Tuesday, August 12, 2008

Still, No Trust

I may be the only guy out there that thinks the financials will at the very least test the July lows, but when I read these types of articles it makes me feel like I am not that crazy.


George Jackson said...

You are not crazy. The quaterlies were full of accounting tricks, and they were still awful. ZION got nailed today, which got me back to almost even...I also added SKF at 111 last Thursday, which has now made 2 trips to the 120's...Merrill and now JPM had to give more $$$ away...These will get punished again.

upsidetrader said...

you go boy!!!!!!!!!!!!!!!!!

George Jackson said...

I'm looking to re-enter RF and WB if the XLF breaks support. WFC and STI are another two on the radar. Too bad the broker-dealers are protected by the People's Republic of Cox, but SKF can be used to play them. I got caught holding a few through the July lows, but always had faith they'd come back to me. Later!

upsidetrader said...

good luvk--i tend to agree

About Me

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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.