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rffrydr
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rffrydr
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Location: Sunny California
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rffrydr
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rffrydr
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 Posted: Thu Mar 01, 2007 10:28 am Post subject: |
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Stopped out today at 50.30 for 9% gain. Still looking for 48 and will re-enter later at a more opportune point.
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rffrydr
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| Posted: Mon Apr 16, 2007 9:55 pm Post subject: |
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This'll be a good one to watch: at the core of SallieMae purchase with liittle room to epand eleswhere. At 200day overhead resistence.
http://stockcharts.com/h-sc/ui?s=BAC&p=DAILY&b=5&g=0&id=p
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joe0528
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Joined: 22 May 2007
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| Posted: Wed May 21, 2008 9:44 am Post subject: |
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BAC looks pretty attractive at this point, any thought on it?
What's the risk I may be missing in both short-term and long-term perspectives? Thanks. |
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rffrydr
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| Posted: Wed May 21, 2008 9:29 pm Post subject: |
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I'm looking to sell puts at 30. That'd take us back to pre-bankboom values and offers the discount of option price. No need to chase financials anymore. Take a handful and play the ops the market gives you. Value in dividend and no securitization, deposits. Risk, same thing: all things consumer. Hard line on its investment bankers--no "bonus."
Consider buying some Countrywide (or selling puts) for a backend entry. Or some shares of Bill Miller's fund--he's heavy on that.
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rffrydr
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| Posted: Tue Jul 15, 2008 9:00 am Post subject: |
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Okay...make it 20. Wrote the August 20 puts on this beast this morning. As much as I despise BofA they now are in the catbird's seat holding the biggest deposit base (surpassing their regulated limit of 10% after CFC) in the country. And well in the lead in pruning the investment bank side.
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rffrydr
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rffrydr
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LaBelleInvestor
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Joined: 14 Jul 2008
Posts: 14
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| Posted: Mon Jul 21, 2008 8:02 am Post subject: |
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The financials have been hot as of late, but I'm not ready to dip in just yet. When Jamie Dimon, who is conservative and very cautious about what he says. Well when he says this, about JP Morgan, I'd think twice before jumping in.
| Quote: | | “Our expectation is for the economic environment to continue to be weak--and to likely get weaker--and for the capital markets to remain under stress," Dimon said. "We remain conscious that since substantial risks still remain on our balance sheet, these factors will likely affect our business for the remainder of the year or longer. " |
http://www.forbes.com/markets/2008/07/17/jpmorgan-chase-update-markets-equity-cx_md_0717markets26.html
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rffrydr
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