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Crexendo, Inc. Message Board

  • pmoll pmoll Mar 19, 2005 3:54 PM Flag

    just a note

    I don't know if you guys follow Robert Drach over at Nightly Business Report (nbr.com investor education) but he started buying banks in January, after having sold everything before Christmas. Well he got clocked with Doral Financial symbol DRL, it's gone from $43 to $20.
    So I want you to do your own due-diligence on what I post. On the airline stock LUV, I personally would never buy more than 2-5% of my portfolio.
    pmoll

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    • Did Drach say why he sold everything before Christmas? I remember him as a 'buy on the dip' kind of guy who was pretty successful. I'm surprised he didn't get a chance to cut his losses on Doral.

      • 1 Reply to reifmills
      • I don't know why he sold, and I found it strange that he bought nothing but banks in January. This is the link to his portfolio....click on portfolio and scroll down.
        http://www.nbr.com/drach/default.htm
        I'm not finding much to buy myself right now and I wouldn't touch the banks. They've had a hell of a run. Same with the steels and the oils and the rest of the cyclicals and that goes for the commodities too. They've all doubled and tripled off their lows.
        And that goes for real estate too.
        Did you know that banks are buying bunches of houses in areas that they think are still under priced. I don't know who they think is going to buy off of them.
        pmoll

 
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