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wren
Posted on: Apr 17 2015, 10:34 PM


Group: Member
Posts: 2,911

So mista,
Are you suggesting that 'Assumptions' which are made in almost all so called 'research' cannot be highlighted?
Once there was a degree of intellectual rigor on SSc. However we now have the situation that any idiotic statement has to be 'respected'. What a lot of b/s! As you may have guessed by now,my view is that Australians ( I'm one) have an inflated opinion of themselves which is totally result of good luck and nothing else.That luck,imo,is running out.
These threads are full of comments from folk who cannot grasp even the simplest of concepts such as what a ratio represents.If these people actually traded in a significant fashion they would have lost their capital years ago.
There have been many illuminating moments on SSc.These generally demonstrate a total lack of appreciation of the most fundamental concepts of logical thought. My pick for the most ridiculous posts would have to be SLA. Unhappily there are many close runner ups.
The good news is that this is my final post! No more will I have to endure that Gold 'is worth' $3,000,that the U.S. Economy is about to collapse,that FMG was a bargain at $6,that the USD is about to collapse...updated yearly,that there were only three Universities in the UK in 1960,that going long on stocks in a long term downtrend is a great way of making money etc,etc.
So,to a few of you on SSc...you know who you are..a fond farewell .
  Forum: By Share Code

wren
Posted on: Apr 17 2015, 03:22 PM


Group: Member
Posts: 2,911

The asset values you quote are totally dependent on the assumptions that are made by the analyst.Suggest you read those assumptions:they range from $60 to over $100 per barrel.These numbers are way in excess of current price.
The above is just one example of (imo) such alleged research being a waste of space.If any analyst anywhere in the world knew what the price of oil was going to be in 12 months they would sell the house,buy as many Futures contracts as possible and retire to somewhere sunny with a pleasant companion or two.
  Forum: By Share Code

wren
Posted on: Apr 16 2015, 10:56 PM


Group: Member
Posts: 2,911

Remind you of anything Louie.....


12 Dec 2007
Read Topic
In Topic: IFE

20m shares and 600,000 mmt of IRON ORE

U DO THE MATHS

IFE slipping UNDERNEATH THE RADAR

Management Team stripped from BHP Olympic Dam and others

ONLY 20 Million Shares on offer and will soon control 80% of Wilcherry Hill said to contain around 600000 million Tonns of Iron Ore

DO SOME RESEARCH

BUY SOME SHARES

My gift to you - MERRY CHRISTMAS

CHOMP CHOMP CHOMP
Current share price of IFE..? About 2 cents.Unhappy Easter.
  Forum: By Share Code

wren
Posted on: Apr 15 2015, 01:15 PM


Group: Member
Posts: 2,911

Flower,
The Hartleys valuation is very recent whereas those you quote are less so.I thought I had made it clear (fwiw) that it is not my own view.The post was meant to be of interest to those who may hold the stock.As you may have gathered I hold Broker's opinion to be worthless.
What is interesting is that you have faithfully posted every single ASX Ann. (Including those announcing that a Director farted) wrt CVN,however for some reason...you failed to post this one.
  Forum: By Share Code

wren
Posted on: Apr 15 2015, 11:11 AM


Group: Member
Posts: 2,911

Some interesting reading on that website triage…thanks
  Forum: Investment Discussion

wren
Posted on: Apr 15 2015, 11:00 AM


Group: Member
Posts: 2,911

FWIW….from a couple of days ago……….."Carnarvon Petroleum Price Target Cut 36% to A$0.18/Share by Hartleys"
  Forum: By Share Code

wren
Posted on: Apr 14 2015, 11:23 PM


Group: Member
Posts: 2,911

Sprott Asset a Management eh.
Hope Eric Sprott is not part of this outfit.Dear old Eric made a confident forecast to his devoted followers (in 2011) that Silver would be $100 per onz by 2012!Almost correct except for the decimal point.Today Silver is about $16.50.
As for RMS,let's hope it goes well despite the Sprott connection.
  Forum: By Share Code

wren
Posted on: Apr 14 2015, 08:14 AM


Group: Member
Posts: 2,911

BHP has been one of the worst stocks to be in,if long term investment was your aim.Same SP today as 9 years ago.
How about now? The TA suggests another leg down is more likely than not.As mentioned previously,it needs to stay above $27 :if it doesn't,expect a large fall.(fwiw,that is what I believe will happen over the next year or so)
  Forum: By Share Code

wren
Posted on: Apr 13 2015, 10:43 PM


Group: Member
Posts: 2,911

Chomp chomp.
Give it a rest Louie .
  Forum: By Share Code

wren
Posted on: Apr 13 2015, 03:50 PM


Group: Member
Posts: 2,911

AUD takes a whacking today on the back of weak China numbers.Down1.0 US cents.
China is looking more like a shrinking monster: not good for the very lucky country.
  Forum: Macro Factors

wren
Posted on: Apr 13 2015, 03:39 PM


Group: Member
Posts: 2,911

RTR....never heard of it,however they have just appointed Nathan Tinkler as a Corporate Advisor!
I'm in!
  Forum: Off Topic Chat

wren
Posted on: Apr 12 2015, 11:56 PM


Group: Member
Posts: 2,911

Agree with all that.
If one wishes to be an accurate forecaster,forecast frequently.Sooner or later you wll be correct! When that moment happens..which it will one day..." There you are,I told you so".
  Forum: Macro Factors

wren
Posted on: Apr 7 2015, 10:18 PM


Group: Member
Posts: 2,911

Transfer of wealth eh Louie?
Members should read Louie's posts from 2009,2008,2007.Now those tips "chomp,chomp",really did transfer wealth,but not to those who fell for Louie's b/s.
  Forum: By Share Code

wren
Posted on: Apr 7 2015, 03:04 PM


Group: Member
Posts: 2,911

' No cut' it was. (can't be wrong all the time…)
Sorry eb,missed your post.
  Forum: Macro Factors

wren
Posted on: Apr 7 2015, 02:42 PM


Group: Member
Posts: 2,911

BCI down 11% today.Another Iron ore stock which may go the way of all flesh.

The terrible truth is at last being recognised by the market.
  Forum: By Share Code

wren
Posted on: Apr 7 2015, 02:31 PM


Group: Member
Posts: 2,911

Going for 'no cut'.
The AUD has had the stuffing knocked out of it.Low commodities are death to AUD (and Oz,imo),so I reckon they will do nothing.
Level of confidence in forecast…..low.
  Forum: Macro Factors

wren
Posted on: Apr 7 2015, 11:40 AM


Group: Member
Posts: 2,911

I stand corrected.CVN also made some very bullish statements,however these must have been subsequent to Apache.
So,what do you make of the recent Ann?
  Forum: By Share Code

wren
Posted on: Apr 7 2015, 10:54 AM


Group: Member
Posts: 2,911

The Market response to the independent assessment could be described as 'muted'.There is plenty of technical comment over the road for those interested.The consensus is that the results are disappointing with some suggesting that CVN initially overcalled their discovery.
  Forum: By Share Code

wren
Posted on: Apr 7 2015, 10:36 AM


Group: Member
Posts: 2,911

"Atlas Iron Requests Suspension Pending Business Review" Ann. expected within 2 weeks.

The beginning of the end for AGO?
Dreams of unlimited wealth and endless overseas holidays are fading fast.

  Forum: By Share Code

wren
Posted on: Apr 2 2015, 11:41 AM


Group: Member
Posts: 2,911

FMG has fallen to a multi year low.The price of FMG's bonds is falling.A yield of 14% is available on their USD Bonds.
  Forum: By Share Code

wren
Posted on: Apr 2 2015, 11:36 AM


Group: Member
Posts: 2,911

Flower,
you say "Overnight the broader US market got clobbered"

Actually,what happened (I do realise that the real world is irrelevant ) was that the S+P 500 fell 0.40%. Is that "being clobbered'?
  Forum: Macro Factors

wren
Posted on: Mar 25 2015, 11:05 PM


Group: Member
Posts: 2,911

Apologies. Slayer,I missed your question.Yes Australian cash ( foreign exchange ) reserves are about $40 billion.Apple has 3.5 times that sum in USD,remarkable really.
  Forum: Investment Discussion

wren
Posted on: Mar 25 2015, 04:14 PM


Group: Member
Posts: 2,911

Twiggy may have made some very illadvised comments where he seems to have more or less suggested the IO producers should get together to control the price of their product.imo this could be quite serious for FMG.The maximum fines for any such offence...and no charges have been laid at this point,so maybe no breach of the Act actually occurred...are horrendous.From memory,the maximum Civil penalty is 10% of turnover.I believe there are also Criminal provisions though as always it all depends on context.
I doubt that this issue will simply fade away.
  Forum: By Share Code

wren
Posted on: Mar 23 2015, 11:31 PM


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Posts: 2,911

By the time all the Allied troops were finally evacuated on Jan. 9, 1916, they had suffered 130,000 battlefield casualties, with probably twice that number invalided because of diseases such as dysentery and typhoid. For an attack conceived as a way of reducing the carnage in northern France, it doubly failed.
Winnie dreamed up the Gallipoli campaign ,by any objective measure one of the most foolhardy 'adventures' of modern times.Enormous loss of human life down to one man's illconceived and poorly considered vision.
Churchill.....no thanks.
  Forum: Off Topic Chat

wren
Posted on: Mar 20 2015, 11:36 PM


Group: Member
Posts: 2,911

Hi again K1
I'm interested in your statements regarding the fall in migration to the U.S.
This is from the Congressional Research Service,Nov. 2014.
"The United States has a history of receiving immigrants, and these foreign-born residents of the United States have come from all over the world.
• Immigration to the United States today has reached annual levels comparable to the early years of the 20th century.
• Immigration over the last few decades of the 20th century was not as dominated by three or four countries as it was earlier in the century, and this pattern has continued into the 21st century.
• The number of foreign-born residents in the United States is at its highest level in U.S. history, reaching 41.3 million in 2013.
• Foreign-born residents of the United States made up 13.1% of the U.S. population in 2013, approaching levels not seen since the proportion of foreign- born residents reached 14.8% in 1910."
  Forum: Investment Discussion

wren
Posted on: Mar 20 2015, 04:28 PM


Group: Member
Posts: 2,911

Hi K 1
Thanks for your posts.One small point:I'm not a Seppo...5th generation Australian.
Something which seems to be ignored by the 'hate US brigade' is the enormous wealth of large numbers of US corporations.There are posters here that have stated that a $100 million dollar company in Australia is a major player in the oil game and that some nobody who ran the show was a world figure in the Oil Industry.Leave me alone!
For those who think the U.S. is cactus,read this...
" “As Moody details, the combined cash of Apple, Microsoft, Google, Verizon Communications and Pfizer climbed to $US404 billion at the end of last year,” he continued. “That figure is up over 16.4% from the prior year and is in excess of some of Asia’s most cash-laden nations including South Korea, with foreign exchange reserves of $US336 billion, Hong Kong ($311 billion), Singapore ($270 billion) and India ($268 billion). America’s top five holders of cash not only have more in the bank than most Asian states, but their savings are also in excess of the entire Eurozone’s ($221 billion).”
Has the USA got problems?Sure it does,but so do many countries including ours.What we don't have and the U.S. does have is a wide based economy.
  Forum: Investment Discussion

wren
Posted on: Mar 20 2015, 11:46 AM


Group: Member
Posts: 2,911

" This is an insult to every idiot who owns a USA treasury bond. The same to any idiot who is long US dollars"

I don't wish to spoil a great tale,however the facts (as opposed to what 'should be') are that those who have held US Bonds and USDs have made an absolute fortune in recent years.The 'idiots' are those who did not own these assets.
  Forum: Investment Discussion

wren
Posted on: Mar 18 2015, 02:43 PM


Group: Member
Posts: 2,911

A little more on FMG…It is just one opinion,and I'm sure there will others that don't share this bleak assessment.

"FMG have cancelled their US$2.5bn debt re-financing announced yesterday having failed to 'attract suitable interest from investors'. The AFR says they would have had to pay 9% instead of the 7% expected. Its not a good sign "



  Forum: By Share Code

wren
Posted on: Mar 18 2015, 11:01 AM


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Posts: 2,911

And FMG down 6%.
So not all Financiers have the same high opinion of FMG as held by some at SSc.
  Forum: By Share Code

wren
Posted on: Mar 17 2015, 04:26 PM


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Posts: 2,911

Flower,
We have been through this before.Rising interest rates do not necessarily spell the end for equities.The correlation is quite variable.
From a research paper...

"Stock/bond correlation
Exhibit 1 illustrates the trailing six-month rolling correlations since 1968 between the daily percent changes in the S&P 500 Stock Price Index and daily changes in the 10-year government bond yield. Correlation coefficients range between +1 (both variables move directly and perfectly together) and -1 (both variables move perfectly inversely to one another), and a coefficient near zero implies the variables mostly move independently.
From 1968 until the late 1990s, the relationship between stock prices and bond yields was characterized by a persistent negative correlation.That is, higher interest rates were typically associated with lower stock prices. Since 1997, however, the correlation has typically been positive whereby rising interest rates are usually linked to gains in the stock market.What does the relationship between stocks and bonds signify and why did the correlation change so significantly since the late 1990s"
  Forum: Investment Discussion

wren
Posted on: Mar 17 2015, 10:38 AM


Group: Member
Posts: 2,911

'Takeover alert' eh JimBoy! Trivial Volume with price drifting down.Good luck with that sort of 'thinking'.
  Forum: By Share Code

wren
Posted on: Mar 13 2015, 06:45 PM


Group: Member
Posts: 2,911

" As you know i think the only thing crashing is cash"
Really do not understand that statement.Holding cash has been way better than holding many commodities.A holder of Gold for example has lost a bundle compared to cash in the bank.This is especially true if your currency of choice is USD.In most of France holding cash has been superior to owning property (Paris excepted)...etc,etc
  Forum: Investment Discussion

wren
Posted on: Mar 13 2015, 11:57 AM


Group: Member
Posts: 2,911

" Great trading stock--for those with the intestinal fortitude trade it from $1.90 to $2.40."

How about the constant downtrend from $6…now that is a great trading stock.During that terrible descent,some including you were telling anyone who would listen what a great FA stock FMG was as it was so under valued. Take strength from your own soul mate K1 who reckoned FMG was worth $25 !
  Forum: By Share Code

wren
Posted on: Mar 13 2015, 11:32 AM


Group: Member
Posts: 2,911

FMG is currently $1.95.
We here a lot about TA v FA on SSc (or we did once).
Bell Potter have a target of $3.50 or so for FMG,so is a buy.
Axiom have a target of 89 cents,so is a sell.

Why the huge difference?It is all about assumptions and these by their very nature are 'rubbery'.
Personally will stick with TA.
  Forum: By Share Code

wren
Posted on: Mar 12 2015, 11:07 AM


Group: Member
Posts: 2,911

USD up another 1% last night.What a run.
The chart is looking 'parabolic' to me.If I was trading The USD directly on the FX markets reckon taking half or so off the table about now wouldn't be the worst of ideas.
  Forum: Macro Factors

wren
Posted on: Mar 12 2015, 06:01 AM


Group: Member
Posts: 2,911

Hi alonso,
You may already be aware of this:PRY is on the most shorted stock list (top 20).
Just for interest,so are BCI,AGO and FMG
A couple more:MTS and MYR




  Forum: By Share Code

wren
Posted on: Mar 11 2015, 11:09 PM


Group: Member
Posts: 2,911

The US dollar is not worthless Wren, who has been saying that? The US is the best resourced country on earth, it is also arguably a bastion of capitalism and property rights. Imagine

Well we agree on something...along with others have been pointing this out for 5 years or more.
Have a read of the USD,AUD and Gold threads over the past few years for decent belly laugh.No poster has had a greater number of 'Thanks' than K1.This greatly revered fellow has been completely and utterly wrong with all his stated calls.These include FMG being worth $25 (ridiculous) and the AUD being worth $1.35 US (ditto).What interests me about these forums is that being totally wrong in no way diminishes credibility .The reason is that folk love those who agree with them even if they are wrong.It is a form of Affirmation Bias.In layman' language,misery loves company.u
  Forum: Macro Factors

wren
Posted on: Mar 11 2015, 10:52 PM


Group: Member
Posts: 2,911

OK,here is what a Statistician would reply to this form of 'model'...classic curve fitting.There are several thousand systems out there which accurately predicted the 87 crash (et al).The problem is that they also called the other 45 crashes which did not happen.This sort of curve fitting is a favourite of Turf tipsters:what really is surprising is how many punters fall for it.
  Forum: Investment Discussion

wren
Posted on: Mar 11 2015, 09:25 AM


Group: Member
Posts: 2,911

CBA now $89.70.The day is still young,however it the SP finishes here(or lower),reckon $86 or so is the next elevator stop.
  Forum: By Share Code

wren
Posted on: Mar 11 2015, 08:49 AM


Group: Member
Posts: 2,911

GG...maybe you should start a new thread for those who believe in The Big Girl upstairs.
  Forum: Off Topic Chat

wren
Posted on: Mar 11 2015, 08:09 AM


Group: Member
Posts: 2,911

Last night the USD jumped yet another 1%.So,'the Dollar is worthless and is about to crash' cheer squad are wrong yet again.
What is a little interesting is that Gold is holding up rather well in this environment :a base for the metal may indeed be developing.
  Forum: Macro Factors

wren
Posted on: Mar 10 2015, 03:03 PM


Group: Member
Posts: 2,911

" but I've decided some people are not worth responding too as they take the bull/bear thing like some sort of religious belief."
Wrong yet again eshmun. I do not and never have expressed a long term view of Market direction.It is a futile exercise because the long term is not tradable. On the other hand,you have a heart felt belief that Gold is undervalued and quote GoldBug conspiracy sites to reinforce your belief. (Affirmation Bias).If Gold did show TA features suggesting that it had turned the corner I would be more than pleased to be part of that trend.

  Forum: Macro Factors

wren
Posted on: Mar 10 2015, 10:43 AM


Group: Member
Posts: 2,911

"This is my last post."

Praise God! (and Her cycles)

  Forum: Off Topic Chat

wren
Posted on: Mar 9 2015, 04:03 PM


Group: Member
Posts: 2,911

"Do not think you need to be a Rhodes Scholar to work out that RIO and BHP will be the ultimate winners."
Great to see that you wised up....eventually.
If readers are interested in an amusing read look no further than the FMG thread.Our latest Rhodes Scholar has,until now,been a constant promotors of FMG..even suggesting it is unpatriotic to suggest it could fail!According to the Scholar,FMG was great value (when it was falling) at $6 and even better value when it was $4.
  Forum: By Share Code

wren
Posted on: Mar 9 2015, 01:37 PM


Group: Member
Posts: 2,911

Been looking at CBA from a TA perspective……warning,have a poor record with this stock.
Seems that CBA needs to stay above $90,otherwise a fall to $86 or so is on the cards. On a very poor day for the Market,the Banks have actually held up better than most.
  Forum: By Share Code

wren
Posted on: Mar 9 2015, 01:04 PM


Group: Member
Posts: 2,911

My very long held view is that the minor IO players are going to be/are deeply in the sticky stuff and will not survive.FMG is in a slightly better position,but not by much imo.The FMG debt is enormous and it needs a higher IO price in order to survive..As stated many times before,BHP/RIO are going to be the winners when this plays out.
  Forum: By Share Code

wren
Posted on: Mar 9 2015, 12:49 PM


Group: Member
Posts: 2,911

flower,the refinance is not over the line (see the post prior to yours)
  Forum: By Share Code

wren
Posted on: Mar 8 2015, 11:52 PM


Group: Member
Posts: 2,911

Why is anyone holding USD Gold stocks?
Answer....they aren't.In Sept 2011 the HUI
Index was about 600 and today it is 190 or so.
  Forum: Macro Factors

wren
Posted on: Mar 8 2015, 11:42 PM


Group: Member
Posts: 2,911

OK,so here is what has happened over the past 70 years.Is today's debt extreme?Not on these official figures.

United States Government Debt to GDP 1940-2015 | Data | Chart | Calendar
The United States recorded a Government Debt to GDP of 101.53 percent of the country's Gross Domestic Product in 2013. Government Debt To GDP in the United States averaged 60.81 Percent from 1940 until 2013, reaching an all time high of 121.70 Percent in 1946 and a record low of 31.70 Percent in 1974. Government Debt To GDP in the United States is reported by the U.S. Bureau of Public Debt.
  Forum: Macro Factors

wren
Posted on: Mar 8 2015, 12:26 PM


Group: Member
Posts: 2,911

" Countries like the US with massive debts need hyper inflation to reduce indebtedness, bad as it would be it is better than deflation. As America goes ......"
Just for the record,for those who are interested in facts rather than conspiracy theories:the U.S. National Debt as a %age of GDP is less than UK,Canada,France,Austria ,Japan and Germany.
  Forum: Macro Factors

wren
Posted on: Mar 6 2015, 11:55 PM


Group: Member
Posts: 2,911

The USD just jumped 1%. Jobs created in the last month= 295,000.Unemployment fallen to 5.5%.
So,next we will have a few losers who write newsletters from their garages saying the figures are manipulated etc,etc.And who will quote these duds? Let's see...
  Forum: Macro Factors

wren
Posted on: Mar 6 2015, 03:22 PM


Group: Member
Posts: 2,911

" When that happens the central banks will have no options left. Bring on the military to calm the riots and the queues at the big bank doors, chained and bolted together nice and tight."


Blimey eshmun!Too many highly coloured drinks?You had better get that 'short CBA' plan sorted:bit messy at present.There are plenty of good books on how to short anything.
Should your conspiracy scenario play out,not worried personally.Have plenty of Confederate Money as have always believed that The South will rise again.



  Forum: Macro Factors

wren
Posted on: Mar 6 2015, 11:53 AM


Group: Member
Posts: 2,911

If FMG can pull off the finance deal,and they most likely will it will be good for them.However,not quite a done deal….."Chief Financial Officer Stephen Pearce noted that the refinancing and liability management exercise is commonplace in the US debt capital market and will be finalised over the next few weeks, subject to satisfactory pricing and terms for the refinancing"

The real issue for FMG,AGO etc is the price of Iron Ore.I don't believe there are a whole lot of highly valuable assets to flog off if need be (FMG is the best off here).Who would wish to buy IO deposits which are way more costly to mine than those owned by BHP/RIO?
  Forum: By Share Code

wren
Posted on: Mar 6 2015, 11:38 AM


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Posts: 2,911

In fact,last night was an 11 year high for the Dollar Index.
  Forum: Macro Factors

wren
Posted on: Mar 6 2015, 11:20 AM


Group: Member
Posts: 2,911

The USD is up 20% in the past 12 months,and last night made a new 5 year high.Not a bad effort for a currency which 'should have' collapsed years ago..apparently.
On a more serious note (most of the USD thread is pure humour),a pullback in the Dollar Index seems overdue.Longer term,the USD should move a lot higher.
  Forum: Macro Factors

wren
Posted on: Mar 6 2015, 10:25 AM


Group: Member
Posts: 2,911

"The price of iron-ore shipped to China fell 4.5% late Thursday, to US$59.30 a metric ton, according to data provider The Steel Index. That's the lowest value recorded since March 2009, when the benchmark price slinked as low as US$59.10 a ton."

FMG,the stock which was said to be great value (by some) when north of $6 is today trading at $2.18.It is just a matter of time before some of the second tier I.O. outfits close up shop.
  Forum: By Share Code

wren
Posted on: Mar 4 2015, 03:07 PM


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Posts: 2,911

Zerohedge eh? Well they know a thing or two….

May 2012……"And as for crude going to $250 – yes, it may cause huge headaches for regular folks but for banks it means record bonuses, and as a reminder, the Fed works for the banks, not the people, pardon neo-feudal debt slaves". Unless crude has rocketed in the past milli-second,that call was out by $200!
  Forum: Investment Discussion

wren
Posted on: Mar 4 2015, 12:41 PM


Group: Member
Posts: 2,911

Flower have a look at the chart.
You have decided to choose the highest level of the Index in 40 years as your baseline.If you cannot see the error in that type of thinking,there really isn't much hope.
Equally foolish would be selecting the Index level a couple of years prior to the peak.If one did that,it could be said the Index has not changed in 40 years.
  Forum: Macro Factors

wren
Posted on: Mar 4 2015, 07:58 AM


Group: Member
Posts: 2,911

As you say eshmun " I don't do charting".Just as well.

The Falling Wedge is a bullish pattern that begins wide at the top and contracts as prices move lower. This price action forms a cone that slopes down as the reaction highs and reaction lows converge. In contrast to symmetrical triangles, which have no definitive slope and no bias, falling wedges definitely slope down and have a bullish bias. However, this bullish bias cannot be realized until a resistance breakout.This pattern is actually not particularly reliable,but that's another issue.

Personally,very long term charts like this don't have much practical use imo because such time scales are not tradable.
Banging on about the USD being about to collapse is equally futile.One day maybe it will,so those that have been promoting this concept for the last 30 years will be able to say"told you so"but being wrong for 30,40 or 50 years,it will be a Pyrrhric victory.
  Forum: Macro Factors

wren
Posted on: Mar 3 2015, 02:48 PM


Group: Member
Posts: 2,911

TAP down 10% to a new 15 year (yep,that's years) low.
  Forum: By Share Code

wren
Posted on: Mar 3 2015, 01:18 PM


Group: Member
Posts: 2,911

flower,
Try actually looking at the chart.The stated average over the period was 100.The Index today is 95 or so. So over 35 years the Index is close to its average….You say the chart 'shows the real weakness' of the USD. No it does not.
  Forum: Macro Factors

wren
Posted on: Mar 1 2015, 08:30 AM


Group: Member
Posts: 2,911

This couldn't be Australia.....could it?

http://www.bbc.co.uk/news/business-31658750
  Forum: Investment Discussion

wren
Posted on: Feb 26 2015, 10:50 PM


Group: Member
Posts: 2,911

The Phoenix Capital guru speaks.....
" Indeed, I fully believe that we may in fact be on the verge of a Crash in the markets. All the Red Flags are there. Europe’s entire banking system is on the verge of systemic collapse. Take a look at European banks and you’ll see what I mean."

Nice call Graham! This particular call was in....wait for it....Sept 2011.
  Forum: Investment Discussion

wren
Posted on: Feb 24 2015, 05:54 PM


Group: Member
Posts: 2,911

This is for interest only.As of last week,Apple had a market cap. which was 14% of the total cap of the twenty largest cap stocks in the US.
Truly remarkable for such a young company.And,it generates enormous revenues.
  Forum: Investment Discussion

wren
Posted on: Feb 24 2015, 02:46 PM


Group: Member
Posts: 2,911

So,O Wise One how would you define 'the whole market' ?
  Forum: Investment Discussion

wren
Posted on: Feb 24 2015, 02:38 PM


Group: Member
Posts: 2,911

Looks like you are wrong…yet again.Before (yep before) Apple's recent take off….
In 2012
"If you want to invest broadly in the U.S. technology sector, conventional wisdom says one way to do it is to buy a fund that tracks the Nasdaq Composite Index. You might not be getting the broad tech-sector exposure you think, however. Roughly 12 percent of the Nasdaq's valuation comes from the stock of one company: Apple. "

The Apple %age in 2012 was pre Facebook and Amazon…so will check further..
  Forum: Investment Discussion

wren
Posted on: Feb 24 2015, 11:21 AM


Group: Member
Posts: 2,911

"Since when does a bank or anyone reporting record profits decide to raise capital?"

Geez plastic…stick to Biotech sector.Companies raise capital for all sorts of reasons.Here are two.
1. They believe that they can make 20% profit from a loan at 5% interest.

2.Regulatory changes that require increased capital.Check out Basel 3.
  Forum: By Share Code

wren
Posted on: Feb 24 2015, 10:56 AM


Group: Member
Posts: 2,911

"If CBA and the other large banks were removed from the index, I'd expect that the near 30% gain that this index has shown in the last 5 years would vanish in a flash."

Is that really worth saying?If BHP or RIO were removed from the materials Index the Index itself would essentially disappear,but that is not going to happen either.
Am not personally a Bank investor,but to suggest that the CBA's SP is totally due to the 'housing boom' is not supported by the very long history of the CBA's profitably .At present the Banks in general have very,very, low numbers of non performing loans..that is a fact.Of course this may change:when it does your dream of great profits from shorting the CBA may be a reality.A point worth considering is this:what you are now saying could have been said with equal reasoning a couple of years ago when the SP of the CBA was a whole lot lower than it is today.So,just as well you did not implement your strategy then!
  Forum: Investment Discussion

wren
Posted on: Feb 23 2015, 04:20 PM


Group: Member
Posts: 2,911

Eshmun
Your risk warnings regarding ETFs are too general (imo)
Many EFTs have identical risk to that of the underlying shares etc held by the Fund.Most..maybe all Vanguard Funds are of this type.Some EFTs use covered calls or futures etc to slightly alter returns or change volatility.A bit of risk but not much.Of course there are plenty of more adventous EFTs out there and perhaps you are referring to those.
So,as usual,'it all depends' so investors need to do their own research.

  Forum: Investment Discussion

wren
Posted on: Feb 21 2015, 07:19 AM


Group: Member
Posts: 2,911

Main Street Banks in the US fared well during the GFC?
Open main menu
Last edited 19 days ago by K7L
List of bank failures in the United States (2008–present)
Watch this page
The 2008 financial crisis led to the failure of a large number of banks in the United States. The Federal Deposit Insurance Corporation (FDIC) closed 465 failed banks from 2008 to 2012.[1] In contrast, in the five years prior to 2008, only 10 banks failed.[1][2]

A bank failure is the closing of a bank by a federal or state banking regulatory agency. The FDIC is named as Receiver for a bank's assets when its capital levels are too low, or it cannot meet obligations the next day.[2][3] After a bank's assets are placed into Receivership, the FDIC acts in two capacities—first, it pays insurance to the depositors, up to the deposit insurance limit, for assets not sold to another bank. Second, as the receiver of the failed bank, it assumes the task of selling and collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit. The FDIC insures up to $250,000 per depositor, per insured bank, as a result of the Emergency Economic Stabilization Act of 2008, which raised the limit from $100,000.[4]

The receivership of Washington Mutual Bank by federal regulators on September 26, 2008, was the largest bank failure in U.S. history. Regulators simultaneously brokered the sale of most of WaMu's assets to JPMorgan Chase, which planned to write down the value of Washington Mutual's loans at least $31 billion.[5][6]

Contents
List of bank failures in 2008
List of bank failures in 2009
List of bank failures in 2010
List of bank failures in 2011
List of bank failures in 2012
List of bank failures in 2013
List of bank failures in 2014
See also
Notes
External links
List of bank failures in 2008Edit

The following 25 (26 including the Utah-based wholly owned subsidiary of Washington Mutual, which was covered under the same FDIC closure notice as its parent company)[7] banks failed in 2008:[1]

Bank City State Date Acquired by Assets
($mil.)
1 Douglass National Bank Kansas City Missouri January 25, 2008 Liberty Bank and Trust 58.5
2 Hume Bank Hume Missouri March 7, 2008 Security Bank 18.7
3 ANB Financial NA Bentonville Arkansas May 9, 2008 Pulaski Bank and Trust Company 2,100
4 First Integrity Bank, NA Staples Minnesota May 30, 2008 First International Bank and Trust 54.7
5 IndyMac Pasadena California July 11, 2008 OneWest Bank, FSB 32,000
6 First National Bank of Nevada Reno Nevada July 25, 2008 Mutual of Omaha Bank 3,400
7 First Heritage Bank, NA Newport Beach California July 25, 2008 Mutual of Omaha Bank 254
8 First Priority Bank Bradenton Florida August 1, 2008 SunTrust Bank 259
9 The Columbian Bank and Trust Company Topeka Kansas August 22, 2008 Citizens Bank and Trust 752
10 Integrity Bank Alpharetta Georgia August 29, 2008 Regions Bank 1,100
11 Silver State Bank Henderson Nevada September 5, 2008 Nevada State Bank 2,000
12 Ameribank Northfork West Virginia September 19, 2008 The Citizens Savings Bank
Pioneer Community Bank 113
13 Washington Mutual Bank Seattle Washington September 25, 2008 JPMorgan Chase Bank 307,000
14 Main Street Bank Northville Michigan October 10, 2008 Monroe Bank and Trust 98
15 Meridian Bank Eldred Illinois October 10, 2008 National Bank 39.2
16 Alpha Bank & Trust Alpharetta Georgia October 24, 2008 Stearns Bank, N.A. 354.1
17 Freedom Bank Bradenton Florida October 31, 2008 Fifth Third Bank 287
18 Franklin Bank Houston Texas November 7, 2008 Prosperity Bank 5,100
19 Security Pacific Bank Los Angeles California November 7, 2008 Pacific Western Bank 561.1
20 The Community Bank Loganville Georgia November 21, 2008 Bank of Essex 681.0
21 Downey Savings and Loan Newport Beach California November 21, 2008 U.S. Bank, N.A. 12,800
22 PFF Bank and Trust Pomona California November 21, 2008 U.S. Bank, N.A. 3,700
23 First Georgia Community Bank Jackson Georgia December 5, 2008 United Bank 237.5
24 Haven Trust Bank Duluth Georgia December 12, 2008 Branch Banking and Trust Company (BB&T) 572
25 Sanderson State Bank Sanderson Texas December 12, 2008 The Pecos County State Bank 37
Total Assets ($mil.) from bank failures in 2008: $373,578.

List of bank failures in 2009Edit

The following 140 banks failed in 2009:[1]

Bank City State Date Acquired by Assets
($mil.)
1 National Bank of Commerce Berkeley Illinois January 16, 2009 Republic Bank of Chicago 430.9
2 Bank of Clark County Vancouver Washington January 16, 2009 Umpqua Bank 446.5
3 1st Centennial Bank Redlands California January 23, 2009 First California Bank 803.3
4 MagnetBank Salt Lake City Utah January 30, 2009 None (insured depositors paid directly) 292.9
5 Suburban FSB Crofton Maryland January 30, 2009 Bank of Essex 360
6 Ocala National Bank Ocala Florida January 30, 2009 CenterState Bank of Florida, N.A. 223.5
7 FirstBank Financial Service McDonough Georgia February 6, 2009 Regions Bank 337
8 Alliance Bank Culver City California February 6, 2009 California Bank and Trust 1,140
9 County Bank Merced California February 6, 2009 Westamerica Bank 1,700
10 Sherman County Bank Loup City Nebraska February 13, 2009 Heritage Bank 129.8
11 Riverside Bank of the Gulf Coast Cape Coral Florida February 13, 2009 TIB Bank 539
12 Corn Belt Bank & Trust Co. Pittsfield Illinois February 13, 2009 The Carlinville National Bank 271.8
13 Pinnacle Bank of Oregon Beaverton Oregon February 13, 2009 Washington Trust Bank of Spokane 73
14 Silver Falls Bank Silverton Oregon February 20, 2009 Citizens Bank 131.4
15 Heritage Community Bank Glenwood Illinois February 27, 2009 MB Financial Bank, N.A. 232.9
16 Security Savings Bank Henderson Nevada February 27, 2009 Bank of Nevada 238.3
17 Freedom Bank of Georgia Commerce Georgia March 6, 2009 Northeast Georgia Bank 173
18 FirstCity Bank Stockbridge Georgia March 20, 2009 None (insured depositors paid directly) 297
19 Colorado National Bank Colorado Springs Colorado March 20, 2009 Herring Bank 123.9
20 TeamBank, NA Paola Kansas March 20, 2009 Great Southern Bank 669.8
21 Omni National Bank Atlanta Georgia March 27, 2009 SunTrust Bank 956.0
22 Cape Fear Bank Wilmington North Carolina April 10, 2009 First Federal Savings and Loan Association 492
23 New Frontier Bank Greeley Colorado April 10, 2009 None (Wound down by FDIC as receiver) 2,000
24 American Sterling Bank Sugar Creek Missouri April 17, 2009 Metcalf Bank 181
25 Great Basin Bank of Nevada Elko Nevada April 17, 2009 Nevada State Bank 271
26 American Southern Bank Kennesaw Georgia April 24, 2009 Bank of North Georgia 112.3
27 Michigan Heritage Bank Farmington Hills Michigan April 24, 2009 Level One Bank 184.6
28 First Bank of Beverly Hills Calabasas California April 24, 2009 None (insured depositors paid directly) 1,500
29 First Bank of Idaho Ketchum Idaho April 24, 2009 U.S. Bank, N.A. 488.9
30 Silverton Bank, NA Atlanta Georgia May 1, 2009 None (insured depositors paid directly) 4,100
31 Citizens Community Bank Ridgewood New Jersey May 1, 2009 North Jersey Community Bank 45.1
32 America West Bank Layton Utah May 1, 2009 Cache Valley Bank 299.4
33 Westsound Bank Bremerton Washington May 8, 2009 Kitsap Bank 334.6
34 BankUnited FSB Coral Gables Florida May 21, 2009 BankUnited 12,800
35 Strategic Capital Bank Champaign Illinois May 22, 2009 Midland States Bank 537
36 Citizens National Bank Macomb Illinois May 22, 2009 Morton Community Bank 437
37 Bank of Lincolnwood Lincolnwood Illinois June 5, 2009 Republic Bank of Chicago 214
38 Southern Community Bank Fayetteville Georgia June 19, 2009 United Community Bank 377
39 Cooperative Bank Wilmington North Carolina June 19, 2009 First Bank 970
40 First National Bank of Anthony Anthony Kansas June 19, 2009 Bank of Kansas 156.9
41 Community Bank of West Georgia Villa Rica Georgia June 26, 2009 None (insured depositors paid directly) 199.4
42 Neighborhood Community Bank Newnan Georgia June 26, 2009 Charterbank 221.6
43 Horizon Bank Pine City Minnesota June 26, 2009 Stearns Bank, N.A. 87.6
44 MetroPacific Bank Irvine California June 26, 2009 Sunwest Bank 80
45 Mirae Bank Los Angeles California June 26, 2009 Wilshire State Bank 456
46 First National Bank of Danville Danville Illinois July 2, 2009 First Financial Bank, N.A. 166
47 Rock River Bank Oregon Illinois July 2, 2009 The Harvard State Bank 77
48 John Warner Bank Clinton Illinois July 2, 2009 State Bank of Lincoln 70
49 First State Bank of Winchester Winchester Illinois July 2, 2009 The First National Bank of Beardstown 36
50 Elizabeth State Bank Elizabeth Illinois July 2, 2009 Galena State Bank and Trust Company 56
51 Millennium State Bank of Texas Dallas Texas July 2, 2009 State Bank of Texas 118
52 Founders Bank Worth Illinois July 2, 2009 The PrivateBank and Trust Company 963
53 Bank of Wyoming Thermopolis Wyoming July 10, 2009 Central Bank and Trust 70
54 Temecula Valley Bank Temecula California July 17, 2009 First-Citizens Bank and Trust Company 1,500
55 Vineyard Bank Rancho Cucamonga California July 17, 2009 California Bank and Trust 1,900
56 BankFirst Sioux Falls South Dakota July 17, 2009 Alerus Financial, N.A. 275
57 First Piedmont Bank Winder Georgia July 17, 2009 First American Bank and Trust Company 115
58 Security Bank of Bibb County Macon Georgia July 24, 2009 State Bank and Trust Company 1,200
59 Security Bank of North Metro Woodstock Georgia July 24, 2009 State Bank and Trust Company 224
60 Security Bank of North Fulton Alpharetta Georgia July 24, 2009 State Bank and Trust Company 209
61 Security Bank of Gwinnett County Suwanee Georgia July 24, 2009 State Bank and Trust Company 322
62 Security Bank of Jones County Gray Georgia July 24, 2009 State Bank and Trust Company 453
63 Security Bank of Houston County Perry Georgia July 24, 2009 State Bank and Trust Company 383
64 Waterford Village Bank Williamsville New York July 24, 2009 Evans Bank, N.A. 61
65 Integrity Bank Jupiter Florida July 31, 2009 Stonegate Bank 119
66 First State Bank of Altus Altus Oklahoma July 31, 2009 Herring Bank 103
67 First BankAmericano Elizabeth New Jersey July 31, 2009 Crown Bank 166
68 Peoples Community Bank West Chester Ohio July 31, 2009 First Financial Bank, N.A. 706
69 Mutual Bank Harvey Illinois July 31, 2009 United Central Bank 1,600
70 First State Bank Sarasota Florida August 7, 2009 Stearns Bank, N.A. 463
71 Community National Bank of Sarasota County Venice Florida August 7, 2009 Stearns Bank, N.A. 97
72 Community First Bank Prineville Oregon August 7, 2009 Home Federal Bank 209
73 Union Bank, NA Gilbert Arizona August 14, 2009 MidFirst Bank 124
74 Dwelling House Savings and Loan Association Pittsburgh Pennsylvania August 14, 2009 PNC Bank, N.A. 13
75 Colonial Bank Montgomery Alabama August 14, 2009 Branch Banking and Trust (BB&T) 25,000
76 Community Bank of Arizona Phoenix Arizona August 14, 2009 MidFirst Bank 156
77 Community Bank of Nevada Las Vegas Nevada August 14, 2009 None (insured depositors paid directly) 159
78 First Coweta Bank Newnan Georgia August 21, 2009 United Bank 167
79 Guaranty Bank Austin Texas August 21, 2009 BBVA Compass 13,000
80 CapitalSouth Bank Birmingham Alabama August 21, 2009 IBERIABANK 617
81 ebank Atlanta Georgia August 21, 2009 Stearns Bank, N.A. 143
82 Bradford Bank Baltimore Maryland August 28, 2009 Manufacturers & Traders Trust Company 452
83 Mainstreet Bank Forest Lake Minnesota August 28, 2009 Central Bank 459
84 Affinity Bank Ventura California August 28, 2009 Pacific Western Bank 1,000
85 First Bank of Kansas City Kansas City Missouri September 4, 2009 Great American Bank 16
86 InBank Oak Forest Illinois September 4, 2009 MB Financial Bank, N.A. 212
87 Vantus Bank Sioux City Iowa September 4, 2009 Great Southern Bank 458
88 Platinum Community Bank Rolling Meadows Illinois September 4, 2009 None (insured depositors paid directly) 346
89 First State Bank Flagstaff Arizona September 4, 2009 Sunwest Bank 105
90 Corus Bank Chicago Illinois September 11, 2009 MB Financial Bank, N.A. 7,000
91 Brickwell Community Bank Woodbury Minnesota September 11, 2009 CorTrust Bank, N.A. 72
92 Venture Bank Lacey Washington September 11, 2009 First-Citizens Bank and Trust Company 970
93 Irwin Union Bank and Trust Company Columbus Indiana September 18, 2009 First Financial Bank, N.A. 2,700
94 Irwin Union Bank, F.S.B. Louisville Kentucky September 18, 2009 First Financial Bank, N.A. 493
95 Georgian Bank Atlanta Georgia September 25, 2009 First Citizens Bank and Trust Company 2,000
96 Warren Bank Warren Michigan October 2, 2009 The Huntington National Bank 538
97 Jennings State Bank Spring Grove Minnesota October 2, 2009 Central Bank 56
98 South Colorado National Bank Pueblo Colorado October 2, 2009 Legacy Bank 40
99 San Joaquin Bank Bakersfield California October 16, 2009 Citizens Business Bank 775
100 Partners Bank Naples Florida October 23, 2009 Stonegate Bank 66
101 American United Bank Lawrenceville Georgia October 23, 2009 Ameris Bank 111
102 Hillcrest Bank Florida Naples Florida October 23, 2009 Hillcrest Bank, N.A. 83
103 Flagship National Bank Bradenton Florida October 23, 2009 First Federal Bank of Florida 190
104 Bank of Elmwood Racine Wisconsin October 23, 2009 Tri City National Bank 327
105 Riverview Community Bank Otsego Minnesota October 23, 2009 Central Bank 108
106 First DuPage Bank of Westmont Westmont Illinois October 23, 2009 First Midwest Bank 279
107 Community Bank of Lemont Lemont Illinois October 30, 2009 U.S. Bank, N.A. 82
108 Bank USA, N.A. Phoenix Arizona October 30, 2009 U.S. Bank, N.A. 213
109 California National Bank Los Angeles California October 30, 2009 U.S. Bank, N.A. 7,800
110 San Diego National Bank San Diego California October 30, 2009 U.S. Bank, N.A. 3,600
111 Pacific National Bank San Francisco California October 30, 2009 U.S. Bank, N.A. 2,300
112 Park National Bank Chicago Illinois October 30, 2009 U.S. Bank, N.A. 4,700
113 Citizens National Bank Teague Texas October 30, 2009 U.S. Bank, N.A. 118
114 Madisonville State Bank Madisonville Texas October 30, 2009 U.S. Bank, N.A. 257
115 North Houston Bank Houston Texas October 30, 2009 U.S. Bank, N.A. 326
116 United Security Bank Sparta Georgia November 6, 2009 Ameris Bank 157
117 Home Federal Savings Bank Detroit Michigan November 6, 2009 Liberty Bank and Trust Company 15
118 Prosperan Bank Oakdale Minnesota November 6, 2009 Alerus Financial, N.A. 200
119 Gateway Bank of St. Louis St. Louis Missouri November 6, 2009 Central Bank of Kansas City 28
120 United Commercial Bank San Francisco California November 6, 2009 East West Bank 11,200
121 Century Bank, F.S.B. Sarasota Florida November 13, 2009 IBERIABANK 728
122 Orion Bank Naples Florida November 13, 2009 IBERIABANK 2,700
123 Pacific Coast National Bank San Clemente California November 13, 2009 Sunwest Bank 134
124 Commerce Bank of Southwest Florida Fort Myers Florida November 20, 2009 Central Bank 80
125 The Buckhead Community Bank Atlanta Georgia December 4, 2009 State Bank and Trust 874
126 First Security National Bank Norcross Georgia December 4, 2009 State Bank and Trust 128
127 The Tattnall Bank Reidsville Georgia December 4, 2009 Heritage Bank of the South 50
128 AmTrust Bank Cleveland Ohio December 4, 2009 New York Community Bank 12,000
129 Benchmark Bank Aurora Illinois December 4, 2009 MB Financial Bank, N.A. 170
130 Greater Atlantic Bank Reston Virginia December 4, 2009 Sonabank 203
131 Republic Federal Bank, N.A. Miami Florida December 11, 2009 1st United Bank 433
132 Valley Capital Bank, N.A. Mesa Arizona December 11, 2009 Enterprise Bank and Trust 40
133 SolutionsBank Overland Park Kansas December 11, 2009 Arvest Bank 511
134 RockBridge Commercial Bank Atlanta Georgia December 18, 2009 None (insured depositors paid directly) 294
135 Peoples First Community Bank Panama City Florida December 18, 2009 Hancock Bank 1,800
136 Citizens State Bank New Baltimore Michigan December 18, 2009 None (insured depositors paid directly) 169
137 New South Federal Savings Bank Irondale Alabama December 18, 2009 Beal Bank 1,500
138 Independent Bankers' Bank Springfield Illinois December 18, 2009 The Independent Bankers Bank 586
139 Imperial Capital Bank La Jolla California December 18, 2009 City National Bank 4,000
140 First Federal Bank of California, F.S.B. Santa Monica California December 18, 2009 OneWest Bank, FSB 6,100
Total Assets ($mil.) from bank failures in 2009: $163,755.

List of bank failures in 2010Edit

The following 157 banks failed in 2010:[1]

Bank City State Date Acquired by Assets
($mil.)
1 Horizon Bank Bellingham Washington January 8, 2010 Washington Federal Savings and Loan Association 1,300
2 Town Community Bank & Trust Antioch Illinois January 15, 2010 First American Bank 70
3 St. Stephen State Bank St. Stephen Minnesota January 15, 2010 First State Bank of St. Joseph 25
4 Barnes Banking Company Kaysville Utah January 15, 2010 None (insured depositors paid directly) 828
5 Premier American Bank Miami Florida January 22, 2010 Premier American Bank, N.A. 351
6 Bank of Leeton Leeton Missouri January 22, 2010 Sunflower Bank, N.A. 20
7 Charter Bank Sante Fe New Mexico January 22, 2010 Charter Bank 1,200
8 Evergreen Bank Seattle Washington January 22, 2010 Umpqua Bank 489
9 Columbia River Bank The Dalles Oregon January 22, 2010 Columbia State Bank 1,100
10 First National Bank of Georgia Carrollton Georgia January 29, 2010 Community and Southern Bank 833
11 Florida Community Bank Immokalee Florida January 29, 2010 Premier American Bank, N.A. 876
12 Marshall Bank, N.A. Hallock Minnesota January 29, 2010 United Valley Bank 60
13 Community Bank and Trust Cornelia Georgia January 29, 2010 SCBT, NA 1,210
14 First Regional Bank Los Angeles California January 29, 2010 First-Citizens Bank and Trust Company 2,180
15 American Marine Bank Bainbridge Island Washington January 29, 2010 Columbia State Bank 373
16 1st American State Bank of Minnesota Hancock Minnesota February 5, 2010 Community Development Bank, FSB 18
17 La Jolla Bank La Jolla California February 19, 2010 OneWest Bank, FSB 3,600
18 George Washington Savings Bank Orland Park Illinois February 19, 2010 FirstMerit Bank, N.A. 413
19 The La Coste National Bank La Coste Texas February 19, 2010 Community National Bank 54
20 Marco Community Bank Marco Island Florida February 19, 2010 Mutual of Omaha Bank 120
21 Carson River Community Bank Carson City Nevada February 26, 2010 Heritage Bank of Nevada 51
22 Rainier Pacific Bank Tacoma Washington February 26, 2010 Umpqua Bank 718
23 Centennial Bank Ogden Utah March 5, 2010 None (insured depositors paid directly) 215
24 Waterfield Bank Germantown Maryland March 5, 2010 None (insured depositors paid directly) 156
25 Bank of Illinois Normal Illinois March 5, 2010 Heartland Bank and Trust Company 212
26 Sun American Bank Boca Raton Florida March 5, 2010 First-Citizens Bank and Trust Company 536
27 LibertyPointe Bank New York New York March 12, 2010 Valley National Bank 210
28 The Park Avenue Bank New York New York March 12, 2010 Valley National Bank 520
29 Statewide Bank Covington Louisiana March 12, 2010 Home Bank 243
30 Old Southern Bank Orlando Florida March 12, 2010 Centennial Bank 316
31 American National Bank Parma Ohio March 19, 2010 The National Bank and Trust Company 70
32 Advanta Bank Corp Draper Utah March 19, 2010 None (insured depositors paid directly) 1,600
33 Century Security Bank Duluth Georgia March 19, 2010 Bank of Upson 97
34 Bank of Hiawassee Hiawassee Georgia March 19, 2010 Citizens South Bank 378
35 Appalachian Community Bank Ellijay Georgia March 19, 2010 Community and Southern Bank 1,010
36 First Lowndes Bank Luverne Alabama March 19, 2010 First Citizens Bank 137
37 State Bank of Aurora Aurora Minnesota March 19, 2010 Northern State Bank 28
38 Desert Hills Bank Phoenix Arizona March 26, 2010 New York Community Bank 497
39 Unity National Bank Cartersville Georgia March 26, 2010 Bank of the Ozarks 292
40 Key West Bank Key West Florida March 26, 2010 Centennial Bank 88
41 McIntosh Commercial Bank Carrollton Georgia March 26, 2010 Hamilton State Bank 363
42 Beach First National Bank Myrtle Beach South Carolina April 9, 2010 Bank of North Carolina 585
43 City Bank Lynnwood Washington April 16, 2010 Whidbey Island Bank 1,130
44 Tamalpais Bank San Rafael California April 16, 2010 Union Bank, N.A. 629
45 Innovative Bank Oakland California April 16, 2010 Center Bank 269
46 Butler Bank Lowell Massachusetts April 16, 2010 People's United Bank 268
47 Riverside National Bank of Florida Fort Pierce Florida April 16, 2010 TD Bank, N.A. 3,420
48 AmericanFirst Bank Clermont Florida April 16, 2010 TD Bank, N.A. 91
49 First Federal Bank of North Florida Palatka Florida April 16, 2010 TD Bank, N.A. 393
50 Lakeside Community Bank Sterling Heights Michigan April 16, 2010 None (insured depositors paid directly) 53
51 Amcore Bank Rockford Illinois April 23, 2010 Harris, N.A. 3,400
52 Broadway Bank Chicago Illinois April 23, 2010 MB Financial, N.A. 1,200
53 Citizens Bank and Trust Company of Chicago Chicago Illinois April 23, 2010 Republic Bank of Chicago 77
54 Lincoln Park Saving Bank Chicago Illinois April 23, 2010 Northbrook Bank and Trust Company 200
55 New Century Bank Chicago Illinois April 23, 2010 MB Financial, N.A. 486
56 Peotone Bank and Trust Company Peotone Illinois April 23, 2010 First Midwest Bank 130
57 Wheatland Bank Naperville Illinois April 23, 2010 Wheaton Bank and Trust 437
58 BC National Banks Butler Missouri April 30, 2010 Community First Bank 67
59 CF Bancorp Port Huron Michigan April 30, 2010 First Michigan Bank 1,650
60 Champion Bank Creve Coeur Missouri April 30, 2010 BankLiberty 187
61 Eurobank San Juan Puerto Rico April 30, 2010 Orient Bank and Trust 2,560
62 Frontier Bank Everett Washington April 30, 2010 Union Bank[8] 3,500
63 R-G Premier Bank of Puerto Rico Hato Rey Puerto Rico April 30, 2010 Scotiabank de Puerto Rico 5,920
64 Westernbank Puerto Rico Mayaguez Puerto Rico April 30, 2010 Banco Popular de Puerto Rico 11,940
65 1st Pacific Bank of California San Diego California May 7, 2010 City National Bank 336
66 Towne Bank of Arizona Mesa Arizona May 7, 2010 Commerce Bank of Arizona 120
67 Access Bank Champlin Minnesota May 7, 2010 PrinsBank 32
68 The Bank of Bonifay Bonifay Florida May 7, 2010 First Federal Bank of Florida 243
69 Midwest Bank and Trust Company Elmwood Park Illinois May 14, 2010 FirstMerit Bank, N.A. 3,170
70 New Liberty Bank Plymouth Michigan May 14, 2010 Bank of Ann Arbor 109
71 Satilla Community Bank St. Marys Georgia May 14, 2010 Ameris Bank 136
72 Southwest Community Bank Springfield Missouri May 14, 2010 Simmons First National Bank 97
73 Pinehurst Bank St. Paul Minnesota May 21, 2010 Coulee Bank 61
74 Bank of Florida-Southeast Fort Lauderdale Florida May 28, 2010 EverBank 595
75 Bank of Florida-Southwest Naples Florida May 28, 2010 EverBank 641
76 Bank of Florida-Tampa Bay Tampa Florida May 28, 2010 EverBank 245
77 Sun West Bank Las Vegas Nevada May 28, 2010 City National Bank 361
78 Granite Community Bank Granite Bay California May 28, 2010 Tri Counties Bank 103
79 TierOne Bank Lincoln Nebraska June 4, 2010 Great Western Bank 2,800
80 First National Bank Rosedale Mississippi June 4, 2010 The Jefferson Bank 60
81 Arcola Homestead Savings Bank Arcola Illinois June 4, 2010 None (insured depositors paid directly) 17
82 Washington First International Bank Seattle Washington June 11, 2010 East West Bank 521
83 Nevada Security Bank Reno Nevada June 18, 2010 Umpqua Bank 480
84 Peninsula Bank Englewood Florida June 25, 2010 Premier American Bank, N.A. 644
85 First National Bank Savannah Georgia June 25, 2010 The Savannah Bank 253
86 High Desert State Bank Albuquerque New Mexico June 25, 2010 First American Bank 81
87 Bay National Bank Baltimore Maryland July 9, 2010 Bay Bank, FSB 282
88 Ideal Federal Savings Bank Baltimore Maryland July 9, 2010 None (insured depositors paid directly) 6
89 USA Bank Port Chester New York July 9, 2010 New Century Bank 190
90 Home National Bank Blackwell Oklahoma July 9, 2010 RCB Bank 561
91 Woodlands Bank Bluffton South Carolina July 16, 2010 Bank of the Ozarks 376
92 First National Bank of the South Spartanburg South Carolina July 16, 2010 NAFH National Bank 682
93 Mainstreet Savings Bank Hastings Michigan July 16, 2010 Commercial Bank 97
94 Metro Bank of Dade County Miami Florida July 16, 2010 NAFH National Bank 442
95 Turnberry Bank Aventura Florida July 16, 2010 NAFH National Bank 264
96 Olde Cypress Community Bank Clewiston Florida July 16, 2010 CenterState Bank of Florida 169
97 Community Security Bank New Prague Minnesota July 23, 2010 Roundbank 108
98 Crescent Bank and Trust Co Jasper Georgia July 23, 2010 Renasant Bank 1,000
99 Sterling Bank Lantana Florida July 23, 2010 IBERIABANK 408
100 Williamsburg First National Bank Kingstree South Carolina July 23, 2010 First Citizens Bank and Trust Company 139
101 Thunder Bank Sylvan Grove Kansas July 23, 2010 The Bennington State Bank 33
102 SouthwestUSA Bank Las Vegas Nevada July 23, 2010 Plaza Bank 214
103 Home Valley Bank Cave Junction Oregon July 23, 2010 South Valley Bank and Trust 252
104 Bayside Savings Bank Port Saint Joe Florida July 30, 2010 Centennial Bank 66
105 Coastal Community Bank Panama City Florida July 30, 2010 Centennial Bank 373
106 NorthWest Bank and Trust Acworth Georgia July 30, 2010 State Bank and Trust Company 168
107 The Cowlitz Bank Longview Washington July 30, 2010 Heritage Bank 529
108 LibertyBank Eugene Oregon July 30, 2010 Home Federal Bank 768
109 Ravenswood Bank Chicago Illinois August 6, 2010 Northbrook Bank and Trust Company 265
110 Palos Bank and Trust Palos Heights Illinois August 13, 2010 First Midwest Bank 493
111 ShoreBank Chicago Illinois August 20, 2010 Urban Partnership Bank 2,160
112 Community National Bank at Bartow Bartow Florida August 20, 2010 CenterState Bank of Florida 68
113 Independent National Bank Ocala Florida August 20, 2010 CenterState Bank of Florida 156
114 Imperial Savings & Loan Martinsville Virginia August 20, 2010 River Community Bank, N.A. 9
115 Butte Community Bank Chico California August 20, 2010 Rabobank, N.A. 499
116 Pacific State Bank Stockton California August 20, 2010 Rabobank, N.A. 312
117 Los Padres Bank Solvang California August 20, 2010 Pacific Western Bank 870
118 Sonoma Valley Bank Sonoma California August 20, 2010 Westamerica Bank 337
119 Horizon Bank Bradenton Florida September 10, 2010 Bank of the Ozarks 188
120 Bank of Ellijay Ellijay Georgia September 17, 2010 Community and Southern Bank 169
121 First Commerce Community Bank Douglasville Georgia September 17, 2010 Community and Southern Bank 248
122 Peoples Bank Winder Georgia September 17, 2010 Community and Southern Bank 447
123 ISN Bank Cherry Hill New Jersey September 17, 2010 Customers Bank 82
124 Bramble Savings Bank Milford Ohio September 17, 2010 Foundation Bank 48
125 Maritime Savings Bank West Allis Wisconsin September 17, 2010 North Shore Bank, FSB 351
126 Haven Trust Bank Florida Ponte Vedra Beach Florida September 24, 2010 First Southern Bank 149
127 North County Bank Arlington Washington September 24, 2010 Whidbey Island Bank 289
128 Wakulla Bank Crawfordville Florida October 1, 2010 Centennial Bank 424
129 Shoreline Bank Shoreline Washington October 1, 2010 GBC International Bank 104
130 Security Savings Bank, FSB Olathe Kansas October 15, 2010 Simmons First National Bank 508
131 WestBridge Bank and Trust Company Chesterfield Missouri October 15, 2010 Midland State Bank 92
132 Premier Bank Jefferson City Missouri October 15, 2010 Providence Bank 1,200
133 Hillcrest Bank Overland Park Kansas October 22, 2010 Hillcrest Bank, N.A. 1,600
134 First Bank of Jacksonville Jacksonville Florida October 22, 2010 Ameris Bank 81
135 Progress Bank of Florida Tampa Florida October 22, 2010 Bay Cities Bank 111
136 First National Bank of Barnesville Barnesville Georgia October 22, 2010 United Bank 131
137 Gordon Bank Gordon Georgia October 22, 2010 Morris Bank 29
138 First Suburban National Bank Maywood Illinois October 22, 2010 Seaway Bank and Trust Company 149
139 First Arizona Savings Scottsdale Arizona October 22, 2010 None (insured depositors paid directly) 272
140 K Bank Randallstown Maryland November 5, 2010 Manufacturers and Traders Trust Company 538
141 Western Commercial Bank Woodland Hills California November 5, 2010 First California Bank 99
142 First Vietnamese American Bank Westminster California November 5, 2010 Grandpoint Bank 48
143 Pierce Commercial Bank Tacoma Washington November 5, 2010 Heritage Bank 221
144 Tifton Banking Company Tifton Georgia November 12, 2010 Ameris Bank 144
145 Darby Bank & Trust Vidalia Georgia November 12, 2010 Ameris Bank 655
146 Copper Star Bank Scottsdale Arizona November 12, 2010 Stearns Bank, N.A. 204
147 Gulf State Community Bank Carrabelle Florida November 19, 2010 Centennial Bank 112
148 Allegiance Bank of North America Bala Cynwyd Pennsylvania November 19, 2010 VIST Bank 106
149 First Banking Center Burlington Wisconsin November 19, 2010 First Michigan Bank 821
150 Paramount Bank Farmington Hills Michigan December 10, 2010 Level One Bank 253
151 Earthstar Bank Southampton Pennsylvania December 10, 2010 Polonia Bank 113
152 Chestatee State Bank Dawsonville Georgia December 17, 2010 Bank of the Ozarks 244
153 First Southern Bank Batesville Arkansas December 17, 2010 Southern Bank 156
154 Community National Bank Lino Lakes Minnesota December 17, 2010 Farmers & Merchants Savings Bank 29
155 United Americas Bank Atlanta Georgia December 17, 2010 State Bank and Trust Company 194
156 Appalachian Community Bank McCaysville Georgia December 17, 2010 Peoples Bank of East Tennessee 68
157 The Bank of Miami, N.A. Coral Gables Florida December 17, 2010 1st United Bank 448
Total Assets ($mil.) from bank failures in 2010: $95,975.

List of bank failures in 2011Edit

The following 92 banks failed in 2011:[1]

Bank City State Date Acquired by Assets
($mil.)
1 First Commercial Bank of Florida Orlando Florida January 7, 2011 First Southern Bank 599
2 Legacy Bank Scottsdale Arizona January 7, 2011 Enterprise Bank and Trust 151
3 Oglethorpe Bank Brunswick Georgia January 14, 2011 Bank of the Ozarks 231
4 Enterprise Banking Company McDonough Georgia January 21, 2011 None (insured depositors paid directly) 96
5 CommunitySouth Bank and Trust Easley South Carolina January 21, 2011 CertusBank, NA 402
6 Bank of Asheville Asheville North Carolina January 21, 2011 First Bank 188
7 United Western Bank Denver Colorado January 21, 2011 First-Citizens Bank and Trust Company 1,650
8 FirsTier Bank Louisville Colorado January 28, 2011 None (insured depositors paid directly) 782
9 First Community Bank Taos New Mexico January 28, 2011 U.S. Bank, N.A. 2,300
10 First State Bank Camargo Oklahoma January 28, 2011 Bank 7 44
11 Evergreen State Bank Stoughton Wisconsin January 28, 2011 McFarland State Bank 247
12 American Trust Bank Roswell Georgia February 4, 2011 Renasant Bank 238
13 North Georgia Bank Watkinsville Georgia February 4, 2011 BankSouth 153
14 Community First Bank Chicago Illinois February 4, 2011 Northbrook Bank and Trust 51
15 Peoples State Bank Hamtramck Michigan February 11, 2011 First Michigan Bank 391
16 Canyon National Bank Palm Springs California February 11, 2011 Pacific Premier Bank 211
17 Sunshine State Community Bank Port Orange Florida February 11, 2011 Premier American Bank, N.A. 126
18 Badger State Bank Cassville Wisconsin February 11, 2011 Royal Bank 84
19 Habersham Bank Clarkesville Georgia February 18, 2011 SCBT, NA 387
20 Citizens Bank of Effingham Springfield Georgia February 18, 2011 Heritage Bank of the South 214
21 Charter Oak Bank Napa California February 18, 2011 Bank of Marin 121
22 San Luis Trust Bank, FSB San Luis Obispo California February 18, 2011 First California Bank 333
23 Valley Community Bank St. Charles Illinois February 25, 2011 First State Bank 123
24 First National Bank of Davis Davis Oklahoma March 11, 2011 The Pauls Valley National Bank 90
25 Legacy Bank Milwaukee Wisconsin March 11, 2011 Seaway Bank and Trust Company 190
26 Bank of Commerce Wood Dale Illinois March 25, 2011 Advantage National Bank Group 163
27 Western Springs National Bank and Trust Western Springs Illinois April 11, 2011 Heartland Bank and Trust Company 186
28 Nevada Commerce Bank Las Vegas Nevada April 11, 2011 City National Bank 144
29 Bartow County Bank Cartersville Georgia April 15, 2011 Hamilton State Bank 330
30 New Horizons Bank East Ellijay Georgia April 15, 2011 Citizens South Bank 110
31 Nexity Bank Birmingham Alabama April 15, 2011 AloStar Bank of Commerce 793
32 Superior Bank Birmingham Alabama April 15, 2011 Superior Bank, NA 3,000
33 Rosemount National Bank Rosemount Minnesota April 15, 2011 Central Bank 37
34 Heritage Banking Group Carthage Mississippi April 15, 2011 TrustMark National Bank 224
35 Community Central Bank Mount Clemens Michigan April 29, 2011 Talmer Bank and Trust 476
36 Park Avenue Bank Valdosta Georgia April 29, 2011 Bank of the Ozarks 953
37 First Choice Community Bank Dallas Georgia April 29, 2011 Bank of the Ozarks 309
38 Cortez Community Bank Brooksville Florida April 29, 2011 Florida Community Bank 71
39 First National Bank of Central Florida Winter Park Florida April 29, 2011 Florida Community Bank 352
40 Coastal Bank Cocoa Beach Florida May 6, 2011 Florida Community Bank 129
41 Atlantic Southern Bank Macon Georgia May 20, 2011 CertusBank, NA 742
42 First Georgia Banking Company Franklin Georgia May 20, 2011 CertusBank, NA 731
43 Summit Bank Burlington Washington May 20, 2011 Columbia State Bank 143
44 First Heritage Bank Snohomish Washington May 27, 2011 Columbia State Bank 174
45 Atlantic Bank and Trust Charleston South Carolina June 3, 2011 First Citizens Bank and Trust Company 208
46 McIntosh State Bank Jackson Georgia June 17, 2011 Hamilton Bank 339.9
47 First Commercial Bank of Tampa Bay Tampa Florida June 17, 2011 Stonegate Bank 98.6
48 Mountain Heritage Bank Clayton Georgia June 24, 2011 First American Bank and Trust Company 103.7
49 First Chicago Bank & Trust Chicago Illinois July 8, 2011 Northbrook Bank and Trust Company 959.3
50 Colorado Capital Bank Castle Rock Colorado July 8, 2011 First-Citizens Bank and Trust Company 717.5
51 Signature Bank Windsor Colorado July 8, 2011 Points West Community Bank 66.7
52 One Georgia Bank Atlanta Georgia July 15, 2011 Ameris Bank 186.3
53 High Trust Bank Stockbridge Georgia July 15, 2011 Ameris Bank 192.5
54 First Peoples Bank Port St. Lucie Florida July 15, 2011 Premier American Bank, N.A. 228.3
55 Summit Bank Prescott Arizona July 15, 2011 The Foothills Bank 72.0
56 Southshore Community Bank Apollo Beach Florida July 22, 2011 American Momentum Bank 46.3
57 LandMark Bank of Florida Sarasota Florida July 22, 2011 American Momentum Bank 275.0
58 Bank of Choice Greeley Colorado July 22, 2011 Bank Midwest, N.A. 1,070
59 Virginia Business Bank Richmond Virginia July 29, 2011 Xenith Bank 95.8
60 BankMeridian, N.A. Columbia South Carolina July 29, 2011 SCBT, NA 239.8
61 Integra Bank, NA Evansville Indiana July 29, 2011 Old National Bank 2,200
62 Bank of Shorewood Shorewood Illinois August 5, 2011 Heartland Bank and Trust Company 110.7
63 Bank of Whitman Colfax Washington August 5, 2011 Columbia State Bank 548.6
64 The First National Bank of Olathe Olathe Kansas August 12, 2011 Enterprise Bank and Trust 538.1
65 Public Savings Bank Huntingdon Valley Pennsylvania August 18, 2011 Capital Bank, N.A. 46.8
66 Lydian Private Bank Palm Beach Florida August 19, 2011 Sabadell United Bank, N.A. 1,700
67 First Southern National Bank Statesboro Georgia August 19, 2011 Heritage Bank of the South 164.6
68 First Choice Bank Geneva Illinois August 19, 2011 Inland Bank and Trust 141
69 Patriot Bank of Georgia Cumming Georgia September 2, 2011 Georgia Commerce Bank 150.8
70 CreekSide Bank Woodstock Georgia September 2, 2011 Georgia Community Bank 102.3
71 First National Bank of Florida Milton Florida September 9, 2011 Charter Bank 296.8
72 Bank of the Commonwealth Norfolk Virginia September 23, 2011 Southern Bank and Trust Company 985.1
73 Citizens Bank of Northern California Nevada City California September 23, 2011 Tri Counties Bank 288.8
74 First International Bank Plano Texas September 30, 2011 American First National Bank 239.9
75 The RiverBank Wyoming Minnesota October 7, 2011 Central Bank 417.4
76 Sun Security Bank Ellington Missouri October 7, 2011 Great Southern Bank 355.9
77 Piedmont Community Bank Gray Georgia October 14, 2011 State Bank and Trust Company 201.7
78 Blue Ridge Savings Bank Asheville North Carolina October 14, 2011 Bank of North Carolina 161
79 First State Bank Cranford New Jersey October 14, 2011 Northfield Bank (Staten Island, NY) 204.4
80 Country Bank Aledo Illinois October 14, 2011 Blackhawk Bank & Trust 190.6
81 Old Harbor Bank Clearwater Florida October 21, 2011 1st United Bank 215.9
82 Decatur First Bank Decatur Georgia October 21, 2011 Fidelity Bank 191.5
83 Community Capital Bank Jonesboro Georgia October 21, 2011 State Bank and Trust Company 181.2
84 Community Banks of Colorado Greenwood Village Colorado October 21, 2011 Bank Midwest, N.A. 1,380
85 All American Bank Des Plaines Illinois October 28, 2011 International Bank of Chicago 37.8
86 Mid City Bank, Inc. Omaha Nebraska November 4, 2011 Premier Bank 106.1
87 SunFirst Bank Saint George Utah November 4, 2011 Cache Valley Bank 376.2
88 Community Bank of Rockmart Rockmart Georgia November 10, 2011 Century Bank of Georgia 62.4
89 Polk County Bank Johnston Iowa November 18, 2011 Grinnell State Bank 91.6
90 Central Progressive Bank Lacombe Louisiana November 18, 2011 First NBC Bank 383.1
91 Premier Community Bank of the Emerald Coast Crestview Florida December 16, 2011 Summit Bank 126.0
92 Western National Bank Phoenix Arizona December 16, 2011 Washington Federal 162.9
List of bank failures in 2012Edit

The following 51 banks failed in 2012:[1]

Bank City State Date Acquired by Assets
($mil.)
1 Central Florida State Bank Belleview Florida January 20, 2012 CenterState Bank of Florida 79.1
2 The First State Bank Stockbridge Georgia January 20, 2012 Hamilton State Bank 536.9
3 American Eagle Savings Bank Boothwyn Pennsylvania January 20, 2012 Capital Bank, N.A. 19.6
4 First Guaranty Bank and Trust Company of Jacksonville Jacksonville Florida January 27, 2012 CenterState Bank of Florida 377.9
5 Tennessee Commerce Bank Franklin Tennessee January 27, 2012 Republic Bank & Trust Company 1,185
6 Patriot Bank Minnesota Forest Lake Minnesota January 27, 2012 First Resource Bank 111.3
7 BankEast Knoxville Tennessee January 27, 2012 U.S. Bancorp 272.6
8 Charter National Bank and Trust Hoffman Estates Illinois February 10, 2012 Barrington Bank & Trust Company, NA 93.9
9 SCB Bank Shelbyville Indiana February 10, 2012 First Merchants Bank, NA 182.6
10 Central Bank of Georgia Ellaville Georgia February 24, 2012 Ameris Bank 278.9
11 Home Savings of America Little Falls Minnesota February 24, 2012 None (Closed permanently by the FDIC) 434.1
12 Global Commerce Bank Doraville Georgia March 2, 2012 Metro City Bank 143.7
13 New City Bank Chicago Illinois March 9, 2012 None (Closed permanently by the FDIC) 71.2
14 Covenant Bank & Trust Rock Spring Georgia March 23, 2012 Stearns Bank, NA 95.7
15 Premier Bank Wilmette Illinois March 23, 2012 International Bank of Chicago 268.7
16 Fidelity Bank Dearborn Michigan March 30, 2012 Huntington National Bank 818.2
17 Fort Lee Federal Savings Bank, FSB Fort Lee New Jersey April 20, 2012 Alma Bank 51.9
18 Bank of the Eastern Shore Cambridge Maryland April 27, 2012 None (Wound down by FDIC as receiver) 166.7
19 HarVest Bank of Maryland Gaithersburg Maryland April 27, 2012 Sonabank 164.3
20 Inter Savings Bank, FSB Maple Grove Minnesota April 27, 2012 Great Southern Bank 481.6
21 Plantation Federal Bank Pawleys Island South Carolina April 27, 2012 First Federal Bank 486.4
22 Palm Desert National Bank Palm Desert California April 27, 2012 Pacific Premier 125.8
23 Security Bank, NA North Lauderdale Florida May 4, 2012 Banesco 101.0
24 Alabama Trust Bank, NA Sylacauga Alabama May 18, 2012 Southern States Bank 51.6
25 First Capital Bank Kingfisher Oklahoma June 8, 2012 F & M Bank 46.1
26 Carolina Federal Savings Bank Charleston South Carolina June 8, 2012 Bank of North Carolina 54.4
27 Farmers and Traders State Bank Shabbona Illinois June 8, 2012 First State Bank 43.1
28 Waccamaw Bank Whiteville North Carolina June 8, 2012 First Community Bank 533.1
29 Putnam State Bank Palatka Florida June 15, 2012 Harbor Community Bank 169.5
30 Security Exchange Bank Marietta Georgia June 15, 2012 Fidelity Bank 151.0
31 The Farmers Bank of Lynchburg Lynchburg Tennessee June 15, 2012 Clayton Bank and Trust 163.9
32 Montgomery Bank and Trust Ailey Georgia July 6, 2012 Ameris 173.6
33 Glasgow Savings Bank Glasgow Missouri July 13, 2012 Regional Missouri Bank 24.8
34 Royal Palm Bank of Florida Naples Florida July 20, 2012 First National Bank of the Gulf Coast 87.0
35 Georgia Trust Bank Buford Georgia July 20, 2012 Community & Southern Bank 119.8
36 First Cherokee State Bank Woodstock Georgia July 20, 2012 Community & Southern Bank 222.7
37 Heartland Bank Leawood Kansas July 20, 2012 Metcalf Bank 110.0
38 Second Federal Savings and Loan Association of Chicago Chicago Illinois July 20, 2012 Hinsdale Bank & Trust Company 199.1
39 Jasper Banking Company Jasper Georgia July 27, 2012 Stearns Bank, NA 216.7
40 Waukegan Savings Bank Waukegan Illinois August 3, 2012 First Midwest Bank 88.9
41 First Community Bank Bloomington Minnesota September 7, 2012 Republic Bank & Trust Company 215.9
42 Truman Bank St. Louis Missouri September 14, 2012 Simmons First National Bank 282.3
43 First United Bank Crete Illinois September 28, 2012 Old Plank Trail Community Bank, National Association 328.4
44 GulfSouth Private Bank Destin Florida October 19, 2012 SmartBank 159.1
45 First East Side Savings Bank Tamarac Florida October 19, 2012 Stearns Bank, N.A. 67.2
46 Excel Bank Sedalia Missouri October 19, 2012 Simmons First National Bank 200.6
47 NOVA Bank Berwyn Pennsylvania October 26, 2012 NONE (Permanently closed by the Pennsylvania Department of Banking & Securities) 483.0
48 Heritage Bank of Florida Lutz Florida November 2, 2012 Centennial Bank 225.5
49 Citizens First National Bank Princeton Illinois November 2, 2012 Heartland Bank and Trust Company 924.0
50 Hometown Community Bank Braselton Georgia November 16, 2012 CertusBank, National Association 124.6
51 Community Bank of the Ozarks Sunrise Beach Missouri December 14, 2012 Bank of Sullivan 42.8
List of bank failures in 2013Edit

The following 24 banks have failed in 2013:[1]

Bank City State Date Acquired by Assets
($mil.)
1 Westside Community Bank University Place Washington January 11, 2013 Sunwest Bank 97.7
2 1st Regents Bank Andover Minnesota January 18, 2013 First Minnesota Bank 50.2
3 Covenant Bank Chicago Illinois February 15, 2013 Liberty Bank and Trust Company 58.4
4 Frontier Bank LaGrange Georgia March 8, 2013 HeritageBank of the South 258.8
5 Gold Canyon Bank Gold Canyon Arizona April 5, 2013 First Scottsdale Bank, NA 45.2
6 First Federal Bank Lexington Kentucky April 19, 2013 Your Community Bank 100.1
7 Heritage Bank of North Florida Orange Park Florida April 19, 2013 FirstAtlantic Bank 110.9
8 Chipola Community Bank Marianna Florida April 19, 2013 First Federal Bank of Florida 39.2
9 Parkway Bank Lenoir North Carolina April 26, 2013 CertusBank, NA 108.6
10 Douglas County Bank Douglasville Georgia April 26, 2013 Hamilton State Bank 316.5
11 Pisgah Community Bank Asheville North Carolina May 10, 2013 Capital Bank, NA 21.9
12 Sunrise Bank Valdosta Georgia May 10, 2013 Synovus Bank 60.8
13 Central Arizona Bank Scottsdale Arizona May 14, 2013 Western State Bank 31.6
14 Banks of Wisconsin Kenosha Wisconsin May 31, 2013 North Shore Bank, FSB 134.0
15 1st Commerce Bank North Las Vegas Nevada June 6, 2013 Plaza Bank 20.2
16 Mountain National Bank Sevierville Tennessee June 7, 2013 First Tennessee Bank, National Association 437.3
17 First Community Bank of South Florida Fort Myers Florida August 2, 2013 C1 Bank 265.7
18 Bank of Wausau Wausau Wisconsin August 9, 2013 Nicolet National Bank 43.6
19 Community South Bank Parsons Tennessee August 23, 2013 CB&S Bank, Inc. 386.9
20 Sunrise Bank of Arizona Phoenix Arizona August 23, 2013 First Fidelity Bank, National Association 202.2
21 The Community's Bank Bridgeport Connecticut September 13, 2013 None (insured depositors paid directly) 26.3
22 First National Bank, also operating as The National Bank of El Paso Edinburg Texas September 13, 2013 PlainsCapital Bank 3,100
23 Bank of Jackson County Graceville Florida October 30, 2013 First Federal Bank of Florida 25.5
24 Texas Community Bank, National Association The Woodlands Texas December 13, 2013 Spirit of Texas Bank, SSB 180.1
List of bank failures in 2014Edit

The following 17 banks have failed in 2014:[1]

Bank City State Date Acquired by Assets
($mil.)
1 Dupage National Bank West Chicago Illinois January 17, 2014 Republic Bank of Chicago 61.7
2 The Bank of Union El Reno Oklahoma January 24, 2014 BancFirst 331.40
3 Syringa Bank Boise Idaho January 31, 2014 Sunwest Bank 153.40
4 Vantage Point Bank Horsham Pennsylvania February 28, 2014 First Choice Bank 63.5
5 Millennium Bank, National Association Sterling Virginia February 28, 2014 WashingtonFirst Bank 130.3
6 Allendale County Bank Fairfax South Carolina April 25, 2014 Palmetto State Bank 54.5
7 AztecAmerica Bank En Español Berwyn Illinois May 16, 2014 Republic Bank of Chicago 66.3
8 Columbia Savings Bank Cincinnati Ohio May 23, 2014 United Fidelity Bank, fsb 36.5
9 Slavie Federal Savings Bank Bel Air Maryland May 30, 2014 Bay Bank, FSB 140.1
10 Valley Bank Moline Illinois June 20, 2014 Great Southern Bank 456.4
11 Valley Bank Fort Lauderdale Florida June 20, 2014 Landmark Bank, National Association 81.8
12 The Freedom State Bank Freedom Oklahoma June 27, 2014 Alva State Bank & Trust Company 22.8
13 Eastside Commercial Bank Conyers Georgia July 18, 2014 Community & Southern Bank 169.0
14 GreenChoice Bank, fsb Chicago Illinois July 25, 2014 Providence Bank, LLC 72.9
15 NBRS Financial Rising Sun Maryland October 17, 2014 Howard Bank 188.2
16 The National Republic Bank of Chicago Chicago Illinois October 24, 2014 State Bank of Texas 954.4
17 Frontier Bank, FSB D/B/A El Paseo Bank Palm Desert California November 7, 2014 Bank of Southern California, N.A. 86.4
See alsoEdit

List of acquired or bankrupt banks in the late 2000s financial crisis for a list of US banks and non-US banks
List of largest U.S. bank failures (many on this list failed in 2008–2010)
Too big to fail
NotesEdit

"Failed Bank List". Federal Deposit Insurance Corporation. Archived from the original on November 15, 2013. Retrieved November 15, 2013.
Robertson Jr., Austin G. (August 4, 2008). "Do you know where your bank is?". Shreveport Times. Retrieved August 4, 2008.[dead link]
"When a Bank Fails—Facts for Depositors, Creditors, and Borrowers". Federal Deposit Insurance Corporation. Retrieved September 26, 2008.
"FDIC approves $250,000 insurance limit". International Herald Tribune. October 10, 2008. Retrieved October 11, 2008.
Sidel, Robin; David Enrich & Dan Fitzpatrick (September 26, 2008). "WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History". The Wall Street Journal. Retrieved October 7, 2009.
Sorkin, Andres Ross; Eric Dash (September 25, 2008). "Government Seizes WaMu and Sells Some Assets". New York Times. Retrieved September 26, 2008.
"JPMorgan Chase Acquires Banking Operations of Washington Mutual" (Press release). Federal Deposit Insurance Corporation. September 25, 2008.
"Former Mastro property in Redmond sells for $3.5 million - Puget Sound Business Journal". Bizjournals.com. 2013-05-03. Retrieved 2014-01-19.
External linksEdit

FDIC list, failed US banks since Oct 2000
Map of banks failed in 2008–2009
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  Forum: Investment Discussion

wren
Posted on: Feb 6 2015, 06:35 PM


Group: Member
Posts: 2,911

As it happens,today was a very good day..

06 Feb 15…….order placed

Completed……it was filled



Sell

25.670…….the price

25,000/0…….the number sold

Day Only

481.31 ………the brokerage

641,268.69…….the proceeds

I won't be stating the stock.The result was excellent,being about $25 k in under 14 days.Not up to your high standards,but ok.
  Forum: By Share Code

wren
Posted on: Feb 6 2015, 06:12 PM


Group: Member
Posts: 2,911

Mookie,must be a relief that School is finished for another week.
Unlike you my friend I clearly state when I buy and sell and at what price.Your own 'style' is to tell us that you purchased something three days previously,and what a surprise it has gone up by 30% since then.Bit of a sad case mookie,but keep trying!One day you you be like uncle flower and say 'SEH has been extremely kind to me'...even if it hasn't and all the grown ups will be most impressed!
  Forum: By Share Code

wren
Posted on: Feb 6 2015, 11:34 AM


Group: Member
Posts: 2,911

CSL is not showing the TA form I was expecting so decided to exit today.No damage done,but the aim of this game is to make money,not break even.
  Forum: By Share Code

wren
Posted on: Feb 6 2015, 11:30 AM


Group: Member
Posts: 2,911

Said this before,but fwiw,would not be going short the AUD at its current level.When it was North of $1.00 USD,going long USD and short AUD was money for old rope.
The TA of the Dollar Index is now looking a little shaky :too much risk and not enough reward imo.(please note:am not suggesting the USD is going to collapse and become worthless…will leave that to my personal favourite poster!)
  Forum: Macro Factors

wren
Posted on: Feb 6 2015, 11:23 AM


Group: Member
Posts: 2,911

" Has anyone bothered to contact Justin, Vagif"

Vagrif may respond if you employ Mental Telepathy.
  Forum: By Share Code

wren
Posted on: Feb 5 2015, 11:22 PM


Group: Member
Posts: 2,911

Top hat,
Gold shares are not dividend plays.If you examine NST or any other Goldie you will find the SP is highly volatile and has a rough relationship with POG. A 2 cent dividend is nothing compared to the volatility of the sp.
  Forum: By Share Code

wren
Posted on: Feb 5 2015, 11:10 PM


Group: Member
Posts: 2,911

So your accountants advise against property in a SMSF.If that is actually what they said,change accountants.As always ,it depends.......
Generally gearing into property via a smsf is not a great idea.Neither is buying residential property in a sf much of an idea.Buying commercial property with a reliable tenant either as a solo owner or as part of a syndicate (ungeared) may be an excellent investment.An ASX top 200 tenant with a 7 year lease with options is a sensible ,prudent investment.



  Forum: Investment Discussion

wren
Posted on: Feb 5 2015, 10:51 AM


Group: Member
Posts: 2,911

from Bloomie…

(Bloomberg) -- This is what an economic hangover looks like. More offices lie empty in Perth, Australia, than at any time since 1996, while the number of homeowners seeking to offload properties has surged 45 percent from a year ago.
“There’s a couple of reasons for that -- one is panic,” said Creagh Ferdinands, an associate at Harcourts real estate agents in the Perth suburb of Joondalup, who’s seeing more properties than usual flooding the local market. “People are thinking it’s going to be a massive slowdown.”
The capital of Western Australia, where mining companies are scaling back investment amid plunging commodity prices, epitomizes why Reserve Bank of Australia Governor Glenn Stevens cut the overnight cash rate Tuesday by 25 basis points to a record-low 2.25 percent.
  Forum: Investment Discussion

wren
Posted on: Feb 5 2015, 10:33 AM


Group: Member
Posts: 2,911

" Odd thing was that as the sub prime saga developed those of us who said "This will end in tears" were laughed out of court. "

Was that the same old wise flower that said (amongst a hundred or so bizarre utterances ),Hyperinflation is just around the corner …that was one from 5 years ago,Gold will be $3000 in double quick time,the USD would collapse and become worthless…that one was about 4 years ago,the US Economy would collapse in the near future….name your time, and very recently that a strong AUD would be great news for Australian resource companies!
  Forum: Macro Factors

wren
Posted on: Feb 5 2015, 07:42 AM


Group: Member
Posts: 2,911

An interesting tale.It ( the U.S. economy) ain't over by a long way.
Many posts on these threads are pure amusement .Recently a poster seriously suggested that a strong AUD was a great boon for Resource stocks!Another shamelessly promotes stocks which are currently one twentieth of their previous value.
It's a weir world here on Sharescene!
  Forum: Investment Discussion

wren
Posted on: Feb 4 2015, 08:43 PM


Group: Member
Posts: 2,911

Don't wish to to spoil a great story with a couple of ugly facts,but...
The USD doesn't seem to be debased.It is strongly up against,most currencies,Iron Ore ,Gold,Coal and Oil.What more to you want?
  Forum: Macro Factors

wren
Posted on: Feb 3 2015, 02:48 PM


Group: Member
Posts: 2,911

"But what if it does break? What happens then?"

A very good question with no obvious answer.Luckily,very.very unlikely.
  Forum: Investment Discussion

wren
Posted on: Feb 3 2015, 11:15 AM


Group: Member
Posts: 2,911

"U.S. budget deficits have been shrinking since 2009, and the 2014 deficit was 2.8 percent of gross domestic product, based on Congressional Budget Office data. That is down from 9.8 percent of GDP in 2009, when President Barack Obama took office, and the trend is projected to continue as the economy strengthens."

Why believe the Congressional Budget Office data when we have people here on S.Sc. who know a whole lot better?
  Forum: Investment Discussion

wren
Posted on: Feb 3 2015, 10:45 AM


Group: Member
Posts: 2,911

flower,you also hold SUR which was purchased for 8 cents and is now 0.2 cents.
  Forum: Macro Factors

wren
Posted on: Feb 2 2015, 02:32 PM


Group: Member
Posts: 2,911

flower,correlation is quite different to causation (we have been through this before).I don't know if you have looking lately,but commodity prices have crashed.Perhaps that has a little to do with the fall in Resource stocks?
  Forum: Macro Factors

wren
Posted on: Feb 2 2015, 02:04 PM


Group: Member
Posts: 2,911

flower you say…."Not my area, would rather that the whole resource sector starts recovering with a stronger AUD"
Why is a stronger AUD good for Resource stocks?
  Forum: Macro Factors

wren
Posted on: Feb 2 2015, 12:43 PM


Group: Member
Posts: 2,911

The fact is that nobody knows.What is a little interesting is that the AUD is showing a bit of strength today:so the smart money (which isn't always smart) thinks a rate cut is less likely than the opposite.'Event punting' is usually just that.
  Forum: Macro Factors

wren
Posted on: Feb 2 2015, 12:13 PM


Group: Member
Posts: 2,911

"I will say this for the last time. "

Is that a promise?
  Forum: Investment Discussion

wren
Posted on: Feb 2 2015, 11:59 AM


Group: Member
Posts: 2,911

Hi eb
Stop at $86.45.
I think the market in general wants to go higher.Realise that there are still shorting opportunities however with a large 'mainstream stock such as CSL I reckon such stocks go in the general market direction.
Been wrong plenty of times previously,however that's what stops are for…as you know!
  Forum: By Share Code

wren
Posted on: Feb 1 2015, 04:58 PM


Group: Member
Posts: 2,911

Would that be the very same Gus of QPN fame?
I reckon a read of kiril's ( or is that Gus) previous posts on various stocks is a worthwhile exercise.
  Forum: By Share Code

wren
Posted on: Feb 1 2015, 04:51 PM


Group: Member
Posts: 2,911

Flower,
For a very long time you have been saying the USD is about to collapse.Over recent months you have quietly forgotten these predictions of 5,4,3 and 2 years ago.We now have the 'new' flower who has had his previous sins wiped from the slate of history,and we now start again from a much higher USD 'starting baseline'.About 3 years ago a few posters said one day you will be correct and as time goes by that day gets closer....by definition.But as Mick has said,what matters is what actually happened,not what 'should' have happened.
  Forum: Investment Discussion

wren
Posted on: Jan 30 2015, 08:08 PM


Group: Member
Posts: 2,911

You're way to smart for me mookie.Just one of rare guys who really does know it all.
  Forum: Investment Discussion

wren
Posted on: Jan 30 2015, 06:42 PM


Group: Member
Posts: 2,911

At the risk of annoying Mick……….!
1. I have never 'predicted' a recession in Australia.The standard of living can fall without a recession.I'm not sure everyone appreciates the huge change in the standard of living in this country compared to 50 years ago.We had nothing like the living standards that Americans had.They had cars,swimming pools and vacations.I lived in what is now a top 3 suburb in one of the countries bigger capital cities.Many people did not have a car at all.Someone in the suburb installed a swimming pool in their backyard and it was the only one for years,and to be invited around was a bit of an honour.Throughout primary and secondary school ( a Public=Private school) I did not know anyone who had ever been overseas.The wealthy,in those days were often associated with Rural Industries.Farmers kids made up a significant %age of Private School populations.
So,what happened….Mining! and all the memory lane stuff above started to change quite quickly.Feel free to fill in the changes compared to the 50s and early 60s.
My point from all this is that Australia is now very dependent on Mining income so a decent fall will lower living standards.
2. You query whether a strong currency makes everyone happy.No,but the general population live a much higher life than with a weak currency .Austria,Switzerland and Norway (and OZ until recently) have had hard currencies for a very long time,as have a few others.So long as you don't mind the weather,these are pretty good places by most criteria.Conversely,Irrespective of the weather,Chad,"Democratic Congo',and about 200 others are not on my list and they all have hopeless currencies that nobody will exchange for anything useful.The rich in these dumps (and there are always plenty of them…the rich that is) have USDs,GBPs and Euros in Bank accounts elsewhere.
Imagine if the AUD dropped to 50 cents US and to 35 Pence (its been there before).There would be a ton of stuff that punters couldn't afford.And,like in the 50s,we wouldn't know anyone who was on holidays overseas.
Commodity prices have only just fallen:it will take many months or even years for the revenue drop to really bite hard.My bet is that Budget deficits sky rocket first,so living standards don't drop too much..at first.Of course,this Commodity slump may be a flash in the pan and disappear as quickly as it arrived,but generally when the cycle turns it doesn't reverse in a hurry.
Mick is right though.What actually happens is what matters.Anyone who got into almost any USD asset a few years ago has made a packet…..and their standard of living has gone up!
Just my Friday thoughts,and many will disagree with them.
  Forum: Investment Discussion

wren
Posted on: Jan 30 2015, 02:58 PM


Group: Member
Posts: 2,911

Third parcel at $88.27
  Forum: By Share Code

wren
Posted on: Jan 30 2015, 02:47 PM


Group: Member
Posts: 2,911

The TA for CSL looks promising.Very close to a breakout and momentum increasing.Purchased two lots,both at $88.55.
On a related matter,the overall market is looking a lot better imo.Have been buying some boring stuff over the past few days.
  Forum: By Share Code

wren
Posted on: Jan 30 2015, 01:39 PM


Group: Member
Posts: 2,911

Always love these quarterlies!
They spent $465 k for the quarter of which $143k went to the worthy Directors and associated entities. "("Payments to directors of the entity and associates of the directors
Payments to related entities of the entity and associates of the related entities")
Good work lads!

Yemen closed down….odd that .Bit of trouble over there at present (read 'always')
  Forum: By Share Code

wren
Posted on: Jan 30 2015, 11:36 AM


Group: Member
Posts: 2,911

Said flower…." continually run down Australian based companies ie FMG and CVN to name but two incenses me. "

Flower,to suggest for TA reasons that FMG was a great stock to get out of a couple of years ago when it was $5 or so is not 'running down the company'.The result from exiting and staying out was way better than believing all the 'China the Monster' B/S that you and others have been pushing.Your very own fav.poster K1 reckoned FMG was worth $25 !…and the AUD was worth $1.25 USD.Good luck with those ideas.
As for CVN.You keep insisting this is a great stock:maybe one day,but not even close yet.A single drill hole showing oil is a very long way from a commercial find.The day it was announced the SP of Apache did not move.Does that tell you something?
Your theme that the US is a basket case is laughable.You get very excited by tiddlers such as CVN and yet I would most surprised if you have ever heard of United Technologies (Google quickly so you can say you have).They employ 200,000 people…note:this does not include sub-contractors.If CVN employs 20 people I would be surprised.

Just for the record,I am not suggesting Australia is about to collapse.What I am suggesting is that living standards will fall significantly and that most Australians will see their worth decrease in the next 10 years in contradistinction to the most recent 10-15 years.It is already happening:as one example,the AUD is now under 78 cents,and is weak against the Pound.
  Forum: Investment Discussion

wren
Posted on: Jan 30 2015, 10:31 AM


Group: Member
Posts: 2,911

Paul Fiani eh.
This after the bid for Qantas at $5.45 a share was rejected.

"So how does he feel about the Qantas bid now? "I thought the bid price was too low and was always going to look after my clients' best interests and reject it," says Fiani, who owned about 6.5 per cent of Qantas on behalf of UBS clients. "My former clients are now $100 million better off because the deal failed and shareholders are collectively $1.5 billion better off; that makes me really happy."
  Forum: By Share Code

wren
Posted on: Jan 29 2015, 03:29 PM


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Posts: 2,911

Said flower…"What a load of crap. "

Well argued flower!
In many posts I have put forward the concept that Australia has two major sources of income.The lesser is from serious farming (not messing about on a 5 acre property).Australian farming is efficient and due to various research organisations is a world leader in dry land agriculture.So,no luck there.
The major source of Australia's wealth is now from mining.Last time I looked,the stuff they mine was put there by someone else…OK,let's call that gal God.The machinery used to dig the stuff out comes from USA,Korea and Japan.The ships that transport the stuff come from S Korea and a few other places.The Engineering etc is increasingly done overseas by people who are every bit as good as Aussies,lower cost and very reliable.Australian Geologists are top notch,but in the overall scheme of things there are few of them.

So,the difficult bits are largely done by folk from elsewhere.In a few words,we are lucky the Iron ore,Bauxite,Gold and Coal is here and not somewhere else.
  Forum: Investment Discussion

wren
Posted on: Jan 29 2015, 01:40 PM


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Quite surprised how the Oli sector has held up the way it has.BHP in particular defies gravity:almost all their Commodities have taken a bath yet the sp is minimally down.$27 remains the critical level and it has bounced from there a week or so ago.Stay tuned!
  Forum: Macro Factors

wren
Posted on: Jan 29 2015, 12:04 PM


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So FMG up 6% and we have a floral smiley.Just a gentle reminder flower.When FMG was $4 you reckoned it was a bargain.FMG is down 70% in the last 12 months,and somehow you interpret the current SP as vindicating your call!

I invite anyone with nothing to do to read the FMG thread:it is a bundle of laughs.
  Forum: By Share Code

wren
Posted on: Jan 29 2015, 11:59 AM


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Posts: 2,911

Well,I reckon a cut is very likely.The 'Wonder Economy' of Oz has always been based on luck and little else.That luck appears to be running out.
  Forum: Investment Discussion

wren
Posted on: Jan 28 2015, 11:34 AM


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Posts: 2,911

My long held view is that RIO,BHP,Vale and maybe Gina will be the winners in this shake out.At the risk of being called 'unpatriotic' by my fav. poster,still believe that FMG could go under if the Iron ore price tanks…..and it could.FMG is in the unhappy position of being a large producer at a high price,so they are worth taking out so far as the big guys are concerned.Put yourself in RIO/BHP shoes:you have a high cost rival with a ton of debt and therefore vulnerable .Would you try to put them out of the game?Yep!
  Forum: By Share Code

wren
Posted on: Jan 27 2015, 09:53 AM


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Well that didn't take long.FMG now below $2 dollars.
  Forum: By Share Code

wren
Posted on: Jan 26 2015, 01:53 PM


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A actually I was trying to make a small joke of it myself. The Uncertainity Principle...certain it was a joke,so not certain of something else related.
And yes Alethia,I may need to read more,but not about Wave Mechanics.
  Forum: Off Topic Chat

wren
Posted on: Jan 26 2015, 10:31 AM


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Certain this is a joke:no idea if funny.
  Forum: Off Topic Chat

wren
Posted on: Jan 25 2015, 01:48 PM


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Posts: 2,911

Flower are you seriously suggesting that the income pensioners receive from bank deposits is a consideration when setting monetary policy?
  Forum: Macro Factors

wren
Posted on: Jan 23 2015, 06:13 PM


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Posts: 2,911

The U.S. economy is certainly not perfect,however the evidence strongly supports the idea that is the best (by far) of a bad lot.Only 'Conspiracy ' sites deny the mostly good news coming out of the U.S.
With regard to interest rates,I don't believe that an economy is weak because it has low interest rates.Switzerland for example has had very low rates for decades,and along with that,a very strong economy.
  Forum: Macro Factors

wren
Posted on: Jan 23 2015, 03:39 PM


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Posts: 2,911

The AUD and the USD are going in opposite directions.Despite the U.S. being a moribund country and the Land of Oz being the economic envy of the world (according to some), the AUD is now below 80 cents.
How can this be?Has the world gone mad?No,it's just the lucky country running out of luck.
  Forum: Macro Factors

wren
Posted on: Jan 23 2015, 11:17 AM


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Posts: 2,911

ARI has just closed (sorry,'mothballed') a major Iron Ore mine with the loss of 600 jobs.The S.A. basket case scenario continues,so I guess we will all cough up to have the Subs built here instead of Japan where they will do a better job at approx. half the cost.
  Forum: By Share Code

wren
Posted on: Jan 23 2015, 09:27 AM


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The 'much maligned and misunderstood' SUR falls to a new low of 0.2 cents.Total Market cap. of $6 million. Seems a bit low for a stock 'sitting on a sea of oil' with the potential to be the next Exxon.
  Forum: By Share Code

wren
Posted on: Jan 22 2015, 01:28 PM


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The next leg down for FMG now seems to be happening.It has been a long and constant fall with plenty more to go imo.
  Forum: By Share Code

wren
Posted on: Jan 21 2015, 06:18 PM


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Posts: 2,911

RE Clubs. Thank you all!From this moment on I earnestly promise to not rely on my rapidly fading memory.
  Forum: By Share Code

wren
Posted on: Jan 21 2015, 01:32 PM


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Posts: 2,911

From Bloomie today……..This post shows Confirmatory Bias,as it agrees with my long held view.So,take it or leave it.

"A specter from the past hovers over the major industrialized nations: deflation. A decrease in the overall price level, deflation was a term relegated to economic history, with the notable exception of Japan following the bursting of its land and stock market bubble in the late 1980s. The everyday experience of the post-World War II generations has been inflation or rising prices. Besides a few exceptions, such as New York Times columnist and Nobel laureate Paul Krugman, many economists, central bankers, and Wall Street strategists primarily fret over prospects for inflation. Sure, prices may be tame at the moment, but inflation’s resurgence is inevitable—or so we’re repeatedly told.

Really? The trend in consumer price indices clearly point toward increasing deflationary pressures. The epicenter of current concern is Europe, with its latest consumer price index reading at 0.7 percent, down from 1.1 percent a month earlier. Spain’s year-over-year inflation rate is at 0.1 percent. Germany sports a mere 1.2 percent annual inflation rate, and a number of smaller, troubled countries are in deflation, such as Greece, Latvia, and Bulgaria. A parallel story unfolds in the U.S. America’s CPI is running at a 0.9 percent year-over-year pace, down from 2.2 percent a year ago.

Here’s the thing: Deflation has become the modern condition. The emergence of deflation isn’t a temporary phenomenon reflecting the economic weakness and high unemployment. No, the underlying trend toward deflation stems from heightened international competition for markets (globalization), widespread migration (immigration), and rapid technological advances (Amazon.com (AMZN)). The Great Recession and the anemic recovery simply accelerated the trend from disinflation and toward deflation."
  Forum: Macro Factors

wren
Posted on: Jan 21 2015, 01:05 PM


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Posts: 2,911

Was it Oscar Wild……"I wouldn't want to be a member of any club where I have been invited to become a member"…or something similar.
Bailed at $1.515 for a small loss.
(Had a quick trade on SWM and recovered that loss,but no net gain.)
  Forum: By Share Code

wren
Posted on: Jan 17 2015, 12:46 AM


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Posts: 2,911

Just in..."The consumer-price index, which measures what Americans pay for everything from coffee to airline tickets, declined a seasonally adjusted 0.4 per cent in December from the prior month, the Labor Department said Friday. That was the index's largest one-month decline since December 2008. "
Remember when we were warned daily that hyperinflation was just around the corner?That was 6 years ago and we are still waiting!
  Forum: Macro Factors

wren
Posted on: Jan 16 2015, 04:13 PM


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As eb pointed out,the markets in general were chaotic when the SNB made their decision..Gold benefited...no doubt,and this was assisted by the better performance of Gold over the last month or so.What happens now:my own feeling,and that is all it is,markets will now settle down.If there really was a fundamental game changing event would have thought GolgBugs would have liked a much larger change in Gold than actually happened.
Gold is still a very long way from where it was a couple of years ago.Those who did believe that Gold was the ultimate store of value at that time have been crucified.Holding any first world currency in a Bank Acct would be way ahead of holding Gold.l
  Forum: Macro Factors

wren
Posted on: Jan 16 2015, 02:53 PM


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flower,you say…."Last night's surprise move by the SNB has stood many preconceived ideas on their head, the fact that the SNB not only ended its peg to the EURO, but also further reduced the amount they pay to depositors to MINUS .75%, so little wonder gold is quite rightly once again seen as that final store of value."

Gold has been gently rising for a while as have many Gold stocks…all before the SNB did anything.If anything,the Swiss move suggests the CHF (Swiss F.) is a more likely 'store of value'.
btw,there have negative deposit rates in Switzerland before.
  Forum: Macro Factors

wren
Posted on: Jan 16 2015, 12:18 PM


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Posts: 2,911


"The plunging Swiss sends a franc warning"

This was the headline from B/Spectator ! Suggest FOREX 010 course.
  Forum: Investment Discussion

wren
Posted on: Jan 16 2015, 11:31 AM


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Thanks triage.Bit of a disaster unless you wish to now buy a pad on the Med. Remember the previous time this happened and the bleating that went on then.
Interesting place Switzerland.Was first there about 30 years and was impressed that the Parking Meters has the price of parking cast into the meters! Those guys took controlling inflation seriously.
  Forum: Investment Discussion

wren
Posted on: Jan 16 2015, 10:40 AM


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Posts: 2,911

Metcash has had a terrible run for years,however there is a price where the worst or 'almost worst' case scenario is factored in. Today a Director who has had a trivial holding up until now purchased $160,000 of stock.So,decided to follow him:in at $1.54.May increase holding if it plays out in the right direction.
  Forum: By Share Code

wren
Posted on: Jan 15 2015, 08:19 PM


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Been on about the negative. TA of Fmg (here and BHP thread )for quite a time.Unless something unusual happens tonight,everything is in place for a large fall in a day or so.Believe FMG's s.p. will have a " 1" in front of it in the near future.
  Forum: By Share Code

wren
Posted on: Jan 15 2015, 08:08 PM


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Posts: 2,911

.Market crashing? Where?

Just got it:my system has been slow all day.
Interesting times with future opportunities I reckon.
  Forum: Macro Factors

wren
Posted on: Jan 15 2015, 11:48 AM


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Posts: 2,911

BHP is now below the critical TA level of $27,however the day is still young and would wish to see sub $27 for a couple of days before the Last Rites are proclaimed.Copper took a big hit last night:RIO and BHP hammered.

On an unrelated matter,FMG is playing out as expected (as it has done for a very long-time).If it cannot hang on to $2.30 (don't think it will),yet another big fall is on the cards.
  Forum: By Share Code

wren
Posted on: Jan 13 2015, 11:46 PM


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News just in.
UK inflation falls to 0.5%,the lowest level in modern times.So much for Team Inflation (read this thread for a bundle of laughs)
  Forum: Macro Factors

wren
Posted on: Jan 13 2015, 11:31 PM


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Pax vobiscum wolv.
  Forum: By Share Code

wren
Posted on: Jan 13 2015, 08:39 PM


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BHP is staying well above $27.Am surprised how resilient the sp has been given the huge fall in Oil.the same applies to a whole bunch of pure oil stocks.Defying gravity in my opinion .
On an unrelated matter,FMG,AGO etc are again looking vulnerable from a TA viewpoint.I'd rather go to church than be long these stocks!
  Forum: By Share Code

wren
Posted on: Jan 12 2015, 02:35 PM


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Posts: 2,911

"Personally I like buying my shares before they go up 50%. "
Really! A few days ago you stated…."Bought a few RMS a couple of days ago as it's decline had bottomed out and looked like it was going to go on a bit of a breakout.." This post was only made AFTER it had risen 30% or so.If you wish to tell us about your purchases when you make them,that's up to you,and ditto when you sell.If you don't wish to disclose anything at all that is also fine.But what is the point of informing us what a clever fellow you are days after you allegedly purchased a stock at a price much less than it currently is?

  Forum: Macro Factors

wren
Posted on: Jan 12 2015, 10:22 AM


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Posts: 2,911

We have been many times……" Answer me one question after looking at the enclosed chart: Does this make any more sense to you? Buy when gold is undervalued (11.86), stay with it when fairly valued (13.86), then watch for the ratio go to say about 17 or more and sell….?"

Today the Gold/Oil ratio is 25!! So…….SELL,SELL!
(there is another possibility:the Gold/Oil Ratio is a complete waste of space)
  Forum: Off Topic Chat

wren
Posted on: Jan 12 2015, 07:44 AM


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The GoldBug Index (HUI) now seemed to have bottomed.So,from a TA perspective,already rallying gold stocks should travel higher.
  Forum: Macro Factors

wren
Posted on: Jan 9 2015, 12:48 PM


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Posts: 2,911

I'm sure what you say is correct…..have no detailed knowledge of the oil game.However,I do know that valuations of any stuff still in the ground means little if the price of the commodity falls.The company may value it at one price (usually in their books somewhere) but the Market will be much more ruthless.STO market cap halved for this reason very recently.
If STO has to renegotiate its loans when prices are down they will pay plenty for the privilege.Turnover means fa if you can't make a profit…as we PPX pref. holders know only too well!
Apart from all this,there will be money to be made trading STO….or any stock if you get it right (that's the difficult bit as we all know)
  Forum: By Share Code

wren
Posted on: Jan 9 2015, 11:10 AM


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Posts: 2,911

flower,
You are choosing to disregard the debt burden that some large commodity companies carry.Santos and FMG come into this category.Your many posts on 'China the Monster' etc demonstrate a belief that Commodity prices must go up.Wrong.If prices do stay low…a possibility as there is no shortage of supply and demand is weak…..the high debt crowd will be in the sticky stuff.
  Forum: By Share Code

wren
Posted on: Jan 9 2015, 09:53 AM


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Posts: 2,911

The Bonds are not priced to compensate the holder for the very considerable risks involved.FMG has plenty of debt and the Iron Ore price may collapse to a level where FMG becomes unprofitable.In addition,there is currency risk.When the AUD was $1.05 a USD Bond (there are plenty out there without FMG type risk) made a lot of sense.Now,the AUD is stabilising (imo) and further large falls against the USD are much more problematic.If the AUD really starts moving up,a very large capital loss would result.Unless you are are very adventurous ,I'd stay away.
  Forum: By Share Code

wren
Posted on: Jan 8 2015, 05:21 PM


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Posts: 2,911

Most interesting....thanks.Surprised that such a major breakthrough came from a country populated by complete fools!
  Forum: Off Topic Chat

wren
Posted on: Jan 8 2015, 07:30 AM


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Posts: 2,911

Excellent post.It never ceases to amaze that folk take any notice of self proclaimed Gurus.On this and other forums a great many posts consist of quotes from Gurus that support the posters own hopes.Gurus typically never admit they are wrong as they use an infinite time scale,so eventually,at some point in the distant future they may prove to be correct.
Here are a couple of wren's predictions:within the next seven days BHP will be higher or lower than it was yesterday.Here is another:at some point in the next 5 years Gold will be higher than it was yesterday.So,just go long Gold and you will become wealthy! (Did I forget to mention the small matter of Draw Downs?)
  Forum: Investment Discussion

wren
Posted on: Jan 7 2015, 10:17 AM


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Posts: 2,911

The AUD is now showing a bit of form,especially against the Euro and Pound.Prefer these to the JPY which is also showing a bit of recent form.
  Forum: Macro Factors

wren
Posted on: Jan 7 2015, 07:58 AM


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Posts: 2,911

The really big news last night was the 10 year note(tNX).Interest rate gapped down to below 2%.Inflation around the corner? Nope,and it hasn't been for years.
  Forum: Investment Discussion

wren
Posted on: Jan 7 2015, 07:49 AM


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Been looking at BHP TA.If the SP falls below $27for a couple of days,$20 is on the cards.Obviously this won't happen overnight.
  Forum: By Share Code

wren
Posted on: Jan 6 2015, 07:50 PM


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Very wide spread today.Large range,finished lower.Believe this suggests a correction is at hand......before the next leg up.
  Forum: Macro Factors

wren
Posted on: Jan 2 2015, 10:56 AM


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Posts: 2,911

A slightly different view…….

"Robust economic growth has helped push the U.S. budget deficit down to the lowest level since 2008, marking the sharpest turnaround in the government’s fiscal position in at least 46 years.

The shortfall of $483.4 billion in the 12 months ended Sept. 30 was 2.8 percent of the nation’s gross domestic product of $17.2 trillion over the same period, according to data compiled by Bloomberg using Commerce Department figures. The figure peaked at 10.1 percent of GDP in December 2009."
  Forum: Investment Discussion

wren
Posted on: Dec 30 2014, 06:33 PM


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Posts: 2,911

Thanks for your analysis mista.From my own TA perspective,reckon BDR is ready to trade higher.On a Trend following 'system' I have the first Buy signal for over 6 months.By itself it means sfa,however a number of Momentum Indicators have also turned positive.May buy some tomorrow .I guess a difference of opinion is what horse racing is all about.And....best wishes for happy trading in 2015!
  Forum: By Share Code

wren
Posted on: Dec 24 2014, 10:12 AM


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Posts: 2,911

The Dollar Index (DXY) reached a new multi year high last night,hitting the 90 mark.Additionally US growth has taken off with the latest quarter being 5%. Not all that bad for a country run by complete fools,or so we are told by many on SSc.
  Forum: Macro Factors

wren
Posted on: Dec 23 2014, 10:34 AM


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" you and many other chartists here (see CVN) thread are masters of the "crime" of not stating buy prices. "
Really mookie…perhaps you can give an example where I have not stated my buy price?
  Forum: By Share Code

wren
Posted on: Dec 23 2014, 07:31 AM


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So 'in at $1.12 eh?Well done,but perhaps you tell us all at the time of your entry rather than after the stock has already gone for a run.
  Forum: By Share Code

wren
Posted on: Dec 22 2014, 11:45 PM


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A very cynical view of some our country's finest.
  Forum: By Share Code

wren
Posted on: Dec 18 2014, 02:56 PM


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Yep,bailed out today.50% at 29.66 and 50% at 29.92 (small loss on buy in at $30.00)
  Forum: By Share Code

wren
Posted on: Dec 17 2014, 03:12 PM


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AUD 81.50. ' The world's greatest currency and greatest economy'. How can this be? Conspiracy theorists please let us know!
(here is a working hypothesis…..none of the above is true.It is actually the USA which has the best economy! (gasp) .Apparantly they actually do a few things over there:hi tech stuff,major machinery,major pharmaceuticals ,major chemicals as well as a couple of hundred other things.)
  Forum: Macro Factors

wren
Posted on: Dec 17 2014, 02:08 PM


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Couldn't resist this gem…..from The Age in 2003

"It did not say how much it would cost to decommission and reclaim the site, which will take up to seven years. The company will need final clearances from regulatory bodies before it can walk away. After allowing for closure costs, BHP Billiton's Magma excursion is expected to have cost more than $4 billion.

That loss compares starkly with the optimism the company had for Magma when the acquisition was announced in December 1995. The chief executive of the minerals division at the time, Jerry Ellis, said the combined interests of the company and Magma had "great potential for expansion". Mr Ellis later became chairman for a time"

You have to love that final paragraph!
  Forum: By Share Code

wren
Posted on: Dec 17 2014, 01:40 PM


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Posts: 2,911

Cherry picking….not certain of your point here.In 2001 BHP was$10. Fourteen years on it is about $28.Exactly how many years do you wish to go back?.Not a great stock which ever way one looks at it.The rapid escalation in debt etc is not a myth.The ongoing disasters of BHPs highly paid team is the stuff of legends.Start with the super dud Magna Copper….when was that….mid 80s maybe.Followed up with numerous other large scale wipeouts…Pilbara Brickette cockup,Ravensthorpe Nickel disaster,the laughable RIO bid etc,etc (please add your favourite BHP story).
All the while the CEO etc being paid mind blowing sums for orchestrating these catastrophic events.'If you pay peanuts you get monkeys'….any Chimp that couldn't do better this this bunch would chucked out of his/her tree.
  Forum: By Share Code

wren
Posted on: Dec 16 2014, 04:14 PM


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Thanks nipper.It is easy to forget how much capital these guys have chucked at various projects.Love the Rocking Chair alternative!
  Forum: By Share Code

wren
Posted on: Dec 16 2014, 02:25 PM


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Posts: 2,911

BHP down 3.5% to $27.30.
In 2001,BHP reached $10. Hardly a spectacular effort for a stock is almost described as a 'Buy' by our Stockbroking idols.Compared to 2001 BHP is much bigger,but it now has a pile of debt.
$20 or so quite possible in the mid term.
  Forum: By Share Code

wren
Posted on: Dec 16 2014, 01:51 PM


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Posts: 2,911

The Esteemed Leader digs deep……
Number acquired
110,000 ordinary shares
Number disposed
N/A
Value/Consideration
Note: If consideration is non-cash, provide details and estimated valuation
$13,200.00

Cookie has about 7 million shares,but let's not get excited folks:like all similar companies,the Senior lads don't actually use their own hard earned to achieve this degree of exposure to the companies they run.
  Forum: By Share Code

wren
Posted on: Dec 16 2014, 12:22 PM


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Posts: 2,911

Surprised SUR isn't on your list.Market Cap about $8 million,but a cash offer of say $500,000 should get over the line.
  Forum: Macro Factors

wren
Posted on: Dec 15 2014, 10:31 AM


Group: Member
Posts: 2,911

AUD just above 82 cents.The Worlds Greatest Currency has taken an absolute thrashing this year,and no it will not be 'parity by Christmas' or even 90 cents by then.
That most hopeless currency,the USD goes from strength to strength .
The happy days of less work for more money,'not getting out of bed for less than $1,000 per day mate' and endless holidays with the kids overseas are at an end.
  Forum: Macro Factors

wren
Posted on: Dec 12 2014, 02:53 PM


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Posts: 2,911

From the Economist……overall,Aldi is giving it a shake,but they still have a way to go.

For a time it gained market share only slowly, barely troubling the big established outfits such as Tesco (the market leader), Asda (owned by Walmart, an American retailer), Sainsbury’s, Morrisons and Waitrose. That is now changing, however, as Aldi, together with Lidl, another German discounter, gobbles up market share. Aldi’s grew from 3% at the beginning of last year to 5% today, almost equal to Waitrose. Tesco’s share, by contrast, has declined by about 2% over the past couple of years. Sainsbury’s sales were down about 3% in the three months to the end of September, their third consecutive quarterly fall.
  Forum: By Share Code

wren
Posted on: Dec 12 2014, 02:13 PM


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Posts: 2,911

Been thinking a little about this issue.If research shows what you say (and am not doubting it),then surely WOW and WES are both aware of it.Why wouldn't they change their business models to accommodate the changes in the public's preferences?
  Forum: By Share Code

wren
Posted on: Dec 12 2014, 10:57 AM


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Posts: 2,911

Fair point,and the Aldis of the world will cut the growth of Woolies however the big two have many brilliant locations which really cannot be duplicated.Well, that's the theory.
  Forum: By Share Code

wren
Posted on: Dec 12 2014, 10:03 AM


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Posts: 2,911

Thought about WOW previously,but declined.
Looks better today.Some favourable momentum divergences developing.Purchased 7000 at $30.00.Quite like these large liquid stocks:one can always exit,which is not the case with penny dreadfuls.
  Forum: By Share Code

wren
Posted on: Dec 12 2014, 09:54 AM


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Posts: 2,911

Brave call.Don't see a TA reason to buy,but the are obviously other ways to trade.
  Forum: By Share Code

wren
Posted on: Dec 11 2014, 10:27 AM


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ARI,my favourite stock story continues the downward spiral:now 15 cents,less than one third of the price "The Instos Mates Club" tipped their punters into about 9 weeks ago.Still,only $450 million gone missing.
  Forum: By Share Code

wren
Posted on: Dec 11 2014, 09:55 AM


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The Market loved the Ann. CVN down 25% to 13 cents.
  Forum: By Share Code

wren
Posted on: Dec 10 2014, 01:51 PM


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Who writes your stuff flower?
Nice to see you giving the old 30 minute chart a run when it supports your statement.Your own chart shows a change from 6.15 to 6.20. That certainly is chaotic!
  Forum: Macro Factors

wren
Posted on: Dec 10 2014, 01:30 PM


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Posts: 2,911

"cause of the overnight chaotic markets."
Really.And which particular markets were more chaotic than usual?
  Forum: Macro Factors

wren
Posted on: Dec 9 2014, 05:08 PM


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Another fun day at the office for AGO.Down another 9% today.The death spiral continues.And no,BHP/RIO will not be making a takeover offer.
  Forum: By Share Code

wren
Posted on: Dec 9 2014, 05:02 PM


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" . http://dollarcollapse.com"
Might be time to change the website name….
  Forum: Macro Factors

wren
Posted on: Dec 9 2014, 10:22 AM


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Just sold NST at $1.165. So,about 6 cents a share profit in a week.An OK result.
  Forum: By Share Code

wren
Posted on: Dec 8 2014, 07:30 AM


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"AUD/USD 0.8295 right now.
83 cents didn't hold long."So "? Parity by Christmas" would seem a little unlikely.I sold my biggest position..long the Jap Market (Platinum Trust Japan Fund) too early..about 5 weeks ago.Biggest current holding is long GBP,which has been a bit slow but may get going this week.
  Forum: Macro Factors

wren
Posted on: Dec 6 2014, 02:16 PM


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Posts: 2,911

flower,
I really don't understand your share trading approach.
For a long time you have posted favourably about SEH.The latest such post was Dec 1st where you listed all the reasons to own SEH.At that time POO was about the same price as it is today.
Then,on Dec 5th you tell us you sold SEH because it "seems to be going nowhere".
Given that you have criticised the the 'Casino' nature of the Stock Market many times,and your frequently stated view that Fundamentals are all that matter,why did you sell just three days after a glowing assessment of the company?
  Forum: By Share Code

wren
Posted on: Dec 5 2014, 10:42 PM


Group: Member
Posts: 2,911

EbThanks for your information.I have never said or implied that there is little demand for Iron Ore.My feeling is that AGO etc are tiddlers compared to the big three.These big guys can,and have ramped up production quickly.Importantly they can do this at much lower cost per ton.There is no shortage of Iron ore in the world,so it is a matter of who can produce it at the lowest cost.If this is all true,the small Iron Ore producers have a tough gig.Just my thoughts!
  Forum: By Share Code

wren
Posted on: Dec 5 2014, 04:15 PM


Group: Member
Posts: 2,911

Not sure which company you are referring to.None of these IO producers are making money.Why would anyone wish to buy them?I suspect the reason is that when PIO 'returns to normal' they would be bargains.The problem is that the new normal may be a price where the assets have no real value.Seems to me that most commentators have not considered this possibly.
Eb...AGO has a bit of cash,but also has plenty of debt for a company with a market cap. Of $150 million.Rolling that debt over may be a step too far...but that is in the future.Said it before:RIO,BHP and Vale will be the winners here.qq
  Forum: By Share Code

wren
Posted on: Dec 5 2014, 11:53 AM


Group: Member
Posts: 2,911

" Who will be next?"
AGO is my bet,but ARI and BCI could be in the sticky stuff.
  Forum: By Share Code

wren
Posted on: Dec 5 2014, 09:57 AM


Group: Member
Posts: 2,911

MGX down 40% today.Goodnight nurse.Reckon AGO won't be far behind it either.
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 01:57 PM


Group: Member
Posts: 2,911

Just sold at $8.63.Had 20,000,so about 28 cents a share profit.Not life changing but OK.
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 01:26 PM


Group: Member
Posts: 2,911

'Your attempt to call flower my boyfriend (thanks for the homophobic slur by the way - classy!"

Like many here,actually thought you were female so hardly a homophobic observation.
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 01:20 PM


Group: Member
Posts: 2,911

Top result cooderman:less worry is meant to equal better golf.
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 10:39 AM


Group: Member
Posts: 2,911

Just purchased 50,000 at $1.10. As stated today on the 'Gold in AUD' thread,I reckon the TA shows the AUD price of Gold has broken out.
May also buy NCM which is looking quite good on the charts (and yes,along with the rest of the world I do know that NCM produces a bit of copper)
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 10:21 AM


Group: Member
Posts: 2,911

mookie,
Wrong,yet again.If you had bothered to actually read the post where you say I made the statement that Gold 'could become obsolete' you will find that I was quoting someone else's view.As I said,the sentence structure did not sound like me and it wasn't.

Here is the post (beginning ) in question…..

"A considered post from 'kgtom' across the road…"

You really are a prize dope mookie.
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 10:06 AM


Group: Member
Posts: 2,911

This is TA only.(not interested in FOMC meetings,US money printing etc,etc). The AUD price of Gold has broken out of a prolonged consolidation zone.There may or may not be a small pullback from current levels,however in the near and intermediate term,the AUD price of Gold should rise….should be good for Gold stocks. Hooray!
  Forum: Investment Discussion

wren
Posted on: Dec 4 2014, 09:58 AM


Group: Member
Posts: 2,911

"Is there value at this price?"
Hope so.Purchased this morning at $8.33:this lemon really is overdue for a bounce.(seem to recall saying the same words about a week ago…and being wrong)
  Forum: By Share Code

wren
Posted on: Dec 4 2014, 06:49 AM


Group: Member
Posts: 2,911

"Your actual comments for you "If one country (China) owns too much gold, the rest of the world will bypass gold and render it useless." So in fact the comments I made are (as you can plainly see) correct. All the best you'll get me one day, not just today or most likely tomorrow."
OK mookie,I'll bite.The sentence construction doesn't sound like me.So on which thread was this allegedly written?
PS. Still waiting for you to make a meaning contribution about a stock,currency or commodity.Personally,I would be surprised if you have ever actually bought anything in meaningful quantities.Just another pretender in my book.
PPS.Check out the difference between Slander and Libel.Your complete knowledge could be written on the back of a postage stamp.
  Forum: By Share Code

wren
Posted on: Dec 3 2014, 11:25 PM


Group: Member
Posts: 2,911

"ie wren thinks if China buys too much gold every other country will throw their gold in the bin and gold will become obsolete (this is not a joke) and …"

Really.Might be getting a little over excited mookie.What I have said,and still say,is that gold is another commodity.The price of the stuff is highly variable as demand ebbs and flows.You may disagree with this,but it not a silly idea.Way,way smarter people than me have this view,but of course there are others who have a different view.
As for your posts,they are poorly researched and show no originality of thought.Forums are full of folk like you and essentially represent those who know not,and know not that they know not.That is working definition of a fool.
  Forum: By Share Code

wren
Posted on: Dec 3 2014, 11:48 AM


Group: Member
Posts: 2,911

GS view ……

Relative to the commencement of 2013 and 2014, the main challenges and opportunities for the Australian economy seem better understood by the consensus and by policy makers. The triple threat of an income shock via commodity prices, an investment shock via the mining sector and a fiscal shock via federal and state governments are the threats that present as the key domestic risks for 2015. Although we have consistently highlighted these same themes over the past 2 years it is important to note that the challenges from these 3 themes remain mainly ahead of Australia rather than behind it. In terms of sequencing of the shocks, the 3 shocks are occurring on overlapping but different timeframes.

Sounds about right to me.
  Forum: Off Topic Chat

wren
Posted on: Dec 3 2014, 11:40 AM


Group: Member
Posts: 2,911

The greatly misunderstood SUR is down 20% today.At least 4,000,000 shares are available at the bargain price of just 0.4 cents.
  Forum: By Share Code

wren
Posted on: Dec 3 2014, 10:54 AM


Group: Member
Posts: 2,911

The world's most desirable currency (must be true as I read it on SSc) is now below 84 cents US.
The message is gradually sinking in.The years of plenty and cheap O/S Hols are ending.
  Forum: Macro Factors

wren
Posted on: Dec 2 2014, 03:23 PM


Group: Member
Posts: 2,911

You may be lacking a little wit for the job mookie.
Perhaps sticking to your International and Local share trading would be a better plan.BTW,when did you last share one of your trading ideas with we poor peasants?
  Forum: By Share Code

wren
Posted on: Dec 2 2014, 02:57 PM


Group: Member
Posts: 2,911

If one joined your brain and that of flower together using the SUR thread as a connector,the total IQ would be 100.
  Forum: By Share Code

wren
Posted on: Dec 2 2014, 02:42 PM


Group: Member
Posts: 2,911

Welcome to Club Santos!
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wren
Posted on: Dec 2 2014, 12:16 PM


Group: Member
Posts: 2,911

mookie,
There is a relationship.The point of my post was that the relationship is rather 'unstable' in that it holds well in some years but not in others,so it is not really a 'tradable ' relationship.A worthwhile point,imo.
  Forum: By Share Code

wren
Posted on: Dec 2 2014, 10:56 AM


Group: Member
Posts: 2,911

MTS is down another 8% to $2.00.
The Market doesn't like companies that have have lower EPS year year after year.I believe MTS is on a hiding to nothing.It is in an increasingly tough market and is the weakest player in that market.
  Forum: By Share Code

wren
Posted on: Dec 2 2014, 10:45 AM


Group: Member
Posts: 2,911

You're not really an evidence based kinda guy are you flower.

For some reason when one reads your daily 'gather round the campfire kids and I'll tell you a story', posts,one phrase always comes to mind.

'Ignorance is bliss'
  Forum: By Share Code

wren
Posted on: Dec 2 2014, 10:35 AM


Group: Member
Posts: 2,911

Said flower…."IMHO how the market reacts to the Phoenix South1 log results will not be influenced by the POO on the day the announcement is made."

Really?



.If POO is,say $55,the value of the discovery would be much less than if POO was $100. It might even be uneconomic at $55,so essentially valueless .



None of this is rocket science and anyone who can't figure this sort of stuff out for themselves should find something else to do with their spare time.
  Forum: By Share Code

wren
Posted on: Dec 2 2014, 10:17 AM


Group: Member
Posts: 2,911

If only life was that simple flower." of course gold and oil are directly related '\"

Here is the conclusion from an actual study (as opposed to idle speculation)

"The red line shows the R-squared values calculated in a one-year window ending on the day for which the value is shown. The changes in the R-squared can be perceived as the stability of the gold-oil relationship. High values indicate that for a one-year period prior to the day for which the value is reported the link between gold and oil was relatively strong and they traded in the same directions. Low values indicate that for one year the relationship was questionable and gold and oil traded independently. We can see that the stability of the relation has been fluctuating dramatically for the last 25 years."
  Forum: By Share Code

wren
Posted on: Dec 1 2014, 03:18 PM


Group: Member
Posts: 2,911

" Australians are generally very astute and the majority will invariable assess any given situation and make the correct decision."

Not like those foolish Germans,Poms,Singaporeans,Swedes etc.

There is some truly memorable quotes on this forum,and that is one of the 'best'!
  Forum: By Share Code

wren
Posted on: Dec 1 2014, 01:50 PM


Group: Member
Posts: 2,911

As readers (are there any?) may have gathered,the writer believes the vast majority of Instos are run by,and employ ,well dressed gumbies.The proof is that most under perform various Indices..no mean feat.
ARI is a ripper story.The Instos chucked in about $500 million of OPM into ARI at 48 cents…this was only a few weeks ago.Today,those investors are down 60%! Have any of those overpaid intellectually impaired folk lost their jobs--or even a nights sleep over this fiasco? Not on your nelly!
  Forum: By Share Code

wren
Posted on: Dec 1 2014, 01:18 PM


Group: Member
Posts: 2,911

A stock which has been described as 'much maligned' makes an Ann. today…

"Percentage of pre-placement security holders who did not
participate in the 7.1A placement 99%"

Current SP 0.006
  Forum: By Share Code

wren
Posted on: Dec 1 2014, 01:04 PM


Group: Member
Posts: 2,911

" I bet your glad you sold when you did "
And ditto Santos!
Yep,there will be a time to go long these stocks,but no signs yet.
  Forum: By Share Code

wren
Posted on: Dec 1 2014, 12:50 PM


Group: Member
Posts: 2,911

"small dose of inflation will help the govt get out of its deficit pickle."

What won't help is the low POO:collection of fuel duty will be sharply down.
Plenty of trouble ahead for the world's Greatest Economy (according to some)
  Forum: Macro Factors

wren
Posted on: Dec 1 2014, 10:15 AM


Group: Member
Posts: 2,911

MTS seems to have defied gravity….until today.Large Dividend drop and share price hammered .
  Forum: By Share Code

wren
Posted on: Dec 1 2014, 10:00 AM


Group: Member
Posts: 2,911

flower,
Have read your 'explanation' a couple of times,then tried reading upside down. Still no luck in making sense of it.Perhaps someone else could help here.
CVN is down 11% today,and it is not alone.
  Forum: By Share Code

wren
Posted on: Nov 29 2014, 07:38 AM


Group: Member
Posts: 2,911

Hi Barra,Not arguing about the sub $10..I was using my iPAd data.Oil down again last night,so sub $10 here we come (again!)
  Forum: By Share Code

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