Longer term trades-financials

Quote from pumpanddumper:

May be safer to scoop up XLF in increments rather than individual plays. Sure, some will double but others could go BK.
More...

Or UYG. Same diversification, but higher volatility for larger potential gains.
 
UYG is going to a huge winner when the financials do turn around, I see that gaining over 200% when things finally settle down and the financials begin to show that these credit problems are behind them, but I don't think this is going to happen anytime soon, at least 2-3 yrs away in my opinion, Im looking to get UYG under $30 a share for the LONG TERM.
 
Quote from enforcer99:

do not get suckered into buying financials;its that simple.
More...
Amen.

And if you insist in buying financials, GS in the only wise choice.

Forget about those troubled by subprime. We are nowhere near a subprime bottom yet.
 
Quote from JRworldwide:

2008 has me very excited with the housing/mortgage/credit crisis and the buying opportunity's that are unfolding now and looks to be extreme in the near future with more write downs.

Who else is looking at scooping up some giant banks and such and holding for a good 3-5 years+ as recovery develops?

Thoughts? Discussion plz...
More...

You seem to beat the pack! People are talking about recession, depression, sky is falling, triple bottoms, bear market all over this message board these days and you are planting different type of seeds?

WOW! I am impressed by your optimism on these matters. Thank you very much.
 
Quote from JRworldwide:

2008 has me very excited with the housing/mortgage/credit crisis and the buying opportunity's that are unfolding now and looks to be extreme in the near future with more write downs.

Who else is looking at scooping up some giant banks and such and holding for a good 3-5 years+ as recovery develops?

Thoughts? Discussion plz...
More...

I was thinking the same thing. I don't watch the financials at all, but I'm starting to get interested too, and put some up on my watch list. I still want to see more deterioration in the Dow though.
 
Quote from JRworldwide:

suckered in?

Elaborate plz...

We are talking Value plays for the longerterm not a swingtrade
More...

Value play my ass. Sucking innocent victims into your vortex of greed. Since when these companies are trouble free and on sale?

They are cheap for a very good reason- they are damaged goods.
 
You must log in or register to reply here.
Back
Top