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Jolly_Rancher » Comments » BBT

  • Rating the Top 12 U.S. Banks - From Hidden Gems to Zombies [View article]
    Take a look at insider buying in some of these shares.

    BAC - Huge significant buys over the last month Feb and Jan.
    RF - Large significant buys over the last month of FEb.
    USB - Large significant buys over the last month Feb
    STI - Large significant buys over the last month Feb.
    WFC - Large significant buys over the last month Jan
    C - Large significant buys last Dec 2008
    JPM - Two buys this Feb
    GS - Significant buys Dec and Jan.

    On the other hand there were very few sells in any of these. Pessimists love to say the banks need to come clean because we don't know what's on the books. The point is that WE DON'T KNOW. Is it possible the bankers are telling us that this latest sell-off is over done? I realize that insider buys can be a bad signal, in this case I don't thinks and wouldn't be a seller of banks at these prices.
    Feb 22 18:43 pm |Rating: +2 0 |Link to Comment
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