Strong comeback of quality finacial stocks

[hajimow]

GS, WB,..... amazing comeback.
IYR is also up 5%.

 

[Corey]

BAC has had a nice run too!

BAC was a steal back @ 32 for long term investors. With a 6.5%+ dividend (largest EVER) and being one of the largest banks in the US ... I mean, it was a no-brainer for the ROTH.

 

[hajimow]

Definitely not a time to short quality financial stocks for long term.
daytrading is different.

 

[Bowgett]

Quote from Corey:

BAC has had a nice run too!

BAC was a steal back @ 32 for long term investors. With a 6.5%+ dividend (largest EVER) and being one of the largest banks in the US ... I mean, it was a no-brainer for the ROTH.

I missed it at @32 but grabbed it at 33 and change but now I am puzzled what to do with it

 

[Pilotboy]

It's called a bounce of beaten down financial stocks!

 

[Corey]

That is probably because the low was 33.12. No wonder you didn't get in at 32!

 

[S2007S]

UYG, had an impressive run as well up over 10%


Bought last week at 33.50 sold today at 37.00

will wait patiently for the next pullback below 32.00

 

[Bowgett]

Quote from Corey:

That is probably because the low was 33.12. No wonder you didn't get in at 32!

You are right I just checked it. I guess this was a lucky one.

 

[Bowgett]

Quote from S2007S:

UYG, had an impressive run as well up over 10%


Bought last week at 33.50 sold today at 37.00

will wait patiently for the next pullback below 32.00

Already sold? I am still holding. Remember we might have more cuts next week and then I might sell.

 

[Eliot Hosewater]

Quote from Corey:

BAC has had a nice run too!

BAC was a steal back @ 32 for long term investors. With a 6.5%+ dividend (largest EVER) and being one of the largest banks in the US ... I mean, it was a no-brainer for the ROTH.

How long do you think they can keep paying that divvy?