Market Update 6/10:: The market is still filled w/ uncertainty. The Trolls like Prince & Flame are SHORTERs in repsect to their portfolio. If you don't like this stock why continue to badger it constantly each day? Thats like telling a person you dont like them 100x over. You don't have to invest here although its in the same boat as the other MBS (mortgage backed securities). As I've shared many times for the past 12 wks, we are in a situation of a 3 headed monster. 1. Fed Hikes, 2. Home Availability is minuscule according to multiple reports, and 3. Home Affordability as US citizens can't seem to find a break anywhere in affordable pricing. Everything is pricey! So why do trolls believe ORC is the only 1 getting hit when NLY, AGNC. TWO, IVR, OXLC and more are getting hit as expected. The grander point is that things will hopefully turn itself around once the macro factors play out on course to full recovery such as Fed capping Hikes on interest rates, Geopolitical tensions ceases, Better public policy on energy meaning lets open up the gas refineries here in the US and not worry about fracking or Green Agenda, Improved Labor, and Improved Logistics or Distribution capabilities. So there's many issues at the macro thats impacting business. Look at $TGT, they had to announce slashing huge prices to get rid of inventory. So this means almost everyone is swimming in negative territory incl large cap like MSFT, Facebook, Amazon, MGM, Adobe, Kohls, and many more. So the Trolls please use your time more effectively. ORC like other REITs will be readjusting expectations like the other stocks thats called preparation for a seismic shift in strategy. This market is filled with pitfalls but you have to be prepared to take on those declines however things will turnaround as this is a macro issue not micro at the balance sheet. I repeat again, the main issue is Home Affordability vs Availability. Once we have a sustainable environment of new homes and cooled off demand we should see home prices reversing to its average mean or previous lows that are market based not Inflated! So be patient. The stock market is about RISK. You can't be risk averse as it'll impact your portfolio. If you want safety, go to $BAC or any other financial institution and buy into a mutual fund or CD account. The wait will payout in huge dividends for you if you're willing to journey thru this environment of uncertainty. Things will eventually improve in the housing market but this is an opportunity to wait and be patient. Stop listening to Trolls, they will help you lose $$$. Do your research and GL to ALL!!!
This will be a excellent place to exit your shares. In the next few days $BAC will be in the 20's but I doubt you hardcore investors will leave the ship and most of you will ride it right into Bankruptcy in the meantime I will just keep riding my $45 short down down down ultimate goal tax free 135k I hate BAC.
R
Best part about Citi’s valuation is that a brief (1-2 year) economic downturn won’t hurt all that much. With ~0.5 BV, it can bleed .25 pps and still be undervalued. While $BAC, $JPM, $WFG, and $GS are all at ~ 1 BV meaning any prolonged hit to BV will spell bearish years for their stock price.
If $BAC covered their shorts they might recover however they just keep shorting stocks to survive and judgement day is going to be devastating for stockholders management who cares. I'm not even happy at BK I want these people in jail for financial crimes against society.
The Faster $BAC goes BK the better off the country will be. Have shorted 3,000 shares in the mid $44's out of pure hatred for $BAC I know there are better shorts, but taking this to zero would be very satisfying.
I just can press the buy button I so want to see $BAC implode with all the swaps they hold Just 3,000 shares short average just a little over $44. Goodbye for now.
$BAC I'm short 3,000 shares at $44 and change. I'm so happy Cramer says Super Strong Buy! YOU CAN MAKE A FORTUNE doing the opposite of the biggest shill on TV Keep it up Cramer, I'm so happy, now that I got the inside scoop. BAC is going to sheet the bed.
Many pundits say a stock market crash is coming. $GS, $AMZN, $UPS, $BAC, $GOOG, $GE, all at or near 52 week lows. I'd say a stock market crash IS happening.
S
Wealthy people buy $AAPL with no problem. Those with less have less disposable income to buy from $AMZN. Maybe they’ll hit $WMT. But they all have jobs so they can borrow money from $UPST $BAC
$CS will fail soon and $BAC will be a year behind them so long crooks you will not be missed. My $44 short is still in place and ready for the safety net of $30 to disappear into the wind.
SEV new “Sion” Solar Powered will be produced along side Mercedes Benz and Porsche.
News from Press Release: Signed binding term sheet with Valmet Automotive as an experienced contract manufacturer for the Sion. As of today, Valmet Automotive has produced over 1.7 million cars for brands like Mercedes, Porsche, and SAAB.
$C $BAC $PYPL $WFC $SEV
S
$UPST and $SOFI should move with $BAC $JPM but instead moves like $FB. They are placed in the wrong category by HFT programmers.
Added shares in $JPM $BAC and $V this morning. I think the bank fraud news is all noise, and as the economy comes back, financials and credit will be the big winners. They have been essentially left for dead the past 6 months or so.
T
Time to buy bank more - Thank you fed $BAC $JPM $AXP $C $DFS - gold mine
I'm not even happy at BK I want these people in jail for financial crimes against society.
Just 3,000 shares short average just a little over $44. Goodbye for now.
YOU CAN MAKE A FORTUNE doing the opposite of the biggest shill on TV
Keep it up Cramer, I'm so happy, now that I got the inside scoop. BAC is going to sheet the bed.
My $44 short is still in place and ready for the safety net of $30 to disappear into the wind.
News from Press Release:
Signed binding term sheet with Valmet Automotive as an experienced contract manufacturer for the Sion. As of today, Valmet Automotive has produced over 1.7 million cars for brands like Mercedes, Porsche, and SAAB.
$C $BAC $PYPL $WFC $SEV