Two New
Golden Apples just fell at my feet
( and of course I just had to pick them up ).
What we have here, in my not-so-humble-opinion,
is a case of
Insatiable Institutional Appetite ( DEMAND ) :
- Box, inc. - ticker symbol BOX - in Content Management
- BOX-Daily-All-Data-9-7-23.png (83.88 KiB) Viewed 5488 times
While I was busy trying to learn Joomla, Drupal, OSCommerce, Wordpress
and other
Content Management Systems or
CMSs
this outfit achieved 70% penetration of
The Fortune 500
( basically all the frosting, most of the cake, and just leaving a few crumbs ).
Like Amazon, the priority was
Build Market Share, the money will come later,
which is
NOW.
Study this chart carefully - it is a very rare thing - and a sure-fire money maker -
for the last three years, it looks like the big institutions cannot get enough -
and now it is "show us the money" time !
Needless to say, this was my biggest position ( and was immediately marked down -
low bids AND low offers also - option-wise ) UNTIL this came along and REALLY got me going :
- a bank, of all things, why did it have to be a bank ???
- CitiGroup-Long-Intermediate-And-Short-Term.png (296.35 KiB) Viewed 5488 times
Now my favorite songs are :
In The City by Joe Walsh and The Eagles
Fool For The City by FogHat
Book Value almost $100.00 per share ( Yahoo Finance )
$$$ One Trillion Dollars $$$ in cash, only six-hundred-billion in debt
BONY-Mellon and Bank of America both own big positions
also Morgan Stanley ( and I'll bet they are not the ONLY Investment Banker )
Warren Buffet's Berkshire Hathaway owns a couple three percent...
As always, Do Your Own Due Diligence
( because "Everything Yields to Diligence" - Antiphenes )
And past performance is no Guarantee of Future Profits.
I am also on the record here as liking AT&T and Sibanye-Stillwater
and I still like BOTH; now, when there are four companies I can be aggressively long in,
I am essentially net LONG. Does not mean I should not short. Does not mean I should not hedge.
I may in fact have selected the four stocks that will go up while the rest of the market crashes...
Stranger things have happened before...
