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Cathay Bancorp, Inc. (CATY) Message Board

bollingr_band 154 posts  |  Last Activity: 38 minutes ago Member since: Feb 7, 2001
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  • bollingr_band bollingr_band 38 minutes ago Flag

    Good for u to get back in- hope to see something wise out of Marrone's decision. LOL

    Sentiment: Strong Buy

  • Hope you know what you are doing

    I have faith in Marrone + his new found investors..... they are not stupid as some here tried to insinuate. LOL

    Sentiment: Strong Buy

  • US economy is going strong according to FEDS.

    It is doing so well that people can't buy homes.

    WASHINGTON (Reuters) - U.S. homeownership fell to a 20-year low in the fourth quarter as more Americans opted to rent rather than buy a house, government data showed on Thursday.

    The seasonally adjusted home ownership rate slipped to 63.9 percent, the lowest since the third quarter of 1994, the Commerce Department said. The rate, which peaked at 69.4 percent in 2004, was 64.3 percent in the third quarter.

    The residential rental vacancy rate dropped four-tenths of a percentage point to 7.0 percent in the fourth quarter.

    Sentiment: Strong Buy

  • Reply to

    Back Up The Truck time

    by bollingr_band Jan 26, 2015 12:47 PM
    bollingr_band bollingr_band Jan 29, 2015 1:17 PM Flag

    took some profit on MNKD ( left some $$ on the table) and loaded up UWTI at $2.4

    At this price UWTI has priced in Great Depression demand for oil.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 28, 2015 3:58 PM Flag

    LOL The buyers of the $250M would have been Better Off buying AUY on the open market easily average under $4.15 in the last 2 weeks.
    Marrone and his bankers are beginning to look SHADY to the new buyers. LOL

  • bollingr_band bollingr_band Jan 28, 2015 3:46 PM Flag

    Eric + engineer
    i think we are testing the 50-day MA
    FEDS jawboning US$ show will end soon..... exporters are hurting for orders in order to not lay off employees or even eventually lose half of teir customers overseas.
    Compare to other majr miners, AUY has been in the dog house- barely over the 50 day MA.\BUT AUY with $250M newly minted cash is ready to increase teir production while energy price is dirt cheap.
    Marrone (Mr. Kill Hope) does owe everryone an honest answer what is THE REAL REASON and VISION for the $250M equity raised at such untimely moment while the stock is in the dumps ???

    Sentiment: Strong Buy

  • The U.S. central bank's stance stands in sharp contrast to many of its peers in developed countries, which have recently eased monetary policy to boost their struggling economies. The policy divergence has helped push the U.S. dollar to multi-year highs.

    "You would have thought that if you were going to really postpone (a rate hike) to 2016 there would have been some more emphasis on international events and the dollar," said John Silva, an economist at Wells Fargo in Charlotte, North Carolina.


    Till China starts weaning off the US$ fume and loading up physical gold and supporting its own RMB/ Yuan.
    Yuan just became world's 5th mostly traded currency, soon to pass Japanese Yen in the near future.

    I believe this is the last ditch effort to jawbone up the US$ with thin credibility.
    We should see US$ slide very soon.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 28, 2015 12:37 PM Flag

    $250M makes balance sheet look sexy to the suitor(s) CFO and bankers.

    Sentiment: Strong Buy

  • Reply to

    Gold funds manager- Frank Holmessaid:

    by bollingr_band Jan 26, 2015 1:43 AM
    bollingr_band bollingr_band Jan 26, 2015 10:15 PM Flag

    Not familiar with it - saw it for the first time but cant't make head or tail out of it.

  • bollingr_band by bollingr_band Jan 26, 2015 12:47 PM Flag

    Likely bottom reached.
    Smart monry loading.
    $2.75 +/-

  • Jan 25th

    Last year, gold was the second-strongest currency in the world, trailing only the U.S. dollar. It’s amazing how well it held up under the pressure of the greenback. Not just investors but also central banks recognize this.

    “If the dollar or any other Fiat S.p.A. (ADR) (OTCMKTS:FIATY) (BIT:F) currency were universally acceptable at all times,” Greenspan said, “central banks would see no need to hold any gold. The fact that they do indicates that such currencies are not a universal substitute.”

    Indeed, we’re seeing central banks all around the world shoring up their own gold reserves by repatriating bullion from foreign institutions.

    December saw the biggest monthly outflow of gold from the New York Fed SINCE 2001, bringing its holdings to their LOWEST LEVEL THIS C E N T U R Y.

    Sentiment: Strong Buy

  • Reply to

    Currency War

    by goldmanpillageandsack Jan 24, 2015 5:29 AM
    bollingr_band bollingr_band Jan 24, 2015 11:36 AM Flag

    Jan 21 2015
    Caroline Valetkevitch

    "The Fed is expected to reiterate that those global risks have not yet put the U.S. recovery or the Fed's rate plans off track when it issues its policy statement at the close of its two-day meeting on Wednesday.

    The timing of the Fed's eventual rate move has been a top concern for investors. Stocks rallied when the Fed said after its December meeting that it would take a patient approach toward raising interest rates and gave an upbeat assessment of the U.S. economy.

    The sharp decline in oil prices that began last June and worries about deflation could keep the Fed on hold for longer, analysts said.

    "It bodes well for the Fed to be patient," said Peter Cardillo, chief market economist at Rockwell Global Capital in New York. "There's no inflation here; the problem is deflation. If oil prices were to go lower, that could create more of a problem."

    Threat of Greek (PIGS are watching ) default
    Dimishing petro$$ in 2015 (collapsing oil price + rising RMB trades =)
    No country is an island when every economy is contracting and defalting, US$ will weaken in this environment.
    No pumping can sustain the hype.

    Gold should rise--- even Goldman Sachs just guided gold to $1268/oz (from $800/oz which they stated late last year.)
    They are desparate to hammer gold price (that means they are buying on the other side of the trade just like the mortgage backed securities in 2008)

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 4:19 PM Flag

    Agree with your take on low cost producer, I suspect the AIC should be way under $800, hence Marrone raised $250M to dig as much gold as he can, ASAP.
    Even if they try to manipulate gold towards $1,000, AUY will have a very nice net margin + profit.
    I bot some at the last minutes as well, can't resist.
    Good luck + prosper.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 3:31 PM Flag

    Takeover deals rarely happen while the stock is being thrashed.
    AUY has to clear out some debts and increase production and cash flow before other CEO willing to put out their bids.... like buying a fixer upper with major problems resolved, so naturally price of the stock will risae as well, as risks and problems are removed.

    I am obviously not good at market timing, but suspect lots of people got wiped out on their calls last few days, weeks, months.

    The only safe calls are in the money calls , out at least 2 or 3 months.
    Looks like $4.07might be a short term bottom.

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 3:16 PM Flag

    I have been buyers on dips since October, never sold shares last few months.

  • bollingr_band bollingr_band Jan 23, 2015 3:15 PM Flag

    Acceptable takeover value minimum Book Value + premium of 1/3.... close to $10
    Looks like we have to ramp up towards $7+ area AFTER some major favorable events such as earning and guidance very positive and/or likely disposition / spin off of Brio Mining.

    Don't know how likely will AUY reach sub $4, as Greece election / default progression next week, but I am deciding what to sell and load up more AUY next week.

    Today's option expiration is killing a few calls and puts, so not much will likely happen in the remaining hour.

    Best of Luck

    Sentiment: Strong Buy

  • bollingr_band bollingr_band Jan 23, 2015 2:39 PM Flag

    Dec 10th 2014
    Remember this is in the works to sell assets and pay down debts as well, sweeten the books for the would be buyer.

    TORONTO, Dec 10 (Reuters) - Yamana Gold Inc said on Wednesday it will place some of its Brazilian assets that have been deemed as non-core into a subsidiary dubbed Brio Gold and that it will explore a potential sale along with other options for the unit in 2015.

    The Canadian gold miner said it has retained National Bank Financial and CIBC World Markets as financial advisors to assist in the process of evaluating strategic alternatives with respect to Brio Gold.

    The assets being parceled off into Brio Gold include Fazenda Brasileiro, C1 Santa Luz and Pilar, and its Agua Rica project.

    Sentiment: Strong Buy

  • They all know each other real well- all Canadians.
    Marrone get paid almost $5M/year
    The other 2 CEOs get about $3.5M/year running much larger goldmining operations.

    The $250M recent equity buy-in is providing a support for the stock price over $4.
    It doesn't get much better than 0.5X book value with a healthy pipeline and lots of cash ready for increase production while energy price in the dumps.

    We will soon see how this low hanging fruit gonna mushroom BIG.... organic growth or take outby likes of ABX or GG. Marrone knows who is he talking to.

    Sentiment: Strong Buy

  • First you have contracting and deflating economies in places like Japan, US, Europe then China.
    Then you try to inflate it and prop it up with QE and rate cuts.
    If that doesn't work you keep deflating your currency by QE more.
    Now we are witnessing commodity pricing collapse as in oil, gas and likely raw materials.
    Art Cashin says eventually when people get hurt and desparate enough, they will have real wars.

    I think we are seeing that in Middle East and Russia, those wars are likely escalating.
    When you force people into a corner, they will do desparate things.

    In most of the countries I mentioned above, they all have rising aging populations, diminishing income and jobs, so the likelihood of rising income and tax bases to turn the economy up is a tough bet for the foreseeable decade or two.

    Gold might be a good play of currency flood, devaluation, and instability, and rising conflicts and wars.
    Especially someday when China decided it doesn't want to take dictations and threats from USA.

    Sentiment: Strong Buy

  • Reply to

    The Message

    by ericblair30 Jan 23, 2015 10:41 AM
    bollingr_band bollingr_band Jan 23, 2015 10:51 AM Flag

    They didn't have any other choice to combat contracting economy, greek default while others like Spain, Portugal, Italy are watching and contemplating similar course.
    So they spin it as a good thing.
    Essentially what QEs do is kicking the can down the road hoping for a reversal of demand and economic rejuvenation. Look at US QE, it keeps the economy from falling further, but the money doesn't flow down to the Main streets from the Banks because the Banks will only turn the spigot up IF they are convinced the economy is in full sprint and they will profit in a HUGE WAY with low risks.


    After Greek election AUY should turn to the upside- just a gut feeling.

    Sentiment: Strong Buy

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