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IBDvalueinvestin (99.68)

Should we buy PUTS in all banks now? Day High??

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February 26, 2009 – Comments (5) | RELATED TICKERS: WFC , JPM , ZION

Should we buy PUTS in all banks now? Day High??

5 Comments – Post Your Own

#1) On February 26, 2009 at 11:00 AM, IBDvalueinvestin (99.68) wrote:

CRAMER says Don't buy BANKS this morning.

No Reason to Buy the Broken Banks at RealMoney by TheStreet.com(Thu 10:51am)

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#2) On February 26, 2009 at 11:17 AM, cbwang888 (25.83) wrote:

COF $15 put 2.35 ask looks cheap.

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#3) On February 26, 2009 at 11:42 AM, IBDvalueinvestin (99.68) wrote:

Only problem is what if this rally is for real??this just out in realtime on headlines.

White House says no plans to ask for additional bailout funds; hopes additional bailout funds listed in budget aren't needed - CNBC

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#4) On February 26, 2009 at 11:47 AM, IBDvalueinvestin (99.68) wrote:

The puts are in the money now since I first posted about buying PUTS when the DJIA was up over 100+ points.

I just hope the gains don't get wiped out by another up start on Friday. I really can't handle anymore losses.

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#5) On February 26, 2009 at 12:25 PM, IBDvalueinvestin (99.68) wrote:

ZION Mar 12.5 Put OPRA: +ZNQOV is now at $2.10 from low of $1.75 in the morning.

Big profits to be made in PUTS of banks.

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