Eh? Hmmm.....such an emotional comment. Implies a bit more of a vest interest than one should have in a piece of paper don't it? As a trader I have been wrong. I have been right. More than 50% in the latter than the former, which is why I keep playing the game. Meanwhile OPK, now at $9.92, is still above that aforementioned $7.75 line, though it keeps hitting resistance at ~$10. Overall the trend year over year is still positive. G/L with yer trading and investing! See ya out there on the (new) YHOO threads! ;-)
It also means we have electronic components made in Germany, or Asia. Chemical constituents from everywhere, etc., etc., etc..
I get what you're saying but it ain't all about human violations and child labor. That's probably the least of it....but....Hell....you ever checked the crop picking fields of our own good 'ol U.S. of A.? Glass houses and all that.
But I digress. If you want a global economy get use to the fact that this means just that...a global manufacturing, industrial and services base. Would that citizens (of the planet) be allowed to move around as easily as the corporate/business world does? Heh! Anyway....the way I view it is (Elon) Musk-like. All of it is just a launching pad (no pun intended) to the next wave of human expansion....this one outward into the solar system. The Earth is our staging platform.
Either that or we all kill each other and leave behind one hell of a set of ruins for someone, or some thing, to dig thru after we're long gone. Me I choose to think the former is the more likely outcome than the latter.
Meanwhile....bid going into the final half hour...churning at $13.16. Ah those teenies....how the Master love's 'em, eh?
Global economy....not much is "home grown" anywhere. Hell..you can go to China and find a lot of stuff made in....Vietnam, or Thailand, or any other low cost producer of goods. China...she ain't so cheap a place no 'mo don't'cha know? ;-)
Anyway...everything produced these days, dam near everywhere, is a mix of components made in places sprinkled all over the planet. Did I mention we live in a global economy? I trust folks know what that means? Heh!
Mikey: Yeah...well....to be fair ya gotta admit if the numbers had been lousy there'd have been a certain counter faction that would have been doing exactly the same thing from a negative spin perspective. It comes to this. It's all a aspect of "short-term-itest" that afflicts society these days. Nobody plays the long game much...and by that I mean longer term planning aspects...you know...few there are in leadership that are looking out further than a quarter to safe-guard the common good. It doesn't matter if it's corporate leaders or guberment...we've a leadership class incapable of doing the thing a leader does...and that is to try as best as possible to secure the future of our progeny. So it goes - straight off the cliff - I suppose.
One month the numbers are up. One month down. Up, down, up, down, all 'roundy 'round. It's hard to take 'em seriously, though I'm not complaining with the bid now $13.24 (heh). I'm more interested in the development of all those national infrastructure rebuilding projects and programs to fix and orient (for the future) all our aging infrastructure. National programs. And if you're sayinng "What programs?" my response is..."exactly."
So it goes...
The author of Future Shock summed up our world best. I paraphrase but "in era's of rapid technological change; change that upsets and breaks the long in place societal norms and ethos', it leads directly to high stress (and ultimately derangement?) for the citizenry.
Welcome to Future Shock.
Dallas. Good thing their citizenry, all those stalwart cowboy types, were armed? What's this? Silence from the "more guns for all" crowd? HEH!
Sorry...couldn't help myself....it's all gone well beyond insane hasn't it? Meanwhile, back at the "ranch," PM bid $13.05. Let's see if Master is up for another run to the teens...this time the $13.teens.
Right at closing bell a buy side traded ziggied across. A 1,310,269 share block buy at...$9.85. Things that make you go hmmmmm......?
HA! Me thinks the answer to your question is "yes." to both aspects. Yes BAC is "horribly" under priced and yes the other sector participants are horribly over-priced. The truth is both sides will probably converge into the middle? Which, you would think, bodes well for the buy siders here? And maybe the bid being $12.86 now is indicative? Not that any pps in the high $12's is anything to write home about...unless you picked some up on the last jaunt down south of $12.50. ;-)
Though I doubt we'll ever see this sector do a collective moon-launch I'm loathe to short it for any longer than a trade. I'm more looking for a churning frothy mess of a bottom formation setting up, which would be indicative of a future trend change. Right now it's all froth and churn but still mostly a negative bias on the trend....so I can't go long longer term because of this, but because the negative trend is getting tougher to sustain I'm also loathe to short....right now this paper, and the sector, are in something of a twilight zone as far as the game is concern. Play the churn...but that's about it...
Bid $12.45. The set-up is a return to the $12.teens one....more....time. Play it accordingly? The finny's will simply continue to get zero respect so long as that rate curve continues on its current path....and there doesn't appear to be any indications it's gonna change any time soon.,...those thinking "I'll go long here" probably need to table that idea for the remainder of 2016. Regardless, it remains a trader and machine play-toy given the nature of the churn, don't it?
Closed the .68 "get" at .75. Not quite my targeted +10pennies but I don't wish to hold it into tomorrow. Bird in hand and all that..
I'm no fan of the Clintonistas; and even less a fan of a certain grifter and cut-rate businessman with delusions of grandeur, but I'd say not so fast there Madam. ;-) Let's see what becomes of the public sentiment with this FBI released eval (listening to former NYC Mayor Guiliani and his rant about "What is he DOING! Section 793F (gross negligence) is being immolated!" Ummm...so to speak). It comes to this...neither party is offering up a prize are they. Can I emigrate to the moon?
Choking indeed. I've experienced it, too. In any case my impressions (and I suspect mars' too?) have less to do with Brexit and more to do with the overall general climate on the global economic front. Granted this is just an impression, on my part....but the performance of this sector seems indicative. At least...for now.
Meanwhile Master has closed that upside gap. Bid $12.68 and I'm in for a trade at this line. I can be patient about it if need be, because it seems Master is intent on more p/b. Take a look at that $12.teens to ~$12.50 gap from back on June 28. What're the odds he's setting up the Poochie to waddle down to that teenie zone? We know he luv's those teen's don't we?
Hope: "...the likes of the Cartel..."
HA! Here's the thing...and I'll take a page out of theme of a certain movie series, The Matrix.
The Cartel IS the Game (System). So how you gonna effect THAT, eh? Do you want the red pill, or the blue? ;-)
I get the sentiment. But there's not enough money in the board room Universe to buy enough of those shares as to put any meaningful dint in a float in excess of 10B shares. None, nada, zilch. So they make a show of buying back some stock. Big whoop (from my view). How about they reduce that float by....oh....say a 1 for 10 RS? Of course that would reduce the size of the float, and push the pps well north from here....but that would hamper the institutions, the machine/HFT churn and chug set who rely on BAC's ATM-like regularity, to effect this RS. So let me ask you...what do you think the odds are of them ever suggesting such a strategy to the board, eh? Heh!
Without question although most pundits, looking backward to predict the future, may disagree. In any case your arguments are tough to counter in a (current) world view that appears to be unraveling. But if you trade do you care? All you want is volatility and churn. And both of those you're getting, and in spades, with this paper and the sector. Hmmm...but then again....did you say something about brokerages, scams and churns? ;-)
Bid $12.95 and retreating yet again in the face of all the various global fears that never seem to recede, fueled as they are by constant media hype.
The $13.teens are the wall....and we've got the June 29 upside gap from ~$12.70 to ~$12.95 to close. Let's see if Master acts in predictable fashion. I'm waving a bid down a bit south of $12.70...
Weed? Hmmm.....you should be careful of your agricultural commentary. ;-)
Meanwhile....I'm about done for the day. Time to go putz...but with the bid at $13.24 I'll set a stop on my trade just south of .20. Just bird-n-hand +10penny trading tactics....have a good holiday!