame" has an abundance of calamities to apply their journalistic jurisprudence right now.

    I had a '73 Ford years ago and didn't like it. Perhaps I should sue them.
    Jul 11 02:55 PM | Likes Like |Link to Comment
COMMENTS STATS
186 Comments
131 Likes