Fundamental and Technical Analysis: Rapid Fire
Chapters in this video
- 0:00 Intrinsic value versus chart timing: the fundamental and technical split
- 1:16 Balance sheet snapshot, non-cash charges, and the land depreciation trap
- 2:02 FIFO versus LIFO inventory accounting under rising prices
- 2:37 Total capitalization and the preferred stock trap
- 3:12 Quick ratio (acid test): why inventory gets stripped out
- 4:03 Support and resistance floors and ceilings
- 4:24 Golden cross, death cross, and contrarian sentiment indicators
- 5:15 Bond Buyer index memory aid: 6% coupon and daily publication for the 40
- 5:56 Tender offer rules, insider trading boundaries, and short tendering
- 6:24 Unqualified opinions and stabilization bid limits
- 6:49 Rapid-fire exam recap
What this video covers
- Why a balance sheet is a snapshot at a point in time while the income statement and cash flow statement cover a period of time, and where land depreciation fits in
- How FIFO versus LIFO inventory accounting affects reported earnings and taxes in rising prices, and why LIFO is barred under International Financial Reporting Standards (IFRS)
- The total capitalization formula: long-term debt plus preferred stock plus common equity, and the trap of dropping preferred stock
- Why the quick ratio (acid test) strips inventory from current assets, and what each liquidity ratio measures
- Support as floor and resistance as ceiling, including role reversal when either level breaks
- What a golden cross and death cross signal, and why contrarian indicators like the put/call ratio and VIX read bullish at extreme fear
- The 40 Bond Index standardizing to a 6% coupon and publishing daily, versus weekly publication for the 11 Bond, 20 Bond, and Revdex-25
- Tender offer rules: the bidder can buy target shares, material nonpublic information bars trading for everyone else, and short tendering is prohibited
- Why an unqualified audit opinion is the best possible outcome, and why stabilization bids must sit at or below the public offering price
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