All government programs that they throw money at contain, I don't know if I would call it fraud, millions in waste. The biggest problem is the left hand don't know with the right hand is doing and there is no accountability In private sector you approve millions in unauthorized payments your gone. In government they say your overworked and hire you an assistant to do the job you are suppose to do.
I have a ton of C calls myself and a bunch of BAC 2016 15's and 2016 17's. Also hold BAC wts which I think is a good play as they have a long time frame.
gee the libs didn't like that post did they?
Going for a trade in Mu, in at 33.31. See how that pans out. Looking for the 10 pennies and then out for sure. Just going for quick hit. Don't want to hold it.
C has been waiting to break out on its march closer to book value, this may be the beginning. Probably going to $55ish in the next couple of weeks. I have 2016 C 70 calls and 2016 BAC 17 calls and common equity in both. I am very bullish here on both. They are 2 great companies with great prospects.
Sentiment: Strong Buy
I own C also really be waiting for it to smash that barrier again and it really is crushing it today. Agree with you on Bac we just need them to settle and follow up the div and buyback approved.
Highlow, Sold my 15.52 at 15.61. Seems like the game is low 50's to low 60's for the moment. Now that I sold, Bac likely to get the next leg up to the high 15's. I am ok with it. Make a few pennies on the trade. I have had a hard time getting in sync with BAC. Any further thoughts that will prevent me from being stupid appreciated.
$50 was a huge barrier for Citigroup, it busted through today quite forcefully and has huge momentum. Interesting volume too.
If we can get settled with DOJ I think that we will go to the next level quite quickly.
Sentiment: Strong Buy
mason, will not be there he will be exposing himself over on the Toad river, that is his excitement for the day
Hmmmm.... Long-long-term investment for me. I expect it will eventually be the gift that keeps on giving. I'm not really even thinking about selling until 2020. We'll see what the yield is at that point.
If Elizabeth Warren manages to get it broken up in the meantime, the parts are worth more than the sum so that seems like a win-win for me.
Like that? See Master let Poochie out on a bit of a looser leash...alll the way to a bid of ~$15.62 then, YANK! In 5 minutes Poochie got yanked back to $15.55. It seems more a "tactical yank" than anything else...so I'm in for a trade off that line. Looking for 10pennies if I can get it...and remember that ~$15.65 line is the bottom of the July 16 initial downside gap. (The larger downside gap is from $15.65 to ~$15.45) It follows that $15.65 will be a strong resistance "turn 'em back" level for Master. All just my 2pennies worth. Bid now .60.
well libs she has had another day to have tweeted about thse poor people shot down, yet she did not, clearly she is a racist
You're so patriotic! I'm inspired! I just want to recommend you for a Congressional medal... (bend over; here it comes).
Every up day is followed by 2-3 down days...followed by 3-4 days of churning to give suckers time to gather....The cycle then start again...up day..Reel in suckers...down days.....take profits...dump suckers......and churn...baby churn.....and the bac goes on....