iStar Financial Incorporated (SFI)

[Trader0327]

You are new to ihub and your first posts is here?

Well let me be the first to welcome you!

Not sure if I am the one to ask about buying SFI as it is one of my personal favorites for the past two or three years. Have flipped it many times for profit. Now I hold a core position and flip the rest.

It is nearly impossible to time the market just right and SFI can certainly be a very volatile stock. The company offers loans for commercial real estate, probably not one of the best businesses to have been in the last couple of years.

That said my personal opinion is that this stock will go much higher. It had a quick run up the first week of January and then a pullback that seems to have been short lived. Support held at $3.20 this week though I thought it might even fall to $3.00. The fact that it closed green today when the DOW was down 100 points certainly shows strenght. $4.00 could be right around the corner.

SFI often has wide swings during the day.(15-20 cents) Look for a dip if you want to get in. Another idea might be to just buy half the shares you want and then if it pulls back a bit you could buy the other half a little cheaper. Don't be too upset if it retreats just a bit. Set a stop if you are concerned about big losses. The financials will be out in February. Have not yet decided if I will hold overnight when the financials come out, but we should have a nice run up until that point.

Good luck to you,
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