Use access key #2 to skip to page content.

Varchild2008 (85.29)

Inside the MIND of a MOTLEY FOOL Stock Investor...

Recs

2

March 18, 2009 – Comments (4) | RELATED TICKERS: BAC , C , MS

Motley Fool Investor (January 2008): "oh golly oh gee.. Jim Cramer's on..."

Jim Cramer
"Stay out of the BANKS!!!!  The Financials are going under!!!!  It's a Shipwreck!!"

Motley Fool Investor:  "Bah!  I'll just dollar cost average slowly into Citigroup and Bank of America."

Jim Cramer's 'Am I diversified'
"You're supposed to diversify!  You are going to get murdered!  Can't have 2 stocks in the same sector in a 5 stock portfolio!!"

Motley Fool Investor:  "Bah!  I'll pick up Morgan Stanley, JP Morgan, and M & I Bank while I'm at it and Dollar Cost Average those as well."

November Lows 2008
Motley Fool Investor:  "Oh golly oh gee!  Look! Morgan Stanley at $9.00!  Citigroup down to $3???  Bank of America is at $13?    BUY BUY BUY!!  Stocking up big time!"

Jim Cramer 
"Those of you holding onto Bank Stocks should dump them and throw the money into a market leader instead like Research in Motion or Hewlit Packard!  Or Caterpillar!"

Motley Fool Investor:  "Bah!  I'll just continue to dollar cost average the now 5 BANK Stocks I own in my 5 stock portfolio."

Motley Fool Investor:  "Woaw!!! DOW at 6500!?!?  Citigroup at 97 cents??  Wow this is fun!!!  I'll buy 1,000 shares of Citigroup for less than an ATM Fee!  I'll take 500 more shares of Bank of America for less than $3 a share!"

MARCH 10th through Present Day

Motley Fool Investor:  "Citigroup, Bank of America, JP Morgan all in my portfolio along with Morgan Stanley and Marshall and Isley.  They are coming out today proclaiming profits!!"   


Citigroup up at $1.50!!"   *orgasm*
Citigroup up at $2.50!!"   *orgasm*
Citigroup up at $3.50!!"   *orgasm*

Motley Fool Investor:  "Gee should I sell?  Wait.. I don't retire until I'm at least 55... I got 30 years.... So... Nah!....I'll just HOLD and LAUGH my *SS off at all the Naysayers that flooded Motley Fool with DOOMS DAY scenarios."

4 Comments – Post Your Own

#1) On March 18, 2009 at 2:30 PM, shffl (< 20) wrote:

o-o interesting, ru still holding on to them?

Report this comment
#2) On March 18, 2009 at 2:56 PM, Varchild2008 (85.29) wrote:

Err.. Was talking about myself...

On the contrary... I do own 1 bank but I bought into Bank of America at the beginning of this crazy rally.... BAC at $5.35:-)

Report this comment
#3) On March 18, 2009 at 2:57 PM, Varchild2008 (85.29) wrote:

Dangit.. I meant that I was NOT talking about myself...
Just a generic, fictional, Motely Fool investor using David and Tom Gardner's market strategy to the extreme.

Seriously though.. Imagine if you had a 5 Bank Stock portfolio and were totally dollar cost averaging it since 2008?  I think you'd be floating high today.

Report this comment
#4) On March 18, 2009 at 6:59 PM, TARPedBanks (< 20) wrote:

"Imagine if you had a 5 Bank Stock portfolio and were totally dollar cost averaging it since 2008?  I think you'd be floating high today."

Only if you picked the right five.  If you bought a bank basket at the start of the year, you could be with me near last place in CAPS.

Report this comment

Featured Broker Partners


Advertisement