February Stock Talk

 And the winter of our discontent continues....

When do we see BAC in the 4's and then 3's?

BAC is seriously regretting some purchase the last year or so, that CFC buy was a huge mistake.

Being in the banking industry I wouldn't touch any bank at this point.  No way.  Maybe for a quick reverse for a stock that has been beaten down, etc but not long term. 

I believe we are just starting to see the delinquency and foreclosure problem start to manifest itself. 

We are in for some more hurt.  A lot more hurt.  Should be a rough 2009.

bofa nationalization rumors today

sort of sparked the 2% selloff around 1p eastern

its a turd. bofa is insolvent...paid too much for cfc and merrill. i think we all laughed about the cfc buy when it happened. how were we laughing when Ken Lewis overpaid? why is he so dumb?

Arrogance.  He's just arrogant. 

What you guys think about FXI?  I bought some of it today

not sure if yo guys get into forensic accounting at all for potential shorts but citronresearch.com is a good read

check the online education sector: apol, esi, ceco and a few others...they've done remarkably well the last 6 months and im not sure how

citron did an APOL write up this month...interesting stuff

 That site has been a very interesting and at times devastating read for me...they do a real number on the flimflams that float along...

  As for Lewis et al...they are all filled with hubris. The whole lot of them. They really believed the masters of the universe crap. Re- reading The Best and the Brightest, combined with Liar's Poker lets some light in on the pathologies of people like Thain and company.

  American CEO pay went from 40 times average pay to 400 times.That would swell the head of even the humblest person.



 

I bet they regret the Merrill purchase more.  It was trying to be a good guy in helping out the USG and allowed the Treasury to get their hooks into them.

We are in a range trading.  One can make some good money if this keeps up between 7900-8600 or so.

It looks like the market does not like this "bailout" package..its ugly today.

It is probably because the market hasn't a clue what Geithner proposed.  And to be honest neither does Geithner.

I understand trying to get this run along the stimulus package is smart but sending out a half-backed package is screaming to get knocked on its head.

SIRI swiriling, too much debt and frozen credit markets.

I never understood why XM wanted to join up with SIRI. XM was profitable, much less debt and seemed to be handling things, to join up with a bloated mess like SIRI.

Well it looks like an 11 so the shareholder gets the pipe and the company will return again, only to offer yet another shorting opportunity.

  Older news but raises my question:how many people have doubts about the actual physical holdings of this and GLD...as far as I know it could be another Madoff trading floor...

Holdings in SPDR Gold Trust, the world's biggest exchange-traded fund backed by gold, hit a new record high of 843.59 tons Thursday, according to latest data from the fund. SPDR gold holdings have jumped 63 tons, or 8%, in one month, as investors increased buying for the metal as a safe-haven against the economic crisis. Holdings in SPDR are now nearly 80 tons higher than official gold holdings in Japan, the world's seventh largest official gold holder.

Things looking pretty gloom and getting worse.

Here is an interesting thought..

Anyone think GE cuts their dividend? Right now they are yielding 13 percent based on div and price.

That would be a huge shock to have the "mothership" cut the divi and it would be a big deal market wise..

 Gotta think they will....bu have no real basis for that, perhaps just read too many dire predictions.

  Meanwhile SKF is just rocketing

Vermeer,

Holy crap that SKF is flying, didnt they distribute like 200 bucks in capital gains as well?

I imagine if you factor in the cap gains distribution the price might be close to 450 or so.

Here are a few other high divi stocks.

WFC at 13%
USB at 17%
Q at 9.5%
RBS at 16%

wall - the divs are unsistainable...same with GE

ge is a financial...they do other stuff but GE finance is where they made their money

every time barry or tim or ben speaks you can short the market...never fails

Too bad this thread has died lately..nobody doing much.

I bot some KBE today at 13.25, longer term retirement hold..good opp divi wise and price wise, I like the opp longer term.

Also looking at getting back into CRDC down here and others like DPTR, maybe the leveraged financial ETF too.