VGStockz: General Questions

[Ail]

aori said:
Ah good old Warren. And I do mean OLD, but that's in a good way.
But from this article,

http://seekingalpha.com/article/315119-warren-buffett-s-investment-in-bank-of-america-is-doing-just-fine

I'm not too sure how wise following him here is. Unless you have 5 billion as well Ail :P


Also about nintendo. The stock probably won't go anywhere much until Christmas. Unless the Wii U amazes. It's going to take a while to get 3ds and wii U in full swing.

Well the banking sector is doing better but still trading at historical low.

It's hard to predict short term move but medium term it's reasonnable to expect bank of America to climb back from the hole it is.

I don't think it will ever regain pre 2008 value but there is a lot of room in between...

 

As for that article, it shows how foolish some people are to question Buffet.

He's already in the green in his warrants and stands to make one of the best financial deal of the decade on them..( 700 millions warrant at 7.14, the stock is already at 8.13, if he waits a few years to exercise them I'm willing to bet his final profit on the the warrants alone will be around 10 billion $ ..)

 

PS : since that article the stock is up over 50%. But is still far from the 14.70$/share it was worth one year ago.. Not even going to mention the 50$/share it was before the 2008 crisis as that is unrealistic valuation with the new financial regulations coming in. But a return to the 15$/share price of 2010 seems reasonnable

And anyway with my current stake, whichever way the stock goes my overall portfollio won't be affected that much ( I have like 1.7% of my holdings in BAC), I'm in to monitor the stock more easilly, I will most likely increase my investment when I see an opportunity...