STOCK MARKET Thread

[4444]

Originally Posted by SiRV

On this topic... what is the difference between:

Bank of America Corp. PRFD 'D': NYSE:BAC-D quotes & news - Google Finance
Bank of America Corp. PRFD 'E': NYSE:BAC-E quotes & news - Google Finance
Bank of America Corp. PRFD 'J': NYSE:BAC-J quotes & news - Google Finance

These are 3 types of preferred shares, each at different values.. is there any way I can look into them and see their return? How do preferred shares work?
All I THINK I know is that if/when a company defaults, bond holders and preferred share holders get their money back before the general stock holder population right?

you are right, but if a company is about to default, there may be little to go to pref. s/h after paying out creditors with preference to pref s/h

i'd also never suggest investing in things you aren't 100% knowledgeable about

[SiRV]

at the moment, just doing research about how to use preferred shares, risks involved vs benefits etc. Not specifically looking at BoA per se, just using it as an example.

[Hehe]

Preferred shares are usually bought by long term holders. Their price movement is very small comparing to common shares. If you are into it for less than 2-3 years, I'd say it might not worth the time

[TouringTeg]

Not what I expected from the market today. The market is not satisfied that Italy has signed to accept austerity measures and Berlusconi resigned.

[SiRV]

found my answer here for any lurkers that want more info:

Why would some one buy the new BAC Preferred? - principal, target, brokerage, Bank of America, preferred shares - Morningstar

[Ulic Qel-Droma]

hey guys just a theory/idea that sparked in my head now

i trade futures, i dont look at stocks at all. but i do trade the sp500 futures index.

that shit opens up sunday evening, and by midnight when the european market opens up, you can generally get a good idea of the direction it's going...

doesn't this reflect what the north american open will be like? it's like a little preview isnt it?

if the index starts tanking at midnight, wouldn't a stock trader know shit is gonna open lower monday 6am?

[bakasam]

Picked up a couple contracts of SPY @ 125 Jan2012 today for 5.65

[Sky_High]

Sino-Forest Announces Findings of the Independent Committee
Link

We can categorically say Sino-Forest is not the "near total fraud" and "Ponzi scheme" as alleged by Muddy Waters."

Thoughts?

[Hehe]

^

I'd call bs on that one. If they were indeed guilt-free, there should be more evidence provided. If you had the opportunity to clear all doubt at once, why not do it instead of posting out a release like this.

[highfive]

Property Rights to Plantations / Timber in China

Property rights are relatively new in China and the system for recording them continues to evolve, in the IC's experience, at different rates in different parts of the country.

There are four separate types of rights associated with plantations in China, being (i) plantation land ownership, (ii) plantation land use rights, (iii) timber ownership and (iv) timber use rights. Private enterprises cannot legally hold plantation land ownership but may hold plantation land use rights for a specified duration of up to 70 years, although in certain provinces foreign enterprises cannot acquire land use rights. Private enterprises also may hold timber ownership and timber use rights. This is important to clarify, because Sino-Forest has never claimed to 'own the land' on which it has standing timber.

A plantation rights certificate ("PRC") reflects plantation land ownership and plantation land use rights as registered in the registration system and is the ultimate proof of ownership. There is a nationally mandated registration system for PRCs, although there are some locations where PRCs are not yet issued. There is no system in place to record the sale and purchase of standing timber when that transaction does not also accompany the sale and purchase of land ownership or land use rights. As described above, in China, the right to own or use land is different from the right to own or use the timber on that land.

In circumstances where a PRC was not available, the Company's general practice was (and is) to require suppliers to seek and obtain "confirmation letters" or "approvals" from local forestry bureaus relating to the standing timber purchase contracts entered into by its BVIs. These confirmation letters, although not title documents in the Western sense of that term, provide significant support as to the Company's contractual rights. The Company views these confirmations as letters of comfort which indicate that the relevant forestry bureaus do not dispute the Company's claims to the standing timber to which they relate. These confirmations are not publicly available for review at relevant forestry bureaus and, as a result, the entirety of the Company's plantation assets in China cannot be verified from publicly available sources. However, forestry bureau confirmations have been reviewed in the course of the IC work.

While confirmations provide significant comfort as to the Company's contractual rights, the purchase contracts should be regarded as the primary evidence of the Company's interest in timber assets.

I have heard about this from my dad. China's rights to land use vs timber use is a very complicated law/regulations. I wouldn't be surprised that SINO owned the land use but may not the timber use.

[4444]

this is why one looks to the country of investment so greatly, somewhere like chile, peru, etc. is a great place to invest for mining companies due to the solid laws in place, fair taxes, etc.

too much confusion and clutter in china for my liking (not to say there isn't a load to be made, just saying its not for me)

[wreck]

Originally Posted by Ulic Qel-Droma

hey guys just a theory/idea that sparked in my head now

i trade futures, i dont look at stocks at all. but i do trade the sp500 futures index.

that shit opens up sunday evening, and by midnight when the european market opens up, you can generally get a good idea of the direction it's going...

doesn't this reflect what the north american open will be like? it's like a little preview isnt it?

if the index starts tanking at midnight, wouldn't a stock trader know shit is gonna open lower monday 6am?

for the most part, yes.

[wreck]

so dec 15th RIM announces Q3 earnings.

this will result in the stock either going up a lot, or down a lot.

why not buy both put and call options on this date? i'm confident movement will be massive in either direction, so the gain will def outweigh the small loss, no?

[suzuka84]

Originally Posted by 4444

this is why one looks to the country of investment so greatly, somewhere like chile, peru, etc. is a great place to invest for mining companies due to the solid laws in place, fair taxes, etc.

too much confusion and clutter in china for my liking (not to say there isn't a load to be made, just saying its not for me)

stay out of Peru.

They expropriated a flagship deposit from Bear Creek Mining sinking its share price.

full disclosure - I'm a BCM shareholder.

[leilomo]

Originally Posted by suzuka84

stay out of Peru.

They expropriated a flagship deposit from Bear Creek Mining sinking its share price.

full disclosure - I'm a BCM shareholder.

suzuka, what are your thoughts on uranium?

Have you done any research on DML, UUU, or CCO?

I am long these names and have built a pretty sizeable position in each.

[strykn]

Originally Posted by bakasam

Picked up a couple contracts of SPY @ 125 Jan2012 today for 5.65

good buying opp tomorrow, gonna be a red day. i always fail to pull the trigger on SPY puts ahha

[bakasam]

Originally Posted by strykn

good buying opp tomorrow, gonna be a red day. i always fail to pull the trigger on SPY puts ahha

Actually did a call for that had some pretty good gains (~5%) got greedy and dipped near the end and tomorrow seems like its going to be a down day so I may either sell with what I have or take a small loss :/

[jprk]

hey guys i am thinking of shorting AIG. Opinions?

[lime56]

good short
Posted via RS Mobile

[lime56]

nflx...your ass is mine

[lime56]

big crash tomorrow


my restaurant senses. lol



uh yah. but big one tomorrow
Posted via RS Mobile

[SiRV]

another bad day

[Jermyzy]

I'm going blind from staring at so much red...

[SiRV]

...we should just stick to the drugs

[highfive]

^ I rather stick to your avatar there. I want to drink some of that water...