Based on the over bought bank stocks this week. The banks leaked the news to downplay the negativity of the stress test. Not sure we will recover past 6.3, but I reccomend the sell after 6. Im in at 6.4 10,700 shares...Yes Im pissed. thought about kicking my dog.
your dog didnt screw you, the band wagon, illogical, buying frenzy bank investors screwed you. Kick them. Kick Michael Vick. Dont hurt the dog.
I'm in at $5.53 with a May 5 sold against for $.83 pennies. I just wanted a fast five or six day snatch and grab for a grand.
There's a chance we cringe in the market all the way up to 5PM when the stress test is released.
But before we see $6 again, we may just flirt around $4.75. I'm really pissed also, but let's see what happens.
By Monday, that call should be near parity. Just have to see.
Good Luck to you. Im holding FAZ long. I have no confidence in the banking industry and we have not seen the bottom of the housing mortage scams.
I bought 3000 @ 5.16 in AH. I agree.
Lucky you.. I thought I had found the bottom at 5.85, then 5.80, then 5.55..pissed... all loaded in.
and it was at 5.80 this afternoon