BAM got it. Hello 7% yield with huge growth opportunities.


So what are you doing in the market today DOMS since I know you will find this thread within 15 seconds.
Freaking down 0.09 more and my buy on BAC is triggered - FREAKING COME ON.
Ron Paul 2012
No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?


BAM got it. Hello 7% yield with huge growth opportunities.
Ron Paul 2012
No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

I just placed an Iron Condor on KO. I like trading ICs on KO because it isn't tied to the economy so much and even when the Dow (or S&P) takes a dump, KO just putters along.
What I hoping is to take advantage of the slide by finding a good straddle.![]()
So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.

Gah! And wouldn't you know it? The only stock whose prices is good for a straddle, CNW (Con-way) has too high an implied volatility! Grrr...
So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.

This is my 401k![]()

It's sad.

So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.


Why wouldn't you invest in a mutual fund in a downward market? It's the same principle as buying stocks sort of. Buy hurt funds that have good managers and sit for the long haul.
Ron Paul 2012
No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

Because if the overall market is going down, then the funds will be going down, too. I'm not willing to buy into an invest that's going to go down. Not even if it's only in the short term.
If you really must invest of a fund of some sort, invest in a hedge fund. They're allowed to do stuff like shorting and option trading.
So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.


I was under the impression that to have a hedge fund even consider you, you need to have like 50k to invest. I don't have anywhere near that kind of money right now (just graduating college).
I guess that's where we differ though, I'm fully willing to take a hit in the short term for huge growth in the long term. That's why I've been buying BAC even though it is hurting a lot from all of the mortgage and credit problems - I can't see it failing and I feel that it will go up a lot in the long term. That and I locked in a pretty sweet yield by buying it so low.
Ron Paul 2012
No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

I wouldn't be surprised. Hedge funds are considered, rightfully so, to be riskier than mutual funds.
You're an investor, I'm a speculator. Very different time frames.
I think that BAC is a decent investment because of the dividend. I just wonder if they can go on paying it. And yes, BAC isn't going anywhere. Worst case for a bank, or a brokerage, is that they'll be purchased by another.
So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.

If you're looking for a good story of how bad a hedge fund can get, look up Long-Term Capital Management. The fund that almost ruined the world economy.
So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.


They've already announced that they will not be cutting dividends this quarter, so we're set on that one.
What's really going to be the turning point is when the hundreds of billions of Fed loans to the banks come due I think in July or August. That will make or break BAC; if they didn't borrow too much then they will look like solid gold compared to the banks who are now knee deep in debt that they might not be able to pay back without selling off a lot of assets or raising more capital. If they play it right, BAC might be acquiring a ton of stuff for pennies on the dollar.
Ron Paul 2012
No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?

I take it that you've gone over the 10Ks and 10Qs? Listened to the last few conference calls?
So many cries of inequality stem from one of group
of people doing little or nothing and then bitching
about another group that actually does something
to improve their lives.


Not for over a month - this month I haven't had time to do anything but study and take finals. My buy price was pre-set from a while ago.
All of my ideas there are purely common sense ideas. BAC has the resources available to be purchasing CFC (which by the way, why the hell are THEY paying a dividend still?) so they will likely be able to purchase smaller divisions of other companies IF they go on sale.
Ron Paul 2012
No gym for home, work out floor with 30, but is it for 20 like 30 lb when you no lift it to be for men, for 30 lbs instead? or half is 10 for 20 pounds?
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