7 replies to this topic

[ogm]

Maybe even under the whole financial sector. Go Warren !

[hiker]

will XLF move above yest. high? ..33.50 horizontal also looks impt.

Edited by hiker, 15 August 2007 - 09:30 AM.

[Venatici]

Maybe even under the whole financial sector.

Go Warren !

I dont want to ruin the party... I see too much high five going around. Just be carefull.

Good trading

[ogm]

will XLF move above yest. high?

..33.50 horizontal also looks impt.

Brokers are the weakest link here. But the banks daily charts look like they are making a pretty solid bottom.
Take a look at BAC, USB and so on.

But, if you look at BSC for example it hasn't made a lower low. Of course its trading at just about book value too, so no surprize there.

Edited by ogm, 15 August 2007 - 09:43 AM.

[arbman]

What did he say?

[ogm]

Maybe even under the whole financial sector.

Go Warren !

I dont want to ruin the party... I see too much high five going around. Just be carefull.

Good trading

Hey, I'm pretty happy that I'm picking the same stocks as Buffet and Lumbert. Looks like we were buying BAC and C at the same time. Of course they both can be terribly wrong buying the top quality world banks at 9 P/E with 5+% dividend yield. But makes me feel good none the less

What did he say?

He didn't say anything. he bought a big position in BAC.

And Lampert bought big position in C.

[espresso]

GS looks fantastic! it may even go a bit more down but really looks explosive up!

Edited by Espresso, 15 August 2007 - 10:08 AM.

[arbman]

Buffet is a value investor, not a market timer, although his actions are positive for the markets obviously, he probably will not care if the position goes against him some 10%...