Good stock buys? K to all.

[Creepusmaximus]

Here we go....Down

Day traders who think it's gambling go BK.

 

[truckdaddy]

I need to find a "day trading for dummies book"

 

[FriendlyCanadian]

MS on monday might be a good option.

Wachovia seemed to spike to so much because citi was originally buying it, than midway through the week wells fargo was in talks with buying wachovia, which pissed city off but the deal wasn't officially closed, I don't know where it sits now.

All I know is in the little time I've spent watching the markets, I've seen some huge jumps in stucks when billions are dumped into them or they are baught out by some bigger company. Like what happened with wachovia, it was up over 6 dollars at some point last week, I don't know if it's still a good trade.

Did you profit off it today Arabian?

 

[Creepusmaximus]

MS on monday might be a good option.

Wachovia seemed to spike to so much because citi was originally buying it, than midway through the week wells fargo was in talks with buying wachovia, which pissed city off but the deal wasn't officially closed, I don't know where it sits now.

All I know is in the little time I've spent watching the markets, I've seen some huge jumps in stucks when billions are dumped into them or they are baught out by some bigger company. Like what happened with wachovia, it was up over 6 dollars at some point last week, I don't know if it's still a good trade.

Did you profit off it today Arabian?

If you want to buy banks go after regional and small local ones. They don't have all this leveraged crap and the retirees are spreading their money over many accounts because they are afraid in a BK they won't get their money out. FDIC is only good for 100 or 250K not sure when that goes nto effect.

Local banks recieving more deposits and have good balance sheets that's where I would be looking.

 

[Arabian]

If you want to buy banks go after regional and small local ones. They don't have all this leveraged crap and the retirees are spreading their money over many accounts because they are afraid in a BK they won't get their money out. FDIC is only good for 100 or 250K not sure when that goes nto effect.

Local banks recieving more deposits and have good balance sheets that's where I would be looking.

Good thought, the feds are going to lower interest rates either this week or in the next few weeks so regionals might work however study there there balance sheets...

 

[rsnoble-im-back]

only bank I would buy is RF. but im not going to.