I guess the government now wants to take stakes in all kinds of banks, both weak and strong. I guess the 13-D's will be flying. I can see the headlines now, "Citigroup up 6% on Paulson stake."
We will have to see if this is just another rally that gets sold today. Until we can get a rally that doesn't get sold we will continue the grind lower.
Thursday, October 9, 2008
More Fed Intervention
Subscribe to:
Post Comments (Atom)
About Me
- upsidetrader
- 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.
6 comments:
who's buying BAC...set up before the hard wash?
Incredible - It is like we are taking back the whole move from Oct 2002 - March 2003 $SPX 800
Billy
Congrats on the BAC call!
Darwin
it was either ppt or the syndicate trying to support the issuance price but they could hold it no longer
billy,
i thin 8000 is in the cards
steve,
my first entry back to the dark side on financials and it felt good
Post a Comment