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S&P 500
5,346.99
(
-0.11%
)
US TECH 100
18,490.00
(
-0.24%
)
Dow Jones
38,798.99
(
-0.22%
)
Brent Oil
79.40
(
0.00%
)
Bitcoin
69,485.51
(
0.22%
)
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illegal_alias

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Re: 56Chevy post# 14

Thursday, 05/30/2013 4:42:41 PM

Thursday, May 30, 2013 4:42:41 PM

Post# of 175
56Chevy, to build on your comments, I recently listened to an interview with banking analyst Dick Bove on buying and selling strategies to make $$ in banks. http://finance.yahoo.com/blogs/talking-numbers/bove-best-strategy-money-bank-stocks-134323185.html?vp=1

Of course, he was talking about the bigger banks but the gist of his formula is to buy at no more than 1.5X BV and sell at 2.5X BV. That would mean buying below 0.057, close to what the investors paid and supports your argument.


...take a little trip, take a little trip, take a little
trip with me...

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