I love sector/stock attacks by shorts. It creates opportunity. Last year you were given several. [more]
Xerox took a hit today based on anylist downgrades. Ignore them. They weren't there for the rise and won't be there again. Expected eps in 2014 is $1.16. So basically the stock is currently selling for less than a 10 PE with a yield 2.5ish. This is the time to take advantage of the pullbacks. It is a slow but steady stock, something that works well as a core holding. The thesis is still in place with the major stock buyback program. Also sell those January $12 2016 puts. [more]
Would you rather gold or bitcoin? Gold you can touch. Gold is finite. Gold can be worn. Gold inspired Goldfinger. Nothing sexier than flipping gold coins (tho women prefer diamonds). Yet there is this virtual "thing" called bitcoins. I did try to buy it when it was selling around $200 but the site didn't take Master Card. Ah well a lost opportunity. Been there done that and I suspect will again. [more]
Seriously. How many billions will JPM agree to pay while all the officers, including Dimon, remain in office? So these billions upon billions are being paid from shareholder monies yet we keep cheering how Dimon is this great CEO. Can we can him already? I put him in the same class as Lewis Of BAC. Yeah the guy who spent 4 billion of Bac money that cost them near bankruptcy but for Uncle Ben.
I am not your typical gold bug. I won't curse your name if you say anything bad about it. I am a firm believer in equities. One's that yield dividends/distributions the better. But I am also a firm believer in owning gold. Coins, not paper. Owming paper to me is an oxymoron. While I missed gold rising up, I am buying on its way down. [more]