Official Let's Make Some Money Off Stocks Thread

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04-20-2009, 09:00 AM

#2021

Cyberous

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Shatt,

What do you think about the hefty pull back today in BAC (and other financials).

I've been waiting for a significant pullback to add some more shares.

Should I wait for 7's?

Don

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04-20-2009, 09:51 AM

#2022

DFWs2k

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i don't think it'll go into the 7's today...but i'm wanting to get back in as well

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04-20-2009, 10:00 AM

#2023

AZDavid

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Buy banks at your own peril

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04-20-2009, 10:08 AM

#2024

DFWs2k

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no risk no reward, lol..

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04-20-2009, 10:20 AM

#2025

AZDavid

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If that is your thinking, buy FAS and go balls to the wall.

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04-20-2009, 11:14 AM

#2026

DFWs2k

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i dont know anything about FAS, so i wouldnt invest in it

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04-20-2009, 06:42 PM

#2027

andreiscv

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Buy banks now only if you like to catch falling knives by the blade lol.

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04-21-2009, 08:52 AM

#2028

Cyberous

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Damn,.. my "Knife" order was in too low.

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04-21-2009, 09:29 AM

#2029

UnkieTrunkie

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Quote:

Originally Posted by andreiscv,Apr 20 2009, 06:42 PM

Buy banks now only if you like to catch falling knives by the blade lol.

Wait for the fallout of the secondary trailing indicators (read: the newest unemployed defaulting on another round of loans), and hold out for Black Monday '09 (October).

Then, go Goldman, JPMorgan, and WellsFargo.

Or, buy those three now, and grit your teeth REAL hard for the next year. IMHO.