WisPokerGuy

WisPokerGuy
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  • At the close  [View news story]
    Reality Check:

    If you look at historical level of the S&P 500, what you said just is NOT TRUE. I wish people would stop looking at the PE level on Amazon and think it represents the entire market. It just doesn't and it didn't even BEFORE this correction. Good grief. The market goes down 10% and people like @Facjob run around screaming that the end of the world is coming. Has everyone forgotten how capital markets actually work? Major banks trading at .60 on a dollar and with a 2.5-3.0 dividend are NOT over-valued. In fact, just the opposite.
    Feb 5, 2016. 04:48 PM | 3 Likes Like |Link to Comment
  • At the close  [View news story]
    That's cause it's already imploded. LOL

    Cash machine true. But ZERO growth in any area that really matters & the management are a bunch of clueless robots. I just don't get the love people have for that company?
    Feb 5, 2016. 04:39 PM | 5 Likes Like |Link to Comment
  • Goldman cuts payroll and Fed rate hike outlooks  [View news story]
    I'd be shocked to see any more then a single rate hike this year. People who are predicting 3 or 4 are living in a different universe. It just isn't going to happen. Remember, these are the same cast of characters who were predicting a 3.00-3.50% rate on the 10-yr treasury in 2015. I'm pretty sure The Fed doesn't even know what they are going to do in 2016. How would these "experts" know?
    Feb 4, 2016. 01:36 PM | 4 Likes Like |Link to Comment
  • Financials lead reversal lower in markets  [View news story]
    I don't know much, but I do know this...

    There is NO WAY in an election year that the Fed is going to inject ANY amount of capital into banks. First, the banks don't need capital. They are as fully capitalized as they have been in decades. Second, there is ZERO political will to do anything as unneeded as that stunt.

    Interest rates are stumbling around below 2% and we've seen this complete over-reaction several times before with regards to the banks. These are massive buying opportunities. For instance, Citi at .55 on a 1.00 is ridiculously cheap. BAC too. Unless you believe we are headed into a deep worldwide recession, financials & energy are great long-term buys right here. If you believe a recession is coming, go 100% cash because the market is headed 40% lower.
    Feb 3, 2016. 11:03 AM | 15 Likes Like |Link to Comment
  • Yahoo to cut 15% of workforce as part of strategic plan  [View news story]
    That's exactly what I was thinking. Who's left??? Marissa Meyer and the guy who empties the wastebaskets every night?

    Seriously, the executive board of Yahoo should NEVER get a job with ANY company in ANY business. EVER! What was it, about 4 years ago Microsoft wanted to buy Yahoo and the then CEO turned them down! Good grief. Steve Balmer bailed out a lot of worthless businesses in his time as Microsoft CEO by over-paying for worthless technology & the board at Yahoo was too ridiculously stupid to take his golden ticket??? How idiotic is that?
    Feb 2, 2016. 07:06 PM | 2 Likes Like |Link to Comment
  • Brace For A Big Sell-Off In BP  [View article]
    Someone smarter then me once said "Whenever there is blood on the streets, opportunity presents itself". If you are a day trader, then trade. However, if you are a long term investor, the destruction of oil companies present one of the greatest investment opportunities to "buy low" in the last 20 years. Just my opinion, but I bet I'm right.
    Feb 2, 2016. 08:05 AM | 25 Likes Like |Link to Comment
  • BP reports major annual loss, cuts more jobs  [View news story]
    The question is whether you believe there is a supply glut or lack of demand. If you believe the former (as I mostly do), then tell me in what economics class it was taught that lower raw material & energy costs were ever bad for business?
    Feb 2, 2016. 06:25 AM | 5 Likes Like |Link to Comment
  • 'I Went To Cash Today'  [View article]
    Anyone who watches CNBC and follows Brian Kelly knows him as a long-time "perma-Bear". When asked to comment on any particular stock, he invariably answers with his standard line "I'd be taking profits here". So far in 2016, this looks like sound advice. HOWEVER, when an analyst has been giving the same exact advice for the last 6 years during one of the biggest equity run-ups in the history of civilization, any investor needs to pause and reflect on just what you would have missed by listening to guys like Brian Kelly.

    Someone smarter then I once said, "Bears only have to be right once to say 'I told you so' while Bulls have to be right everyday". There are a LOT of so-called stock experts on TV like Brian Kelly, Steve Cortes and their ilk that have been preaching the exact same sermon for the last 6 years. One day they'll be right and take a bow. However, look what you would have missed had you been listening to them since 2009?
    Feb 1, 2016. 09:46 PM | 5 Likes Like |Link to Comment
  • Inside My Portfolio: What I Hold And Why  [View article]
    Suggestion - if you are going to write an article like this, it would be nice to explain some of your "dog holdings" like FCX too. Otherwise, the actual worth of an article like this diminishes greatly. Just saying.
    Jan 31, 2016. 06:40 AM | 3 Likes Like |Link to Comment
  • Report: Apple creates large virtual reality team, has built headset prototypes  [View news story]
    Check your history. Apple rarely is the first into any market. Just review the history of the iPhone introduction. However, whenever Apple does enter a product line, they more often then not make the product better and more consumer desirable then any of the other manufactures and eventually end up as the dominate player in the marketplace.

    You create value by making things people want - not by making the first iteration of a product. Back in the 70's Phillips invented the VCR and we all know who ended up making the most money manufacturing VCR's. Same situation - or at least it could be. Having $200 billion in cash reserves to pluck up rivals doesn't hurt either.
    Jan 30, 2016. 12:15 AM | 4 Likes Like |Link to Comment
  • Report: Apple creates large virtual reality team, has built headset prototypes  [View news story]
    It helps to have $200+ billion in accumulated cash to buy up potential rivals when you are making a move into some new area. This is a FACT that many of the "I Hate Apple" crowd (Mr. Blair?) seem to always forget.
    Jan 30, 2016. 12:10 AM | 12 Likes Like |Link to Comment
  • Ford Motor beats by $0.08  [View news story]
    Yeah... you do that (eyes rolling).
    Jan 28, 2016. 07:38 AM | 3 Likes Like |Link to Comment
  • PayPal beats by $0.01, beats on revenue  [View news story]
    And thank god PayPal doesn't have the eBay weight hanging around their necks anymore.
    Jan 27, 2016. 06:17 PM | 1 Like Like |Link to Comment
  • Why I Bought More IBM Stock After Its 'Terrible' Earnings  [View article]
    Every gambler will always tell you about his "big wins". I find myself wondering about the other sign of the coin for you Willow???

    Every firefighter I've ever met will always say the single most dangerous job is to be the guy who goes through the door first in a burning building. Backdraft. Therefore, I'll let you buy this dog of a stock here and take my money to far easier places to make a buck.

    Best of luck. I think you may need it.
    Jan 20, 2016. 05:55 PM | 2 Likes Like |Link to Comment
  • Why I Bought More IBM Stock After Its 'Terrible' Earnings  [View article]
    Hey Willow...

    When the buzzards are circling, there is usually a reason why? Like maybe some "dead meat" laying around?

    Many of these same comments remind me of when RIMM (now Blackberry) was hovering around $40 a few years ago. Of course there are many differences between IBM and BBRY. However, the point is that just because something looks cheap doesn't make it cheap - or even a buy. IBM is in a long term secular decline as a relevant tech "giant". Part of that is due to mismanagement and part of it is due to a drastic cut in R&D over the past decade (again bad management) and part of it is due to just how the tech landscape is changing moving into the 21st century. IBM got left behind and may never be able to catch up. I doubt they will - especially with this management team.

    Back in 2011, Blackberry could NEVER go below $40. Except when it was below $10 a year later, of course. Therefore, saying IBM probably won't go below $80 is idiotic.
    Jan 20, 2016. 04:43 PM | 1 Like Like |Link to Comment
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