Saturday, January 17, 2009

It is logical

that bank stocks have been hit hard, but the fear of nationalization and the acceptance of no dividends doesn't mean owning them is invalid.

If they were to shoot up in value, which I hoped they would, then there would be a nation of envy against the financiers and government. So, realistically, it is better to have investors build up fear in this sector and the value slowly rise under the watchful eye of everyone. There is tremendous value as there is less competition going forward and bankruptcy minimal at this point.

I am placing a 1.95 stop on my Citigroup investment which is the LT support on it.

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