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Heard Of IAMXU & CIC.U, Recent IPOs Planning To Acquire Startups!

by Anura Guruge


Click to ENLARGE and read here. From ‘GlobeNewswire’.


Click to ENLARGE. From ‘MarketWatch’.


Just happened to hear about them, fleetingly, on CNBC on Monday morning, i.e., September 11, 2017.

They actually call themselves ‘Blank Check Companies‘. They did an IPO and raised $50 Million — which isn’t much. What they now plan to do is to, in effect, do a reverse merger. Enable a ‘start-up’ to go public without the hassle and risk of an IPO.

At $10/share it is tempting. They could hit big. I might have to have a flutter.

Just letting YOU know.


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by Anura Guruge

Warren Buffett Follows My Lead On SYF, i.e., ‘Synchrony Financial’ — 4 Months Later.

by Anura Guruge


My original post on SYF —
April 10, 2017.


August 14, 2017 news in ‘USA Today’ etc. Google for more.


What can I say. In my old age I have finally worked out this ‘thing’ called ‘investing‘. {SMILE}

Synchrony Financial’, SYF, was pretty obvious. It took a bit of a hit after its last results BUT that gave you a great chance to make some decent money on options.

SYF, as Buffett’s move testifies, is rather attractive right now. There is also the rather handy $0.15 dividend.

So, just take notice. {Smile}


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by Anura Guruge

The “New York Stock Exchange” (NYSE) Was Founded This Day 225 Years Ago — On May 17, 1792.

by Anura Guruge


Click to ENLARGE and read here. Wikipedia link: en.wikipedia.org/wiki/New_York_Stock_Exchange


225 years ago. Wow. That does seem like a long time ago.

Just think: IF you had ancestors who bought stock that day and held onto them.

I don’t think, though I haven’t looked it up, that this was the first Stock Exchange. Something tells me that London or possibly Amsterdam predated New York. Nonetheless, 225-years is quite the anniversary. 225 years from now will be 2,242!


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by Anura Guruge

Barclaycard US & A Fraudulent $194 Charge From Best Buy.

by Anura Guruge


A sample image found on the Web. {SMILE}


I got a Barclaycard Mastercard in February of this year. The last thing I needed was another credit card (to the dozen or more I already had) BUT I would have been an even bigger fool than normal to turn down the generous, one-time $250 Cash Back Reward — given that the 90-day spend requirement to get that was beyond easy to meet. {SMILE}. Yes, I got the $250, as a statement credit, within six weeks and that made me happy.

Given my British antecedents I am fond of Barclays. A good British institution.

I don’t use the Barclaycard as much as I probably should — preferring instead, for reasons I am not truly sure as to why, to use my Bank of America (BofA), Fidelity or Discover.

Anywho …

I check transaction activity on all my cards, online, irrespective of the frequency of use, on a regular basis.

Last week I checked the Barclaycard account and was SURPRISED to see a PENDING charge for $194.40 from Best Buy. I certainly had not bought anything from Best Buy in a month — though it was very true that I had been browsing the Best Buy Website that week looking for a new tablet. But, I was pretty certain I had not accidently bought one. Checked my Best Buy account. Nothing, and I would NOT have bought anything outside of the account because I would have wanted my Best Buy points. Checked around. Nope, nobody in the house had bought anything from Best Buy — of late.

In reality we had only bought two things from Best Buy THIS year: the new refrigerator in early April and an Android phone (later returned) in late April. I had paid for the refrigerator on a Best Buy credit card. However, I had bought the phone using the Barclaycard and that transaction was properly listed — as was the RETURN a week later.

So this was a mystery and semi-scary.

A $194.40 charge, albeit still pending, on my card.

I called them. They answered fairly quickly.

They were SLICK and wonderful.

No hassle, no grief. Just a few questions and then it was BANG, BANG, BANG.

They cancelled my card. They voided the transaction and it was GONE — totally gone — by the next day.

FedEx delivered a new card next morning by 10am! Wow.

I am impressed. I am glad I got a Barclaycard.

But, a heads up.

This is scary. So who stole my card information — since I still had the card in my possession.

I wonder whether Barclaycard will be able to find out. 


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by Anura Guruge


IBM’s Ginni ‘Tonic’ Rometty Would Have Been FIRED 2 Years Ago IF She Was A Man!

by Anura Guruge


The company she keeps.



I ‘speak’ here as a proud ex-IBMer, one who made a decent living for 30-years as an IBM ‘expert’ and one who has been accused, more than once, of ‘bleeding blue when cut‘ (‘Big Blue‘ being IBM’s nickname).

I do NOT know Rometty. I never met her during my terms at IBM — my last stint c. 2001.

I have only watched her from far and she has NOT impressed me one iota.

20 CONSECUTIVE (bloody) quarters of declining revenues. Yes, 20 quarters — 5 years. That is basically a WHOLE tenure as IBM’s Chairman.

Come ON! Give me a break. She would have been out on her ear ages ago if she was a man.

Now it is looking embarrassing to all.

IBM has had some GREAT CEOs and Chairmen, not even counting the two father-son Watsons. Cary, Opel & Akers were GOOD. Gerstner, who I ‘knew’, was BRILLIANT. Palmisano was not great. Gin & Tonic Rometty, however, is the worst.

And IF you did NOT know. IBM’s stock price is what it is, because she was buying back BILLIONS to prop up the price!

Warren Buffett over the weekend admitted that he made a mistake in buying IBM. Well, he is getting OLD.

The best thing for IBM is to go cap-in-hand to Amazon and ask them, please, if they would buy IBM to put it out of its misery.


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by Anura Guruge

Who Will Stay Long Tomorrow, With Markets Closed On Friday, N. Korea, Syria & Russia All In Play.

by Anura Guruge





U.K. Daily Mail, April 12, 2017.


I have been amazed that the market has been resilient in light of all of this geopolitical unrest.

Never seen it so steadfast and ready to ignore Tomahawks being lobbed around, willy nilly.

But this weekend could be rather interesting to say the least and the Markets are close on Friday for Easter.

So, any risk aversion trades will have to be done Thursday, April 13, 2017.

I will continue to stay LONG.

Having stayed LONG, without a single exception, for the last 10 years there is no point trying to be cut now.

I have quite literally accumulated enough ‘Market Karma’ to keep me going through a few corrections. {SMILE}

Basically thinking out aloud.

As an option trader all volatility is what we live for.

All the best. Bon Chance. It could be quite the ride.


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by Anura Guruge

SYF, ‘Synchrony Financial’ As A Cheap Proxy Stock For Amazon (AMZN).

by Anura Guruge


Click to ENLARGE and view here. From ‘MarketWatch’ at marketwatch.com (SYF)


Not sure why I had NOT thought of this before. Maybe because I was already in AMZN, big time, and had been so for over 2 years.

But, this morning I happened to see SYF on CNBC and it got me thinking.

Why is it a PROXY for AMZN?

Because Amazon Store Credit Cards are issued by Synchrony Financial (via their Bank).

So more people that get Amazon Credit Cards the better it is for SYF.

AMZN at $900 is expensive and it is going up …

Yes, SYF will NOT MATCH AMZN performance.

But, SYF is 30 times CHEAPER.

So just a thought. Worth considering. I am.


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by Anura Guruge

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