Hank's Small Banks

[10 bagger]

Small Banks and the markets...

For the first time i have noticed that there have been no movements in the trading of Small Banks... The earnings reports while strong by industrial or servvice companies have not been robust when compaired to other fast growing small banks.. I have sold out positions in PKBK,, PSBC,, ANCX,, FNRN and SAVB... All indications appear even though I sold nothing has occured in those markets.. ANCX is located in the Wash DC market and is one that i was always worried about.. My trade of buying on the secondary announcement and bringing my cost basis down has actually resulted in a no win or loss situation on the position...PKBK was sold at a $1720.00 loss and even though earnings appeared solid the management was not honest in thier headlines of PKBK's earnings release...PSBC and FNRN,, both Calif, were sold as that market seems unreliable at best in reporting future earnings... So in the past few days i have lightened up my in position while only buying one new,,, CSQB.. Mike brought it to my attention and it has the required screen to qualify in my portfolio.. I made my first purchase today of 888 shares at $25.50... The lightening process was due to my screens being tightened a little bit and no positions were granfathered...hank