I wasn't right about many stocks, including GOOG and RIMM, but I was right about one stock, AIB. This stock was over $2 just a month ago, and now it dropped to $1.18, its trading is now more or less like SIRI (which is a bugs bunny stock).
AIB is now...
Every day there are some bad news coming about banks: foreclosures, new regulations, etc... Of course, bank stocks are hugely affected by these bad news, there is one bank stock that is resiliently moving up: C.
I love C, I always feel depressed if I...
I have written earlier about playing with FAS and FAZ, which, IMO, are probably the most interesting stocks out there. Generally, and in the last couple of weeks, the DOW was moving up, and FAZ was going down. But, I have noticed that FAZ's support $12.70...
I wrote last month on how credit card companies have a wrong vision by punishing the merchants with higher fees (to compensate for lower fees that they will be getting from credit card users), it didn't take that long to prove my point. A recent article...
In order to examine this topic, let us see the process of how a bank is created in the US:
Uncle Joe: Them banks make a lot of money.
Uncle Joe's friend: Yup.
Uncle Joe: I want to make a bank and start making money myself.
Uncle Joe's friend: Great...
MFC (Manulife) is officially rebounding, the stock has been going up steadily for the last week as it hit a bottom of $10.60, currently it is trading at $12.67. The stock has the potential of huge up movements every day as shorters are beginning to cover...
Finally, CVBF has started the rebound, it was bound to happen, as the stock has been trading at a very low P/E and very close to the book value (which is $6.33).
The stock is currently trading at $7.13 up 32 cents from yesterday. Apparently the stock...
Almost everyone these days is recommending buying gold as a gold hedge, except for one person. George Soros is recommending investors to sell gold (or stay away from it), insisting that we are experiencing a gold bubble that will burst, sooner or later....
A rumor circulated this afternoon this morning that Manulife offered to buy Lincoln National Corporation (LNC) for $32 a share. The stock jumped from a bottom of $21.26 at 10:10 to $23.38 at 14:50 (the stock will probably go UP another buck from in the...
Yesterday I have recommended RY and I gave my own reasons why this stock will bounce back, after comparing it to BMO (just 2 bad days after the earning report, and then the stock will move up aggressively).
The stock reached another historical low...