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TMFAleph1 (96.59)

Bank Stocks: You're Missing the Boat

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January 13, 2012 – Comments (3) | RELATED TICKERS: BAC , MS , XLF

1 Contrarian Call Worth Heeding

Alex D

3 Comments – Post Your Own

#1) On January 13, 2012 at 3:50 PM, Teacherman1 (28.03) wrote:

Here it is a Friday of a basically "sideways week", followed by a 3 day weekend, led by an S & P downgrade of "the whole world", and I'm buying. Is that contrarian enough for you. :)

I like banks, shipping and energy (both O&G as well as some alternative).

I have one guiding principle that I try very hard to follow (after doing my analysis of course), and that is to buy low, lower, lowest.

re: your linked article, the last "big killing" I made on BAC was when I bought at $5.00 in early 2009 and then sold for a 232% profit in December of 2009.

Things looked pretty bleak then too.

I now own them at that same price.

Just a thought.

Hope we all have a better week next week and "forward into the fog".

That's an old Austin expression from my misspent days of long, long ago at the Armadillo World Headquarters.

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#2) On January 13, 2012 at 8:43 PM, TMFAleph1 (96.59) wrote:

Hope we all have a better week next week and "forward into the fog".

Personally, I'd prefer a worse week next week. If you're a net buyer of stocks, so should you.

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#3) On January 14, 2012 at 1:09 PM, Teacherman1 (28.03) wrote:

In general you are right, but sometimes I "overbuy" in order to lower my start price even more; so I like to see a short term "upward surge" in the market over all, to allow me to sell off my "extra" shares in a given stock, so as to be ready for the next downward buying opportunity.

While I am basically a "longer term" investor, I tend to be a "shorter term" buyer, if that makes sense.

Keep posting your great articles backed by "real" analysis.

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