Art G
Thinks s/he gets paid by the post
- Joined
- Nov 5, 2007
- Messages
- 1,052
HBAN is now looking like one of the better bank stock buys. Next resistance currently a hair under $18. JMO
It's always nice to see the [-]retail investors[/-] good guys win one for a change.Some nice sucker sold me USB shares on July 18 (the bottom for the financials) for 27.50, currently trading 2 months later for 41.25 almost a 50% gain in two months. Pretty crazy for company that has been regularly paying dividends since 1865...
Of course another idiot (that would be me) sold BAC for 27.50 last month, it traded at 38.50 pre market.
Someone with balls is going to make a boatload of cash on financials noone wants to buy........maybe Art G..........
What I can't understand is why didn't KBE or KRE or VFH (Vanguard Financials ETF) get absolutely crushed at anytime this week? I was waiting for a true fire sale.
-CC
WB went from 9 to 23 in 2 days. Anyone trade that range? I chicken out for 1000 shares.
Cramer is calling the 4 banks that will survive the Fortress 4. Chase, BofA, Wells Fargo and I think Citi is the last one. everyone else is at risk and the smaller ones aren't going to get bailed out
WB went from 9 to 23 in 2 days. Anyone trade that range? I chicken out for 1000 shares.
Interesting investing sidelight was that insiders bought shares heavily several times on the way down, including just 2 weeks ago.
09/15/08BAKER JOHN D IIPurchase25,000$12.25306,250.0009/15/08GOODWIN WILLIAM H JRPurchase1 Mil$11.0011.00 Mil08/19/08SHERBURNE JANE CECILE*Grant164,107NANA07/23/08KELLY STANHOPE AGift5,000NANA07/22/08KELLY STANHOPE ASold5,000$13.9569,755.0007/22/08STEEL ROBERT KINGPurchase1 Mil$16.1716.17 Mil07/15/08STEEL ROBERT KINGGrant1.99 MilNANA03/05/08BAKER JOHN D IIPurchase10,000$28.75287,450.0003/03/08BAKER JOHN D IIPurchase10,000$30.37303,700.0002/28/08BAKER JOHN D IIPurchase10,000$32.00320,000.00
Ouch!
Wow!
This is getting real. Wachovia was supposed to be a good bank. Interesting investing sidelight was that insiders bought shares heavily several times on the way down, including just 2 weeks ago.