traderboy

Wells Fargo: Being Bearish Paid Today

On the same token if the banks clean up their mess soon then
suddenly they start making LOT $$$ than u think.

They are already increasing the credit card fees, interest
to unprecedented levels.

By the time people realize they may shot up to the roof.
(Not in a day or week or month though :(- )




On Dec 01 06:31 PM tshk1221 wrote:

> Due to the unprecedented and historic real estate and credit bubbles
> built up massively for the last 5 years, bank stocks are still expensive
> in consideration of their earnings and risky business nature. My
> guess is their stock prices should drop by another 50% at least to
> attact buyers, which translates into P/Es of 5 - 6 with a lot higher
> EPSs.

Two Appealing Buys

Its ok to buy if u dont care if it goes to 80's and 300's
in the near future.
( i meant margin calls :)- baby)