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Saturday, June 14, 2008 10:11:59 AM
That's what I'm hoping will happen.
I've had my eye on the financials and this stock in particular for some time now looking for a bottom like everyone else.
The thing that convinced me to buy more than anything was the bond downgrade news and the stocks reaction to that news.All the bad news up until now has caused big down gaps.The stock handled this terrible news on big volume, and in my opinion,may have signaled a bottom.The bond news, I believe will be the worst news we can see in the short term, short of some kind of BK announcement.
With the dollar gaining some strength,we might see a little pressure on oil helping to give the general market a boost.
Hoping to make some bucks,good luck to us all.
FTD
Don't average down.
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