If SWS is overpriced as you say at 58, with a PE
of 26, and a forward PE in the low teens, then EGRP,
AMTD are lost in space. SWS is not overvalued by any
stretch of the imagination.
It is obvious you are
shorting this stock or better yet, wish you had.
When SWS was hanging in the low 80's, a full
service porker friend of mine said the trend on SWS was .
. . if it drops to 72 it will be 67 in a few days.
If it drops below 67 look for 62. If it can't hold
62 look for 52. HOWEVER, he said 52 should be the
bottom. Then look for 80's again by August. Said it was
classic scenario. Numbers on company strong. Joined at
the hip to NITE which is down to 101 from 160. Do the
math. 52 may be just around the corner.
...Honey, the trick is to get BACK in at the
BOTTOM. I'd start with 58 if I were you. Check the EBAY
and AMZN boards, they are over there calling online
brokers and marketmakers of netbrokers "our competition".
Meaning, money is heaed from there to here-- into SWS NITE
JWG ITG and SIEB. Time to "Bail In" not "Bail Out".
Good luck at retirement babe.