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Regional Banks are HOT update...



April 21, 2010 – Comments (2) | RELATED TICKERS: WBS , FMBI , FITB

I haven't given you an update on the regionals in quite some time now (Media stocks were so HOT lately that I just had no time to give you updates on anything else).

Back on Jan. 22, 2010 I had my first Regional Banks are HOT post, in which I listed 10 stocks I said I think will kick S&P's butt.

Then, I said it again in my Once again: Regional Baks are HOT post.

Not a single person agreed with me. I was even told I'm throwing darts (drunk).

Let's now take a look at the returns of these 10 stocks since Jan. 22, 2010 (that was 3 months ago):

WBS up 42.7% (up 6.5% just today)

RF up 34.8%

FMBI up 25.5% (up 7.7% just today)

FITB up 25.3%

STBA up 24.6%

FULT up 20.8%

NPBC up 14.6%

PACW up 13.3%

CVBF up 9.8%, and

EWBC up 7.6%


So that's it. All 10 regionals, all 10 with positive returns.

Not too bad, if you ask me. It looks like dart throwing is working pretty good... :)   

2 Comments – Post Your Own

#1) On April 21, 2010 at 11:15 PM, JestYourFool (< 20) wrote:

Hi, Dragon,

I think most people realize that some regional banks can be extremely risky.  It's a matter of knowing what to look for (which I don't!)

 Thanks for the tips!  And, can I borrow some of those darts?  :)


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#2) On April 22, 2010 at 12:41 PM, dragonLZ (90.07) wrote:

Jest, the trick is being drunk, it's not the darts... :)

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