AGM TRADES W/ FINANCIALS. Though it pertains to a strong agricultural sector, it trades first and foremost as a financial stock.
In the past you have made a bunch of money trading both BAC and AGM. BAC seems to have more risk due to European situation/uncertainty and Countrywide mortgage liabilities, but both remained mired in the much-maligned financial sector morass. Both have some operational earnings AND quarterly earnings offsets due to derivative losses.
Life and investing are confusing. Wade, which of these financial stocks do you consider to be a better investment at this point and why? At what price point would you buy BAC again? At what price point would you sell AGM again?
Take time to look around, even on a down day!
