QUOTE (realitycheck)
The big question here is what will be left for the shareholders ....
Will the government take an equity position so large ... in exchange for it's infusions ... that it dilutes shareholders into oblivion ?
Exactly. Shareholders could be left with nothing.
QUOTE (realitycheck)
At this juncture ... the best that I can rate these banks is as a "trade" ... not an "investment" ...
But ... that's me ...
That's for sure. Is there anything out there that can be an investment in this economy? Maybe Metals...
Also, some of the rally yesterday could have been short covering. Is there still a ban on shorting some of the bank stocks?
I consider myself a partial owner of all the banks with tax dollars anyway. Don't expect a return...
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Yes.
Will it? I don't know.
I think they can get functioning banks that can lend again.
But this will play out by the weekend. Next Wednesday anyway.
The stocks will go up and down as the details are revealed and debated on.
There may be more bad news we haven't seen yet.
They all made too big of moves and too close to resistance now for me to go long.
I'll probably buy some puts once it peaks out, but I'll have to see what's going on when that happens.
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We probably will.
Trend lines are made to be broken. They seem to anytime I trade with them anyway.
Don't forget that China is spose to recover faster than anyone will and coal will benefit.
Oil will probably go up again eventually, and since we'll be unemployed and broke, that will be extra nice at the gas pump.
And at least one company can still make stellar profits when we're staying home watching movies all day.
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Looking for some good trades on stocks that move. I'll play it up or down with call or put options. If it's at support or resistance, I may do a bear call spread or bull put spread or I may do a calendar spread if I like the fundamentals.
Low priced stocks like JASO are somewhat scary before they are actually earning money.
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Yeah, I sold off positions yesterday while they were high yesterday because of being burned 2 weeks ago with the head fake.
We were just about to take off last week, and then MSFT announces early...
Guess I'll have to be patient and play coming back down...
Think gold is going higher, but don't want to jump in after that nice run, missed my enter back at 813 or so.
I would buy some call options on PCAR today if swing wasn't so erratic.
PAQBX 4.6 X 4.9.
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