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Re: Tony Jeletonev post# 22196

Tuesday, 03/09/2010 11:13:24 PM

Tuesday, March 09, 2010 11:13:24 PM

Post# of 23113
Tony, sorry for late response.
Im busy working away new place.

I am not in FSNM traded my way out on the last big pop after averaging in. After trading another regional bank successfully then getting kicked in the nuts with another FDIC bank seizure, I'm avoiding the bank plays until the FDIC is abolished, except for wamuq lol=]. However with that said, I always hoped FSNM would survive and one day be a 10 dollar stock again, it has one of the highest net operating margins of regional banks and is in a state where the economy is doing better then national average. However, when they can go and steal banks like wamu and they predict many more regional banks to go down this year, its hard for me want to play right now. Where there is risk there is reward and the chart does suggest a nice pop coming, I just cant hold for more then a day trade under these market conditions.

You know where I am send a email , im whatever
if you need anything
cheers-
go wamuq

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