Hi Alton & Allen,
I've used that type of strategy before in the regional banking sector... 3 of my top trades were in WIBC, FNFG, and most recently RF- Regions Financial this year... Look for a beaten down etf, then find the lowest price(more volatility) and lowest PE stocks in the bunch... Chances are the managers are going to rotate your way as they liquidate larger, more pricey PE holdings... RF not looking that bad at the moment, but I'd like another pull back into the $7's ... may not happen with the $640 mil buyback announced... Still 100% cash here, but RF is a favorite I'm looking at...
Profit from your ideas!
