OK fellow bank stock holders.....let's talk!
Citi below $5 a share; BAC fast approaching $10/share; BCS under $8....
As some of you may remember, I am DEEP into BAC and have taken the full ride from $55 to present levels....and it is (or WAS) the biggest part of my portfolio....with my returning to some sort of w*rk almost assured now, I am now trying to focus on the future of my financial investments.....HELP!
I know that I shoulda, woulda, coulda....but I have to get past that and see what I can salvage from what's left....
It would seem that my 1st focus should be on harvesting tax losses - some or maybe even a lifetime's worth.....what say you?
Assuming that my loss is about $40+ per share, would you sell a few shares or maybe all?
Brew once said something to the effect that if BAC fails, we will have a lot more serious issues to deal with.....well, I can't say that my current confidence level is good...'cause it looks like a distinct possibility.....I would have to say that if C fails that BAC couldn't be far behind....
D*mn, I sure wish that I had taken up drinkin' at some point in my life....'cause this sh*t is drivin' me
!!!