Banks / Financials

Forum: Investments
Author: [Investments] Topic: Banks / Financials
jw11 PM jw11
Joined: Feb 2004
Posts: 1311
Illinois
 
jw11
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Posted: 10/20/2011 8:50:16 AM

BKPIX

Check this Sector fund ....

I'm waiting to buy on a dip...just not sure how deep I wanna dive in....

When I buy it will be a long term hold.

Any opinions?

Forty7 PM Forty7
Joined: Feb 2008
Posts: 1599
Canada
 
Forty7
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Posted: 10/20/2011 10:15:42 AM
Buying Financials before the Euro is worked out is CRAZY!,  If you are long term buy it on the way up after resolution.  If it is a trade roll the dice when ever...i would not risk it.  I am looking at Morgan Stanley after the weekend if the Euro summit is productive.
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
United States
 
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Posted: 10/20/2011 4:04:15 PM
Agree with Forty7 here.  Buying Financials now is premature. 
cave0707 PM cave0707
Joined: Oct 2009
Posts: 1242
United States
 
cave0707
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Posted: 10/20/2011 4:45:23 PM
But then again I'm not a bottom fishing expert.  So good luck to you if you do.
jw11 PM jw11
Joined: Feb 2004
Posts: 1311
Illinois
 
jw11
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Posted: 10/21/2011 9:11:25 AM

Thanks guys...Good luck.

btw....I'm planning on buying in increments...

I put 10% of the money i have saved for this venture in yesterday ....got BKPIX @ $3.98......and will wait to purchase my next portion after Euro resolution per your suggestion.

Thanks again for your opinions guys.

jw11

WRECKEDEM PM WRECKEDEM
Joined: Sep 2006
Posts: 977
Tennessee
 
WRECKEDEM
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Posted: 12/15/2011 3:41:44 PM
I spent several thousand dollars buying bank stocks in the past couple of years: Bank of America, Bank of Ireland, Allied Irish Bank, Suntrust, Regions and Bank United. I plan on sitting on them for several years. 
Forum: Investments
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