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Huntington Bancshares Incorporated Message Board

  • bullvsbear6 bullvsbear6 Apr 28, 2009 9:01 AM Flag

    careful guys still hang back-back test the lows or lower

    the news just keeps getting worse is will continue to pound the market. the only reason the numbers on stocks went up was the pumping from bloomberg and cnbc getting only pumpers on the news and left out bad news. that didnt help .more declines coming and making them look really bad.

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    • Spot on. Recent bump comes from small investors, not institutional. Until the latter begins to commit, the market will fade. The banking situation remains a crisis. Lending at a stand still, uncertainty over banks' health. FAZ looks good for the near term.

    • Personally, I wouldn't hold back at all. I fully realize there are many on this message board who are constantly trying to play the ups and downs and spend alot of time counting pennies.

      For the rest of us, those value investors who buy and hold, there is no reason to be concerned whether we are buying more HBAN at $1.00 or $10.00 per share. Anywhere in this range is a good price well below its actual value in the range of $12 to $15 per share.

      For the longs, (I guess I am in this category since my initial holding period is forever), buying more HBAN is like being a kid in a candy store with all the candy on sale.

 
HBAN
9.90-0.01(-0.10%)Aug 26 4:00 PMEDT

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