Replies to post #438 on Dearborn Banc Corp fka DEAR

[alfaspider]

Very true about DEAR. May go back in for some more if it drops a bit . Keep reading about book value- so must be ready to rise when things recover?

GRAN is in NC- sort of depressed area - mostly furniture factory and home loans? so bad loans on both fronts. Have played CASB for a nice pop, and have GRAN position on profits from other trades so can wait. Volume on GRAN is very low so have to wait for pops if they come.. Seems most bad banks have already failed, so might be a matter of time till system starts working?

Have moved mostly into oil and energy areas for next few months to see ...