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I have 17 consecutive profitable trades of 15% or better. How is this possible? Every day there are hundreds of stocks setting new highs, no matter what happens in the overall market. Many of these stocks are still at very reasonable valuations. Afraid of buying stocks at their highs? Think of it this way: a new high is really a future floor for companies with solid financial underpinnings. Quantitative momentum modeling makes it easy to identify stocks that can continue this upward momentum trend. Why does this happen? It's really very simple..ask me about what investors and cows have in common. I am $$$ MR. MARKET $$$. I AM HUGE!!! Bring me your finest meats and cheeses. You can join in on the fun. Register for free and you'll be able to post messages on this forum and also receive emails when $$$ MR. MARKET $$$ makes his own trades. ($$$MR. MARKET$$$ is a proprietary investor and does not provide individual financial advice. The stocks mentioned on this forum do not represent individual buy or sell recommendations and should not be viewed as such. Individual investors should consider speaking with a professional investment adviser before making any investment decisions.)
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  1. #1

    Default NFI - Oversold?? You betcha

    I just bought a boatload of NFI at around $5.00/share. I think this stuff got oversold in the New Century hysteria. Let's see what happens. Looks like some strong buying today.

    Wish I had thought of this last week...doh!

    Trailing PE of 2.50
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  2. #2

    Default

    oh..yea...it also pays a dividend of $5.60/share...a 170% yield, if you can believe that!
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  3. #3
    Join Date
    Apr 2004
    Posts
    5,540

    Default

    Certainly looks oversold to me.

  4. #4
    Join Date
    Apr 2004
    Posts
    5,540

    Default

    The daily TRIX is confirming a rebound.

  5. #5

    Default u sees?

    good call $$$MM$$$
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

  6. #6
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,975

    Default

    Mr. Market,

    I've heard the following stats which, if correct , confirm that you're more huge than ever.

    1. Financial institutions defined as "subprime lenders" lend out 13.3% of their funds in "subprime loans"
    2. On average , 7% of these loans will default
    3. This is only a .93% rate of default even the bank of billyjoe could live with
    that.

    When is NFI's next div?

    ---------------billyjoe

  7. #7
    Join Date
    Sep 2003
    Posts
    5,047

    Thumbs up

    yep, I agree with your assessment of NFI....obviously, since I bought a buttload of the stuff also, (last week at 5 as well as at 8.5-10 earlier)

    it's interesting that we agree on this stock again now, especially since this is one of the stocks that I found you on back in the Yahoo days (IART was the other), when my NFI buy coincided with your HUGE pick at the time.

    I see no reason that NFI wouldn't pay out at least $4 in dividends this year, so how can you go wrong buying at 5? TI for 2006 is more than $4, and they are required by being a REIT to distribute at least 90% of it. So unless they de-REIT or go BK before the year is up, a yield of 80% or better from here is pretty much in the bank. now THAT's a juicy dividend!

    Bear Sterns agrees with us, too:

    http://biz.yahoo.com/ap/070315/bear_...ions.html?.v=1

  8. #8
    Join Date
    Nov 2003
    Location
    ohio
    Posts
    8,975

    Default

    Somebody is going bankrupt. If we only knew those on the most likely to list.

    ------------billyjoe

  9. #9
    Join Date
    Sep 2003
    Posts
    5,047

    Default

    http://finance.yahoo.com/q/bc?s=%5ET...l=on&z=m&q=l&c=

    when this chart reverts back to the historically normal range of 8-10% we'll see who was swimming naked back in the halcyon days of sub-5% interest rates. until then, it's anyone's guess. I believe NFI will probably be gone before then, swallowed by the likes of Bear Stearns, or taken private... but they should still pay me my 2007 dividends before that!

  10. #10

    Default

    Quote Originally Posted by jiesen View Post
    http://finance.yahoo.com/q/bc?s=%5ET...l=on&z=m&q=l&c=

    when this chart reverts back to the historically normal range of 8-10% we'll see who was swimming naked back in the halcyon days of sub-5% interest rates. until then, it's anyone's guess. I believe NFI will probably be gone before then, swallowed by the likes of Bear Stearns, or taken private... but they should still pay me my 2007 dividends before that!
    Yes...buyouts are most likely..however, the sharks will buy the ones with the most value first.

    NFI did not close the way I had hoped today, but I'll watch it the next couple of weeks and may sell off half of my position if it fails to get moving.
    =============================

    I am HUGE! Bring me your finest meats and cheeses.

    - $$$MR. MARKET$$$

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