fantasycurse42
Footballguy Jr.
Dropped 12% in 2017, I've been following closely... Think it could be nearing a bottom vs the Euro at 1.2
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Stock Thread (61 Viewers)
- Thread starter St. Louis Bob
- Start date
Don't Noonan
Footballguy
I have been buying Financial stocks for the past year and agree they should do very well with rates rising. Many of them such as BAC and C are still below prices before 2008 crash.
fantasycurse42
Footballguy Jr.
They have the biggest tax deferred hit out of all of them, and it isn't even close, $20B.
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RUSF18
Footballguy
When the first London Whale news broke back in 2012, they dropped maybe like 8% or so, ended up putting a $4B loss on the books for that unit during 2Q, still were profitable overall, and the stock price quickly rebounded.
I wouldn't worry much about one particular event causing them harm.
Evilgrin 72
Distributor of Pain
Same here. My mother was an English teacher her whole life and my father was a professor for years, got his MD and went into practice as a doctor, and continued to teach until the day he died. Spelling, grammatical, or syntax errors were considered as egregious as theft or whacking off in the hutch. I got grounded if I didn't begin every outbound phone call answered by a friend's parent with "Good afternoon, Mrs. Jones, this is [EG72]. May I speak to Steven, please?" Something as simple as "Hi, is Steven home?" was considered a breach of protocol and punishable by flogging (not really, more like additional chores.) I do have a closet full of spelling bee trophies, though. So I have that going for me. Which is nice. Still know **** about crypto-currency, though. Thanks Dad - where were you on that one, dipsh#t?
General Malaise
Footballguy
Phone Rings: *brrrrrrnnnnng*
Caller: "Hi, is Forrest there?"
Me: "This is him...*****WHACK**** OW, MOM WHAT THE HECK?"
Mom: "This is HE - not HIM - HE".
Caller: "you ok?"
ren hoek
Footballguy
This and Ethereum, obviously. Even the beloved JP Morgan is building architecture around it.eoMMan said:
http://fortune.com/2017/02/28/ethereum-jpmorgan-microsoft-alliance/
So is the city of Dubai, along with Toyota in its smart city infrastructure.
https://www.oakeninnovations.com/
As if that weren't enough, even Goldman Sachs is opening their own crypto exchange. Exchanges are completely wrung out by the influx of new market participants. People are tired of a system run by old money.
There are two things happening simultaneously right now. The first is that we're approaching critical mass as people gravitate toward anything with the word blockchain in it, no matter how frivolous or ridiculous it is (iced tea, Kodak). The second thing that's happening is a technological revolution that's redefining how the world works.
It isn't hard to research and figure out the reliable investments. Just look at the ones with working products that people actually use. Why not allocate a small percent to such a new and promising asset class?
"If you don't believe me or don't get it, I don't have time to try to convince you, sorry."
GoBirds
Footballguy
fantasycurse42
Footballguy Jr.
There are a bunch of articles out there that explain it, it is a huge one time hit. JPM estimates their earnings will be negative $6.22 a share, versus plus $1.22 a share without this.
culdeus
Footballguy
If you say I should hold crypto as an asset, then how do you allocate it in a portfolio? Cash? Metals/Commodity? What?
TripItUp
Footballguy
depends on the crypto, ethereum for example is expected to evolve into a class of commodity
Bob Sacamano
Footballguy
First of all, the idea that ALL the underlying tokens are worthless is either trolling or willful ignorance. If it's ignorance, educate yourself. I really do recommend the podcasts I posted above. They're good for toe dipping. Otherwise, don't be that guy. Not here. You can't support that argument in an educated manner. I'm barely educated on it all, and I know you don't have a leg to stand on.
As to classification, I'd think you either gain an understanding of what the "currency" is hoping to accomplish and lump it into that area OR decide that you're allocating some % to crypto and make it a class in and of itself. Personally, I lean towards the latter. Especially given the potential for all to be damaged equally by things like wide-sweeping regulation.
As to classification, I'd think you either gain an understanding of what the "currency" is hoping to accomplish and lump it into that area OR decide that you're allocating some % to crypto and make it a class in and of itself. Personally, I lean towards the latter. Especially given the potential for all to be damaged equally by things like wide-sweeping regulation.
Bob Sacamano
Footballguy
Frankly, trying to figure out if the current administration is a positive or negative in that regard. They have a lot of establishment to protect. And can help do so by hampering the tech. But they've also shown they don't want to slap reg on, well, anything.
ren hoek
Footballguy
ren hoek
Footballguy
https://forums.footballguys.com/forum/topic/750236-bitcoin-explain-to-me-how-to-buy-these-things/?do=findComment&comment=20595892
I kind of answered it here, and someone else posted it earlier in this thread. Fc42 wanted to know how to invest in it without exposing himself to what turned out to be 400% gains. IBM is probably a solid investment given their work with HyperLedger (Linux) and Stellar Lumens (FairX exchange). I should have mentioned ethereum itself but I forgot how many fortune 5 hundos are already all up in it.
Bob Sacamano
Footballguy
I bought IBM at $161, and their having something like 1400 employees already dedicated to this tech certainly didn't hurt in the decision-making process.
General Malaise
Footballguy
Whatever drug Bobby Sac has been taking this week I sure want some. Guy has been pretty damn sharp which is.....out of character. 
ren hoek
Footballguy
That's impressive. I check on it from time to time in the Robinhood app to see how it's doing. I can see it doing real well once industries move to blockchain.
Bob Sacamano
Footballguy
Blame HagsWhatever drug Bobby Sac has been taking this week I sure want some. Guy has been pretty damn sharp which is.....out of character.
fantasycurse42
Footballguy Jr.
Looking for solid info on this, but can't seem to find what I need. Trying to see performance of stocks that report earnings while at their 52 week highs.
Honestly, I expect the bank stocks to underwhelm, but think we'll see a buying opportunity on the dip.
Honestly, I expect the bank stocks to underwhelm, but think we'll see a buying opportunity on the dip.
Bob Sacamano
Footballguy
Because they're coming off Q4 and writing down deferred tax assets? Seems like these things would be built into expectations. What else is driving?
fantasycurse42
Footballguy Jr.
My true feelings and biggest fears are that every piece of good news is baked into bank stocks - they've been on a tear in the last 6 months.
Think we might just be at a sell the news on the earnings. They underwhelm, they need to take a breather, and people use this to book profits. With that being said, if that does happen, I would absolutely look at it as an opportunity to buy the dip.
JPM for instance is so far ahead of their 50DMA, 100DMA, 200DMA - I'm not the most technical when it comes to stocks and prefer to lean more towards fundamentals, but I think they might pause here, let the 50 day catch up, then continue the leg up.
fantasycurse42
Footballguy Jr.
I'm into them very heavy, 8% would be some pain - but honestly, right now, I see their floor around $102.50 looking at the charts on a correction or pullback - I'm averaged to $105 (plus I've got a dividend coming 1/31, so really $104.5)...
I'm not all that worried, but I'm just voicing my biggest concerns - one thing I've learned over the years is viewing the counter to your opinion and weighing it equally, which is what I'm doing here.
On another note, nobody tagged along on COP that I mentioned in the beginning of December? I'm up about 17% on that in a ####### month, I might pleasure myself to their chart this weekend.
parasaurolophus
Footballguy
Sand
Footballguy
No COP here since about 10% of my net worth is wrapped up in CVX. CVX up 3% today and pretty close to COP recently. Pretty sure it's now at an all time high, and with a 3.5% yield.
culdeus
Footballguy
2b tax hit will flip them 7 fiddy a share?
They have 3.5b shares out. What math am I missing.
Sand
Footballguy
fantasycurse42
Footballguy Jr.
fantasycurse42
Footballguy Jr.
JPM, beat on top and bottom, down premarket.
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kevzilla
Footballguy
Went down less than 2%, then crawled out of the grave like a gd zombie. My old man is never getting a decent entry point.
fantasycurse42
Footballguy Jr.
Just sold 1/3 of my AMZN at $1,298 - don't get me wrong, I love them and think they're Skynet, completely taking over, but tech moves fast and they've done nothing but go up. Market is pricing them for perfection, which I think they can achieve, but I would like to slightly reduce exposure.
Just wish I had more shares
Still, with the run they're having, need to book some profits.
Just wish I had more shares
Still, with the run they're having, need to book some profits.
fantasycurse42
Footballguy Jr.
I don't understand some things - they were selling and down 2% before the earnings call - I'd assume those are just day traders, but who knows.Went down less than 2%, then crawled out of the grave like a gd zombie. My old man is never getting a decent entry point.
As I'm typing this, JPM slides 70 cents in 70 seconds lol.
culdeus
Footballguy
JPM is a massive ETF stock. Look at their primary stakeholders. Anyone with a 401k or inclined that way holds it. It's probably one of those stocks that falls both in growth and value ETF and any earnings change is going to swing it's allocation bigly.
VT has 2.5% of the float. Alone
http://investors.morningstar.com/ownership/shareholders-major.html?t=JPM
fantasycurse42
Footballguy Jr.
They know who it is, whatever, happens... They also warned that they think other large banks lost to the same client.
Also, WSJ reported it was almost $240MM
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culdeus
Footballguy
fantasycurse42
Footballguy Jr.
I was just reporting the follow-up, not being combative... Honestly, I think this might sell off this afternoon, long term, they had an awful quarter, but it is behind them and I think they've got the growth to go...
On another note, COP is just up every day, at $62.50 I think I need to take some off and move it somewhere else.
fantasycurse42
Footballguy Jr.
& holy moly, anyone look at NFLX lately, WTF?
When I look at something and say I was wrong about it, this one is the top of the list for me.
When I look at something and say I was wrong about it, this one is the top of the list for me.
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Bob Sacamano
Footballguy
The FT reported the mystery client was Christo Wiese, the chairman of Steinhoff. The paper said banks including J.P. Morgan, Bank of America and Citigroup face big losses for lending him money secured against shares in the failing company.
fantasycurse42
Footballguy Jr.
This is the one stock I wish was part of my core holdings for the last few years, obviously!!
I'm not giving chase to it up here though, kinda why I booked some AMZN profits today, think it really needs to pullback a little, it would be healthy for the thing.
Bob Sacamano
Footballguy
Be happy you aren't the idiot who passed on it altogether.
I mean, not that any of those exist. Who would be stupid enough?
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Evilgrin 72
Distributor of Pain
6/7/17 - First trade.
1/11/18 - hit 100% ROI. Current account value - $3,089.17. Yay, Trump? Nah.
Next stop, Millionaire Acres. I'm talking rich pal, rich enough to have your own jet, rich enough not to waste time. 50,100 million. A player, Bud... or nothing.
