and with Stress Test coming out and Regional Banks expected to look bad (so the big boys can look good)... don't expect this to see anything above last friday's $4.8 mark and barely over monday's $4.40 mark
RIGHT, $5 maybe 4th quarter... how much is this up over the last 45 days?
if they don't need more capital via the stress test then i will even buy in large amounts FITB.
however, if the stress test which is supposed to hammer regional banks show that FITB wll need more then i will keep $ in tech
listen TJarmond man....instead of speaking from your ass and looking as one...just cover and save your soul...
the short squeese is going to rape you today...
the pre market did not open yet and it is 4.40 so wait till everyone can trade @ 8 hehehe
lube up as they said to you....
IT is now $4.04 after 8 am pre-market
hmmm, seems like i am more right.. but let's not fret
UPS , a major indicator of our economy as it's is SHIPPED GOODS took a big loss and issuing a wide warning. our businesses, small and large ship goods/items.
now, 8:30 is unemployment???? if you can buy this below $4 or at $4 fine... i'm not knocking that... but you will need to hold it a long time. if you are a trader then don't buy... just focus on the Financial ETFs and look at the Call/Put spreads
I sure hope your right! We went over the report and FITB looks stronger than expected all the way down, not just the lower loss than expected. These guys have just been sitting quietly making tons of cash and stock piling it! I need to cover a small short position. ( 5,000 shares) It is already @ 4.38 with over 70,000 shares sold. I'm afraid some of the large M$M's that have been holding back on this stock for fear of a bad earnings report as well as the large insitutions covering short positions may rocket this thing above $6 between 10:00 and 10:30 today. Could get very ugly on the short side....
It went up to $4.5 pre market... now it is at $4.20 pre-market.
FAZ had dropped to $9.3 premarket, now FAZ is at $9.6 pre-market
STRESS TEST RESULTS TOMORROW.... THE PRO'S KNOW,
WHY DO YOU THINK DOUG KASS INITIATED A LONG IN SKF... 3 DAYS AGO!!!
just trying to help you all.
Little mama.... that is what they reported after FASB Mark to Market change ....
however, the government stress test will show WORSE CASE SENARIO (which will happen when unemployment goes to 11% as expected) and under THAT CASE ...
you know, just mark my post. I bought end of day yesterday and will take profit in pre-market. I am not stupid. I know the Stress test will show that this bank needs MORE CAPITAL.
And in saying that, to get it, will dilute the stock.
ALSO, NOBODY WILL PAY BACK TARP... it is a HOAK ... why? easy..
why pay back money that you borrowed at 1% when you can lend it at 4-5%...NOT HAPPENNING. The small banks that are paying it back want to create this mantra that they are fine. So they pay back 1% to borrow $ at what??? 4%.. then they have to offer loans at 5%....
the only major player that will pay it back is Goldman because they are obligated to pay government off first before any major shareholder and they desperately want to pay off Warren Buffet cause his deal sucks them and his warrants are at $115.
I can buy lower when this bank's TIER 1 comes in below 3%....hell, wells fargo is 3.1% and JPM is 7%....
you really think fifth third is better TIER 1?? Noooooo
make your $ today, take profits by end of the day or mid day when you see UYG and FAS begin to head downward