First of all as I said I have already looked at the banks that have been trading below tangible book, so even if it was trading below tangible book, I wasn't going to go look at everything else that would need to be done.
Second of all, are you referring to your wonderful insightful posts saying how you never seen such a great analyst report before? Am I supposed to be impressed. Or are you one of those people who constantly change their login IDs? Forget it, you're on ignore.
Third I have read a great deal on HCBK including a great deal more than what was in that link.
You must just be bitter because your portfolio is down for the year. Mine is up.
lol I don't constantly change id's I have a couple though.
you said what have I ever wrote to show about HCBK this is it.
Lastly, My portfolio is doing pretty terrific its up from July 2008 nearly 100%. And yes it has done badly the last couple of months HCBK has been a piece of sh.it but I won't sell it because I know what price it should be at.
HCBK my largest position is making it nearly impossible for me to outperform the market which I have done by over 80% so far. But HCBK does nothing on up days and a little less on down days.
its frustrating but I don't invest based on a bunch of i.di.ots like ureself who think you are a great investor because u picked a couple of winners this year.
So how exactly am I an idiot? Because I don't go verify everything read on a message board???? Do you? Do you go verify all the SPAM messages on here? Do you go back and double check all of boiler room's posts? You must not value your time.
Now, if I went and bought those stocks because of what he said, THAT would make me the idiot. I didn't. Or, if I bought because they WERE trading below tangible book value, that would make me an idiot. There are many stocks trading below tangible book and 99% of the time they are there for a reason. It takes time to research all these stocks and checking a yahoo screen is not where I end my research at.
Also, when HCBK was trading at 14, I withheld the temptation to buy, because of all the bearish analyst reports coming out, and that the problems were just starting. I KNOW how the market works, guy. What I did do was get in at 12.60 but this could be dead water/loss for at least 6 months. I will buy in 11's next if it hits there. And we're close to that now so I will be adding to HCBK next, but not much. I'm buying HCBK and PGR right now. PGR right now and HCBK only if it trades at lowe levels and then not by much. I've been at this for long enough now I know what I'm doing.
So maybe you're the one who's jumping to conclusions. FYI HCBK is now my biggest holding as well and I'm still up for the year, mostly because of MTB but some timely trades in ZION and BANR. Because I buy on dips and remain disciplined, not because I'm some idiot who goes around buying what boiler room recommends.
Market cap / tangible assets found on Yahoo. It takes 4 seconds to do that even you can do it apparently. BFD, I have already come across banks that were, and if you think I'm going to buy because of a tip from boiler room, you must think I'm as dumb as you.
Is that what you're so proud of knowing how to do? You should apply to Goldman Sachs. If you tell them you know more than boiler room, they may hire you on the spot!
"Market cap / tangible assets found on Yahoo. It takes 4 seconds to do that even you can do it apparently. BFD, I have already come across banks that were, and if you think I'm going to buy because of a tip from boiler room, you must think I'm as dumb as you."
I am more amazed that you needed to look that up!
I never said I was good I said you were all a joke