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Fifth Third Bancorp (FITB) Message Board

  • kleinmanstephen kleinmanstephen May 4, 2009 7:34 PM Flag

    fitb

    trying to decide to buy fitb or bac for long term buy and hold? any opinion appreciated

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    • I had the same question 3 months ago. I chose fitb because it had falling the hardest for no real reason. So far, so good. I bought 25000 shares under 2 bucks in Feb.
      FITB will recover. I figure in 6 months it will be back to 8 where it began this year. In 2 to 3 years it will be at 20, if not better. I'm being very conservative with my figures. That puts me at 500,000. dollars. I beleive it could do better, but I'll take a half of a million any day. And yes, I have patience to wait 2 or three years for that money. This company did not deserve the loses it took.
      Now for BAC, it will also turn around. Percentage wise in loses I bought FITB. Either way, if you are in it for the long haul, you will be satisfied. I'm happy now. I just wish I could wake up in 2 or 3 years from now to see where I stand. I just have to wait... and I will.
      LONG live the LONGS.

 
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20.44+0.20(+0.99%)May 4 4:00 PMEDT