phubaiguy

Banks Are Not Reaching Bottom - Meredith Whitney

It's not the perfect bank I'm after, it's the ones whose stocks go up. She surely would have advised against C at .97 and BAC at 2.62 but if I'd put $50k in each of them then I would have $331,000 profit by after hours tonight. In OZRK, a perfect bank, I would have $50,000 profit from a $100k..which includes wow a $2.06 gain in after hours today..record profits this quarter! This looks like a week for banking both good and not perfect or listen to Meredith and forego the profits this week. In the long term she's probably right but in the long term problems are fixed also and C will no longer be a $4.00 bank stock.