Reading Time: 2 minutes This is typically what happens, shortly after I sold a stock, it becomes golden goose. This can be best exampified by the US Bank stock (NYSE: USB). I bought some yesterday afternoon shortly before close. But I kind got a buyer remorse, thought my $16.50 price is a bit high. More importantly, I don’t know
Reading Time: 2 minutes (Update 20Apr09) Found this trick in google finance (chart), hold on mouse “up” or “down”, the time frame of stock chart extends or contracts. Stock Screener Here is an example: market cap $5 b to 25 b; PE ratio 10 to 20; dividend yield 2% to 5%; return on equity 15% to 25% (last 5
Reading Time: < 1 minute Pfizer (NYSE: PFE) agreed to buy Wyeth (NYSE: WYE) on Jan 26 2009 (forbes). Quote Forbes: According to the terms of the deal, each outstanding share of Wyeth will be converted into $33.00 in cash and 0.985 of a share of Pfizer stock, valued at$15.57 per share, based on Pfizer’s current price. Last I checked:
Reading Time: 2 minutes (Update) Big bro started to act now. (Original) We all know the stock rating game: I mean those “buy”, “hold” and “sell” rating usually issued by sell side (brokeage) analysts. They are mostly not objective, because at the end of the day the dealers want to sell you more stocks, regardless they are good or
Reading Time: 2 minutes Week in review 030109 to 030709 We are officially in Obama bear market (source: Bloomberg), in other words, the stock market (i.e., Dow industrial for most people) dropped 20% since President Obama took office in Jan 20. Yesterday S&P 500 briefly touched 666 (the number of devil), pretty scary, huh? I am sure this economy/financial
Reading Time: 2 minutes This is the second part of my thoughts on bank nationalization, I hope President Obama and his finance team can read my blog, as they are thinking through the “bank rescue”, the No. 1 issue facing this country, and the world economy for that matter. As I said in my previous post, bank nationalization appears
Reading Time: < 1 minute (Update Mar07, 2009) I found a good example on performance comparison of regular ETF vs. leveraged ETF. In the past year, the finanicals ETF XLF lost about 75%, while the ultra financial proshares UYG (2 times bull) lost 95%. You can use google finance to draw the comparison. MorningStar link here.
Reading Time: 2 minutes Who is better positioned to weather the recession (or depression as some people like FT Martin Wolf said), American Express (NYSE: AXP) or Discover Financial Services (NYSE: DFS)? I got some DFS last week so my opinion maybe biased, but wait: I hold Berkshire Hathaway (BRK.B) which in turns holds significant number of AXP shares
Reading Time: 2 minutes (Update Feb 5) It appears BoA CEO Ken Lewis bought additional 200,000 BAC shares yesterday (source: bloomberg). (Original Feb 4) Today Bank of America stock (NYSE: BAC) fell below $5 the first time since 1990s. The company was in trouble earlier this month as the loss from Merrill Lynch turned out to be much bigger
Reading Time: < 1 minute Good reading I found John Bogle’s 6 Lessons for investors (WSJ op-ed, Jan 8 ) to be good. A few years ago I read John’s Little Book of Common Sense Investing, and was not impressed by it because at that time the market was very hot. Now it all makes sense to me. John is
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