the financial stocks are getting CRASHED!

[newguy05]

Man..it seems all the previous support levels for the bank stocks have vaporized. Look at mer, leh, wb, c, etc... almost in a slow freefall..

how low will the banks go, i mean at some point the book value has to kick in...

 

[The Kin]

I hear Citi is a buy at $5.

 

[riskfreetrading]

Quote from newguy05:


how low will the banks go, i mean at some point the book value has to kick in...

how low will the banks go= Zero
Back Value: it is kicking in.It is less than Zero!

 

[S2007S]

on fox 2 saturdays ago eric bolling hyped up GS and said it would trade as high as 200 after earnings....

 

[stock_trad3r]

I hope Citi goes to $10 so prince alawee peewee loses another 10 billion

 

[canuckrookie]

Well either we are about to hit a market bottom and this is the big capitulation we have been waiting for or it's the start of something much worse. Either way the faster the financials go six feet under the better off the market will be.

 

[The Kin]

GS is more powerful than the fed or President at this point. Never underestimate them. They nearly always have the right trades.

 

[ByLoSellHi]

Kill all the hedge funds and financials and let G_d sort 'em out.

 

[S2007S]

I think buying financials soon will pay off greatly over the next 3 years....I know its tough to buy the bottom and sell the top, but adding even a small position wont hurt, I would not suggest going all in at once, but buying small increments of XLF, I would stay away from the individual plays and stick with the ETFs.

 

[turkeyneck]

Quote from stock_trad3r:

I hope Citi goes to $10 so prince alawee peewee loses another 10 billion

His C cost basis is around $2.