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BPOP up 11% today. You can't say you haven't beeen warned...

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March 16, 2010 – Comments (6) | RELATED TICKERS: BPOP

No, you can't. 

You can't because of what was said (only 2 trading days ago)  in this post here.

However, I can't take credit for that. It was all The Volume Story. We all just needed to listen carefully...

Good Luck Everybody!

 

 

6 Comments – Post Your Own

#1) On March 16, 2010 at 4:09 PM, dragonLZ (99.33) wrote:

Correction. BPOP ended the day up 13%.

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#2) On March 16, 2010 at 4:31 PM, TSIF (99.96) wrote:

Is it volume, or NEWS.....

What is Volume?  Volume is a higher than usual share transaction. 

What causes it?   Speculation, NEWS, or rumors.

What caused BPOPS?

Does this make it a good buy, or are investors OVER reacting.?   Is the price now "baked" in or will there be more?

Stay Tuned to another edition of as "The Dragon Speaks".

Wise Oracle of Investing, or Flame/Smoke Blowing Lizard?

=====================================

 Volume or NEWS:

Smartmoney, 
http://www.smartmoney.com/news/on/?story=on-20100316-000266&cid=1244&source=TheMotleyFool&hpadref=1
3/16/10:

"According to two people familiar with the matter, the agency has hired an investment bank to try to find capital or outright purchasers for W Holding Co. Inc. (WHI), R&G Financial Corp. (RGFC), and Eurobancshares Inc. (EUBK), three banks located in Puerto Rico with almost $21 billion in combined assets.

At least FOUR companies are in the running for purchasing one of the three banks, including:

"Popular Inc. (BPOP), the island's largest bank by assets and deposits, has long said it would be interested in consolidating."

The three banks hold almost 30% of Puerto Rico's $62 billion of deposits, and their bank subsidiaries are operating under enhanced FDIC scrutiny.

==========================

Read more: CORRECT:FDIC Seeks Buyers For 3 Puerto Rican Banks - Sources at SmartMoney.com http://www.smartmoney.com/news/on/?story=on-20100316-000266&cid=1244&source=TheMotleyFool&hpadref=1#ixzz0iNCerJvS

 

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#3) On March 16, 2010 at 11:39 PM, dragonLZ (99.33) wrote:

My answer to your comment above is the first sentence of my last reply to your WNC pitch. Just replace 3,100 containers with "bank consolidation" (or something along those lines).  :)

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#4) On March 16, 2010 at 11:55 PM, Momentum21 (44.33) wrote:

DLZ - what do you make of the FEED chart? 

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#5) On March 17, 2010 at 12:52 PM, dragonLZ (99.33) wrote:

Momentum, it's hard for me to judge FEED based on my chart eyeballing method. Actually, all chinese stocks (just like pharmas and bios) are not exactly the stocks my method is best suited for.

However, FEED has a few things going for it: last four 8+% jumps were on significantly higher volume than normal, with down days being mainly on light volume. No significant dips in a long time is a good sign too.

What I don't like: there were a lot of sellers on 3/9/10 (even though FEED was up 8% that day).

I'd say it's a 70% outperform call, but it doesn't get my 100% chart eyeballing approval.

Sorry I couldn't be more specific.

Good Luck!

p.s. For what is worth, I like OKSB the most right now.  

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#6) On March 17, 2010 at 1:28 PM, Momentum21 (44.33) wrote:

dragonLZ - appreciate the thoughts...my eyeballing showed a gap up on the strong earnings followed by a quick gap fill.

China is certainly scary...lots of short interest and underperforming category lately but nothing better then a little fire fueled by intense short covering.

I got a finger on the trigger here...

Will check out OKSB 

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