New Breakouts: Banks
I’ll be out all day tomorrow, so here are some names for you to check out if you want to play some banks that are breaking out.
Anchor BanCorp Wisconsin Inc. [[ABCW]] , Banner Corporation [[BANR]] , BOK Financial Corporation [[BOKF]] , [[CBON]] , Central Pacific Financial Corp. [[CPF]] , Community Trust Bancorp, Inc. [[CTBI]] , First Midwest Bancorp, Inc. [[FMBI]] , Heritage Commerce Corp. [[HTBK]] , [[PCBK]] , PrivateBancorp, Inc. [[PVTB]] , Sandy Spring Bancorp Inc. [[SASR]] , Sterling Bancshares, Inc. [[SBIB]] , [[SCBT]] , Texas Capital Bancshares, Inc. [[TCBI]] , [[TONE]] , UMB Financial Corporation [[UMBF]] , West Coast Bancorp [[WCBO]] , [[WFBC]] , and Wells Fargo & Company Wells Fargo & Company Wells Fargo & Company Wells Fargo & Company [[WFC]] .
You’re welcome.
Please allow 5 - 7 business days for your invoices to arrive in the mail.
Disclosure: IÂ own TCBI and WFC in my long term portfolio.Â
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Egregious.
You are really feeling your oats now, ain’t you, sonny?
August 12th, 2008 at 1:11 am[...] The difference now is that a LOT of sectors are working, even [shudder] banks. [...]
August 12th, 2008 at 1:41 amthere must be something psychdelic in the oats he is eating Fly
August 12th, 2008 at 8:56 amEvery time you get cocky like this you get punked.
August 12th, 2008 at 11:00 ami was wondering how long it would take someone on this site to notice ABCW.
i didnt mention it, cuz then i would feel guilty when this (local to me) lightly traded issue got some visibility and got “DSL’ed”
careful though - its Mayberry all up in here (not an exaggeration). conservative (in all respects) would be an understatement.
methinks odds are very high its a “baby with the bath water” thing.
August 12th, 2008 at 2:26 pmBAC looks like its heading straight to 27.80…. have to see what the volume is like at that point.
AIG looks like it wants to test out the hogh teens again.
the banks are not the place to be long at this juncture IMO booked profits on the up ove and am now playing the SKF.
Also started too nibble at QID and TWM today….I expect the marekts to roll over next week.
August 13th, 2008 at 10:44 amBuy the banks! Now! (before it’s too late)
(Disclaimer: Not a recommendation to buy any particular securities. Just a warning: e.g. we’ll kill you if you don’t)
August 13th, 2008 at 11:08 amHerr Bernanke & co.
Your broke.
August 13th, 2008 at 11:15 amGoing long banks at this juncture?
Did you bring back some odd toadstools from your Alaska trip, or have you been co-opted by Bernake and company?
__
August 13th, 2008 at 11:51 amI hope Alpha is OK, probably just busy.
August 13th, 2008 at 11:56 amJake,
Your feet smell. Change your socks.
I’m just pointing out the breakout in banks. The sentiment in the banking sector has gone from a bullish percent reading of 8% in early July to 46% currently—-all amidst such negative news. Apparently, the media is reporting one thing, and investors are doing another. An oddity, if you ask me. Go figure.
A lot of people have missed this move. That said, it is starting to get close to mid-field, so a good part of the move may already be behind us.
boca,
August 13th, 2008 at 12:04 pmI’m ok. Just took the day off yesterday to go rock climbing. I like to play with danger every now and then.
Cool about the rock climbing/danger thing.
August 13th, 2008 at 12:08 pmFace your fears in life, whether rock climbing, jumping out of airplanes, or swimming with sharks—-that’s my philosophy. We all have them.
So often, one finds that his/her fears are, as Mr. Spock would put it,…illogical. That discovery is empowerment, with a capital E.
August 13th, 2008 at 12:21 pm