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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: RonBurgundy73 who wrote (39629)	10/12/2010 12:03:45 PM
From: Mattyice	2 Recommendations Respond to of 78639

Ron, Your thoughts could have come in questions instead of attacking me. The stock to me is just a thing, you can pretend taking ownership in it or however you want to look at it, but i'm not going to lose what little i do sleep over it. I dont like to spend to much detailing the financials facts on here, takes alot of time, everybody can see them on yahoo and are using alot of the same metrics. The stock can go lower actually... any time you make a decision to buy the possibility of going lower is high especially in a really out of favor stock on the breach of being back where it started in 2009. My point is trading at 1x tang book and how out of favor it is, i will enter a starting position in some leaps, same with wfc heading into earnings here. If it goes lower i am going to be patient reevaluate and see what my options are. I can look at financials all day and it still just comes down to a few things whether i want to put my money where my mouth is. I am not really sure what your trying to say with you quick wit there, but it could trade down to you name it #x tang book on numerous factors, still has alot of fat hanging on the side of it with countrywide, merrill, low interest rate environment, housing, not executing as well as others etc. Any time you go into a stock like BAC, even strong shareholders can get shaken out of it, still has some downside risk i think that is fair to say. I only mention that i talked to bankers because i think its interesting how they think, i have alot of contacts in the industry and they love to chit chat especially after a few drinks. If they are telling me whats happening, i wonder if hedge funds have got the same chit chat.... obviously people already know. Yes i could very well be a bozo, i am really ok with that, i like genuine discussion on what goes into peoples decisions on why they are investing, this forum has been a great outlet for me to not talk to myself all day but this bozo has done decently well and has not lost a single dime on a yearly basis since i made my first trade in natural gas futures 5 years ago at the age of 17, yes i was a bozo then too for starting there. : )