boneys dad

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    • Sat Jul 19th 08:26 AM | Rating: 0 0
      Commented on:
      How the U.S. Financial Crisis Resembles Japan’s 'Lost Decade' - And How to Play it
      buyitcheap makes a good point albeit one I read many years ago
      in baron's when hedge funds were infants. I believe the article centered on how the funds were succeeding in rationalizing various companies within poor performing sectors. The last point made in the article was that one day the US govt' would be rationalized. I had hoped that Reagan was the president to do so but he failed to veto all of the spending bills sent by the demo congress. Unfortunately when the great day of reckoning comes we need to hope and pray really hard that the great masses realize where the source of our systemic problems and don't demand more gov't programs to end their problems. Ron Paul was the first politician that I supported with contributions although I came close with BG. IMHO Paul was the lightening rod we needed and I felt his program needed on minor tweaking to usher in a new age of financial freedom (this time without the racism, and unnecessary wars) not unlike the period starting around 1880 through 1927. With few exceptions we need to return the political class to an afterthought. I am constantly amazed at how easily citizens surrender their God given rights. Private property rights are paramount as is a low level of taxation and a large dose of citizenship. If more than 5% of the under 40 crowd even knows what citizenship is. We have allowed the pyramid to stad on it's point where all power is seemingly derived from the gov't. 90% could go and it would still be burdensome.

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    • Mon Jun 23rd 07:04 AM | Rating: 0 0
      Commented on:
      Buy Opportunities Like These Do Not Come Along Very Often
      Alex, Your arguments are sound, there will be plenty of time to buy this stock when the worst is behind it. I am over 70% in cash myself. I got in early during the s&l crash, signet bank at $14-12. It bottomed around $8-9 if my memory is right but turned out to be a 6 banger when it was bought out 3 years later. I'm usually early. Admittedly I would prefer a capitulation and reversal in the financials but looking at this unemotionally, the bank earned $2.50 to $2.60 when the share price was at $30. What will it earn over the next 12 months? Is the dividend solid? What are the shorts likely to do as the stock moves higher? I don't have a crystal ball. The one thing missing for me is no insider purchases. If/When that starts back up the truck. It would also help if options were available to provide some insurance.
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    • Sat Jun 21st 20:07 PM | Rating: 0 0
      Commented on:
      Buy Opportunities Like These Do Not Come Along Very Often
      Thanks for the comments onCTBK. It showed up along with AB on one of my screens this weekend. I will place limit orders this weekend at $9.23 and hope an overshoot on its previous lows. This should be a good entry point even if it continues to drop. The Dec. dividend should attract some buying interest soon from the hogs. Technically it is near a short term bottom. I think on the otherhand AB needs to drop much lower before I'm interested.
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