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| Dave Rathbun |
 Posted: Mon Jul 07, 2008 3:27 am Post subject: Timing the bottom of the financial sector |
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CFO
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There are a lot of banking / financial stocks that are quite attractive right now, mainly because they've had the crap beat out of them over the sub-prime mortgage issues and everything else. But big banks aren't going away anytime soon.
Tech stocks were pummelled (and rightfully so) during the Nasdaq crash earlier this decade. I would venture to guess that none of those stocks have recovered all of the way to their high in 2000, but many of them (including some that I own) have shown a slow and steady recovery. I'm wondering if there will be something similar in the financial sector.
There is a financial sector ETF with the symbol XLF. It has been on a stady downturn along with the rest of the companies in the area. But it could be a way to get into the financial arena without resorting to picking individual stocks.
Any thoughts on the financial sector? Is it still on a downward spiral, or are there signs of a recovery any time soon?
I have a two-year time horizon on this, so I don't need a turn-around to happen in the next 90 days. I can always buy some XLF (or something else) now and average down if I need to. Just looking for some ideas.  |
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| Grimreaper |
| Posted: Mon Jul 07, 2008 4:24 am Post subject: |
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CFO
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Hey Dave, doan feel bad cuz ifn ya head ova yonder ta Dubya B's frat house you will find dat he is also tryin ta catch  DA BOTTOM in da finanshulls....cept he's woikin mit thisn PRS  I know where DA BOTTOM on datn bees....gettin purty close ackchooly. Ifn ya's gonnna play da finanshulls ya may azz well play da one da Saudis is gonna run wit when dey stawt dumpin all over Earl and stawt takin a bigger stake in America according to da plans of da Bush Regime.....which ov course is being "skillfully" perpetrated by Treas Sec Hank Paulson who "should know" cuz he in fackt wuz one ov da scammers who set da whoooole shebangie in moshun when he was at GS.  Da financial stock da Saudis will eventually own mosta? C But it still gots a date mit "probly" at least 12.50 bafo it hits....DA BOTTOM. |
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| Dave Rathbun |
| Posted: Mon Jul 07, 2008 6:31 am Post subject: |
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CFO
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So if I can try to extract some meaning from what you wrote  you're suggesting that C (aka Citibank) might become a "buy" at around $12.50. Is that right? The last time they traded under $20 (until this latest round) was over ten years ago. That's a substantial drop, but to be honest I can't argue with your numbers.
C is one of the stocks on my watch list, so thanks for the input. |
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| Grimreaper |
| Posted: Mon Jul 07, 2008 7:25 am Post subject: |
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CFO
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| Dave Rathbun wrote: | So if I can try to extract some meaning from what you wrote you're suggesting that C (aka Citibank) might become a "buy" at around $12.50. Is that right? The last time they traded under $20 (until this latest round) was over ten years ago. That's a substantial drop, but to be honest I can't argue with your numbers.
C is one of the stocks on my watch list, so thanks for the input. |
Thaas right...I'm wreckin C will break balow $13 anna I know fo sho it'll break balow $14.  Hopefully I woan hasta lower me entry tawget.  BTW, GM is trading at 1954 levels and will be a $55 stock in 3 to 5 years. Just thunk I'd letya know. |
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| Dave Rathbun |
| Posted: Mon Jul 07, 2008 8:15 am Post subject: |
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CFO
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Interesting. I'm open to considering GM for a long-term buy. Everything I'm looking at right now has a minimum two-year horizon.
Are you trying to play as a value investor now? |
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| Grimreaper |
| Posted: Mon Jul 07, 2008 8:33 am Post subject: |
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CFO
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| Dave Rathbun wrote: | Interesting. I'm open to considering GM for a long-term buy. Everything I'm looking at right now has a minimum two-year horizon.
Are you trying to play as a value investor now? |
I have ALWAYS bin a balyou inbester. Like fer instunce, BRLC atta 12.20 wuzn't a GOOG balyou. But right cheeeya at .45 centavos it is?  Did I know it twas goin ta .45 centavos when it twas at 12.20?  Nope! Butt I knew it twas goin balow $2 dallahs when it twas be up dere at 12.20. BTW, Fode is gittin close too. Datn gotsta break balow $4 dallahs....3.75ish....sutton like dat. VC makes pieces n pawts fer F. It'll run ta 3.35 as soon as it takes out 2.02.....which "cud be" as erly as taday!  |
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