First State Bancorp (fka FSNMQ)

[TheInvisibleHand ™]

TONY, just hold long and strong and you should make nice. Perfect time to collect. Hey the book value should be near 4, anytime we can buy at such a discount is called good investing.

I have done my homework Hold Long and Get Stronger. IMO

BTW that link Tom posted, IN MY OPINION<> the bill will pass and that would mean around 10 mil right to FSNM. REMEMBER THE ONLY PROBLEM ON CAPITOL IS THE HOLDING COMPANY 2/3 REQUIREMENTS TIER 1 THE BANK REMAINS Adequately CAPITALIZED

"First State said at Sept. 30 it was considered undercapitalized as per its Tier 1 leverage ratio, while First Community Bank's status fell to adequately capitalized.

First Community Bank had been considered well capitalized as on June 30, following the sale of its Colorado branches to Great Western Bank, a South Dakota-based subsidiary of National Australia Bank (NAB.AX)."
http://www.reuters.com/article/marketsNews/idCNBNG52554520091102?rpc=44



You got the right attitude hang tight, 5 bagger first then 10 sounds good to me but lets keep patience and go one step at a time. If company does a buyout Im sure we would see near that 5 bagger when considering current book value around 4 now.

Also something just to ponder, lot of talk of regional banks maybe getting some access to other forms of capital like the big banks got and paid back. When the crooks want to end the self induced credit crisis, we might look at that as another catalyst.


WHILE IM AT IT WHEN ARE WE GOING TO SEE THE UPTICK RULE BACK< EVERYONE WAS CRYING FOR IT WHEN THE DOW WAS 6500 did everyone forget, did you see the dow today what a wild manipulated ride as well as the idiots and crooks bid whacking fsnm down with 100 shares. We should rejoice at the bargain we are getting it wont matter soon, its not were we are at now its where we are going.