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Ouch ! NYSE down 200 !

BigAl

Gone But Not Forgotten
SUPER Site Supporter
Not a good day . I got lucky and knock one out of the park . (WABC) Tomorrow is the end of the week . Lets hope it improves .
 

jimbo

Bronze Member
GOLD Site Supporter
This one I missed totally. I made the assumption that the Mass election results would send the market up a couple of hundred. Obama has been knocking the banks forever, but the market responded negatively today. I still have a lot of BAC.
 

BigAl

Gone But Not Forgotten
SUPER Site Supporter
Hold on to BAC . You will make money . I have decided to sell WABC at $60 even though it was at $69 a year ago . I will make good money but it has a track record of falling back every year . I will pick it up again in the $30's -$40's
 

jimbo

Bronze Member
GOLD Site Supporter
I am holding BAC. I have bought it at pretty much every price on the way down. Have a couple of other banks also. I like the smaller banks. They tend to be more conservative. Was involved in a startup here, and did all right. Own a couple of West Coast banks (UMPQ, PCBK) also. Mostly I buy small banks based on knowing the people who run them. These two still look good.
 

REDDOGTWO

Unemployed Veg. Peddler
SUPER Site Supporter
I am almost back to where I was two days ago. I am satisfied, they still continue to pay their dividends, 7 1/2% average.
 

BigAl

Gone But Not Forgotten
SUPER Site Supporter
I am almost back to where I was two days ago. I am satisfied, they still continue to pay their dividends, 7 1/2% average.
Yes I have been averaging a minimum of 7 1/2 % to a high of 12 % . I ain't complaining . Been thinking of backing out a little .
 

bczoom

Super Moderator
Staff member
GOLD Site Supporter
Crash and burn... :(
DJIA down another 217 today. NASDAQ and S&P did about the same with all dipping over 2% for the day.
 
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