Hi Lou, What do you think? Is Bank of America Corp (NYSE: BAC) a good value at this point, or am I waiting for a deeper discount before I will consider buying some? Vincent Hi Vincent, Thanks for the assignment. I recently screened over 60 mid cap U.S. banks for the Trade [...]
Lou, Wondering if you may be able to provide your insight into Metanor Resources. Producing, awaiting 43 101, infrastructure value worth more than the stock. On a weekly chart looks like a head and shoulders but this one is making me break all trading rules of being a wise and discreet. Your help [...]
I don’t think BP approaches $60 again unless there is a large increase in the price of oil.
Nothing suggests a breakout or a breakdown and until volume and production pick up its not likely to move in either direction.
As to your question if CEN is a strong hold or a buy I think its a strong candidate as a trading stock.
Capital preservation is code for cutting your losses and getting to your next trade. What I have learned in my 43 years as an investor is that most of the time your first loss is your smallest loss.
Keep your powder dry and remember the best time to buy a stock is when it has established an uptrend. Anticipating a bottom could see you finding new lows with your money.
