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Bank of America Corporation Message Board

mizesaw 315 posts  |  Last Activity: 2 hours 58 minutes ago Member since: Nov 8, 2008
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  • Reply to

    Laughing at the Analysts - Again

    by mizesaw 2 hours 59 minutes ago
    mizesaw mizesaw 2 hours 58 minutes ago Flag

    Miss type - $14.

  • First we had Zack's declaring CVRR as their #1 SELL. Of course that was the bottom. Now today Citi comes out with a BUY and a $25 price target. Where were they when the stock was @$18? Could this mark the top?

    See why I hate Analysts???

  • Reply to

    LOW VOLUME?

    by choo2choo 4 hours ago

    I also wanted to share these comments with you from the Diana CEO:

    For dry bulk carriers, the fourth quarter was “disastrous”
    "As we all know by now 2014 ended in a disastrous way" ($DSX)
    Diana shipping still doesn’t see a bottom in the dry bulk shipping market
    "we have no change whatsoever in our bearish view about the market. We have not seen the scrapping and the laying up of vessels that we want to see before will start going up this scale. The psychology as regard to market turning positive should turn little bit more to the less and less optimistic. But not at the pessimistic level. We won’t achieve that before and some other things as we have explained in the past, before we start going up in the scale of your question." ($DSX)
    They are preparing for a turn though, perhaps in 2016
    "we believe that purchasing vessels at this point in the cycle will prove to be profitable investment as the market strengthens gradually from 2016 and beyond…We also believe that provided there is a continued restrain in ordering, the lack of bank finance and the even greater lack of investor appetizing the capital markets will eventually lead the industry to better days.’ ($DSX)

  • I thought these comments by the CEO of Diana were apropos to us. Especially that now is the time to buy ships for a turn around in 2016:

    For dry bulk carriers, the fourth quarter was “disastrous”
    "As we all know by now 2014 ended in a disastrous way" ($DSX)

    Diana shipping still doesn’t see a bottom in the dry bulk shipping market
    "we have no change whatsoever in our bearish view about the market. We have not seen the scrapping and the laying up of vessels that we want to see before will start going up this scale. The psychology as regard to market turning positive should turn little bit more to the less and less optimistic. But not at the pessimistic level. We won’t achieve that before and some other things as we have explained in the past, before we start going up in the scale of your question." ($DSX)

    They are preparing for a turn though, perhaps in 2016
    "we believe that purchasing vessels at this point in the cycle will prove to be profitable investment as the market strengthens gradually from 2016 and beyond…We also believe that provided there is a continued restrain in ordering, the lack of bank finance and the even greater lack of investor appetizing the capital markets will eventually lead the industry to better days.’ ($DSX)

  • Reply to

    LOW VOLUME?

    by choo2choo 4 hours ago

    Seems to be a buyer @$12.30 today. Either that - or those who went short this morning have decided that its a good place to cover after $12.25 got tested and held. Now we get to wait until Monday to see. Maybe the big buyer from last Monday morning will reappear.

  • Reply to

    Trading Range

    by lifewithporpoise 8 hours ago

    Trade 4000 - 8000 stocks. Sorry - I'm not that smart. I can only follow a few. If I was trading today I would have bought SDS. But I had to go out and shovel snow for hours to get my car out so I had no time for stocks.

  • Reply to

    Breakout!!!

    by mizesaw Mar 2, 2015 10:07 AM

    Yes, as far as trading, this is good. Well it's actually even good for my retirement account in the long run which is a third in cash; since I'd like to load up on some other dividend payers cheaply.

    I like to buy fear when VXX is at $35 and above. In Dec. and Jan. I found some great stocks at that level that sold off on panic volume and reversed. NMM was one of them.

  • Reply to

    Trading Range

    by lifewithporpoise 8 hours ago

    Let's just hope it drops back to $3.60 for another great trade back up to $4.60.

  • Reply to

    Breakout!!!

    by mizesaw Mar 2, 2015 10:07 AM

    Yep - just failed the test didn't it. Maybe I should have put a stop on this as I did my NM shares that I was stopped out of yesterday. But the problem in my retirement account is that my money doesn't clear for 3 days; so re-entering is a problem. Let's see what the end of the day brings ...

  • Anyone else notice the new SEC filing of 5,000,000 shares to be used as an employee incentive? That's a big dilution if implemented.

  • Reply to

    Breakout!!!

    by mizesaw Mar 2, 2015 10:07 AM

    Well ... $12.50 was tested and it held today. Glad to see that support level hold!

    Hopefully we will consolidate here in the $12.50-13 range for a month or so and then take out resistance @$13.09 running up to the next dividend. I trust slow and steady as opposed to a rip roaring run that is likely to get sold into.

  • That's because NM is buying new ships and shares of NMM. The real question, as always, is what are they doing with the money? Are they making accretive investments?

    All that said; it still may be way to early to touch any shipping stock.

  • Reply to

    Volitlity = interest

    by jkprice Mar 5, 2015 11:20 AM
    mizesaw mizesaw Mar 5, 2015 4:23 PM Flag

    Yes ... I like to hug piles of cash!

  • mizesaw mizesaw Mar 5, 2015 2:42 PM Flag

    I think NM is better myself. Stifel Nicolaus has it as a buy with a target of $9 which in more than a double. But now just doesn't seem to be the time to buy any shipping stock. Although if it falls back down to $4 I may have to pick some up.

  • DSX had a big earnings miss. That might explain the big sell-off in NM today. I got stopped out myself for a small profit at least. Oh well, maybe I'll get a chance to buy @$4 again.

  • Reply to

    Volitlity = interest

    by jkprice Mar 5, 2015 11:20 AM
    mizesaw mizesaw Mar 5, 2015 2:33 PM Flag

    By the way - you see DSX earnings? A big miss. I'm sure that's not helping. I just got stopped out of NM in my retirement account. Now its only NMM.

  • Reply to

    Volitlity = interest

    by jkprice Mar 5, 2015 11:20 AM
    mizesaw mizesaw Mar 5, 2015 1:28 PM Flag

    Huh - it takes "nerves(of steel) and stomach to be a short term/day trader?" Not at all. It takes skill and a fast reaction speed perhaps. One knows in 5 minutes or so if they have made the right decision or not. Its fun and one is risking very little - a few hundred dollars more or less.

    On the contrary ... it takes nerves of steel to hold long term as you see your account value yo yo up and down as you are risking 10s of thousands of dollars. I have zero worries about my trading account which is 100% in cash right now. But I do worry about the 100s of thousands sitting in NMM and NM stock in my retirement account. Anything could happen and one has no control.

    Also I have to disagree with we Traders being the reason for the stock failing to break through $13.09. Although my cashing out @$12.80 a few days ago in my trading account certainly didn't help. I still think the failure is due to buyers regret. Some of those who bought the secondary are just glad to be getting back to even after being underwater. They are probably afraid that the stock could again fall down to $12 or less. Once they finish their selling - then $13.09 can be taken out.

    As you say - maybe it will take until May. Maybe so. Still anyone who bought below $12 has to be very happy if receiving the large dividends was their objective.

  • Reply to

    UP? DOWN?

    by jkprice Mar 4, 2015 12:56 PM
    mizesaw mizesaw Mar 5, 2015 9:43 AM Flag

    And the sideways action continues. Stuck between 12.7 and 13. The $13.09 secondary is still acting as overhead resistance. Can we break through or will we have to wait for the next earnings report which will give more clarity?

  • Reply to

    UP? DOWN?

    by jkprice Mar 4, 2015 12:56 PM
    mizesaw mizesaw Mar 4, 2015 2:12 PM Flag

    But the $13.09 secondary price has been tested around 4 or 5 times in the last few days and has been rejected each time. Maybe that's just because of the general market sell off though.

  • mizesaw by mizesaw Mar 3, 2015 4:32 PM Flag

    NMM continues its steady climb finishing up on a market down day. It attempted to close the gap at $12.90 - maybe tomorrow?

    As expected; it met overhead resistance at the secondary price of $13.09. It would be a very positive sign to close above that level. Then maybe it can close the next gap and hit $13.60. Wouldn't that be nice!

    Let's hope rtycrris is right that we are on a sure path to $13.70...

BAC
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