G23ROCKS

Time To Start Buying Some Dogs?

BAC is the best pick of the group. I'm buying in scales over time. The CEO recently reassured Wall St. that the dividend will remain intact. But even if that is not the case for the short term, you're picking up a solid bank at a 50% discount. Writedowns from CFC are the big question mark, but this can be used as a tax write off for years to come. And if the Dodd-Shelby act passes, BAC stands to benefit greatly. There is risk, but I'm a buyer at this level. Remember, trying to pick bottom is a fool's game. It's best to buy in increments over time.

Options Trader: Wednesday Outlook

I enjoyed the article. I agree on the unsustainability of $120+ oil. Why doesn't Bush just release some of the Strategic Oil Reserve to flush the speculators out of oil?... Without a serious correction in oil prices, the legacy carriers may face BK again.