Any stock that drops 80 in a single year is a good buy.Hahahahahahahahahahahahahaha
Prior the german investment-guru is saying DB is going to 5 Euro!Ciao
No, it is not a good buy. It is a short if there ever was one. They are 60x leveraged! All the policy moves from the finance ministers aren't working (pushing on a string).
On the other hand, they are a bank (or so they say) so they have to be leveraged, almost by definition.
They are not levered 60:1, more like 40. The tone of this article sure isn't one of impending doom for DB.http://www.efinancialnews.com/usedition/people/content/3352289050
Here is what's going on with DB:http://www.bloomberg.com/apps/news?pid=20601087&sid=a8zYbqrxQTn8&refer=home
Yeah, I saw that yesterday. 400 Mil is chump change these days, something else is going on.Thought I was getting a good price at $32 yesterday, doh!
Senor Mucho,It has lost over 60% in just the last month. If you have been short, then kudos, but do you have an opionion as to why it's taking a pounding of this degree?
To be serious, I was short, covered around 35.I'm thinking about going long, but I am trying to figure an entry point. I don't think that the German gov will let it go under, so going long seems to make sense.