Wednesday, June 25, 2008

USB


5196 5175 5139 5082 SPI 5303 5325 5360 5418
13634 13571 13469 13304 n225 13940 14002 14104 14269

I got a lot of warnings and information, from subscribers/readers, related to USB purchases of mine. It is all legitimate. It is clear that banking industry is in a bad shape. Now, to my style of investment. I will take the investments in companies that I think will survive, even in the worst group. USB is not in as bad of a condition as many bigger banks are. Not all banks will go belly up, if any , until we have FED stealing from SEINIORS and giving to banks. Yes they can go down in price, as they have done. Off all the bigger banks JPM and USB behaved, best. If they show signs of cracking too much I would throw these investments, otherwise I buy 10% of Bank allocated banks on every 10% decline in what I perceive are the best behaving banks. That is very simple method for somebody that beyond basics does not really want to read fundamentals. They are not for my style of investing while trading. Most of the time these things rise and sell them with profits and if they do not, I just collect dividends, until I think these guys could be cracking. Then I will bail out.
6516 6497 6467 6417 DAX 6608 6626 6657 6706
3391 3378 3356 3322 ESTX50 3455 3468 3490 3525
I would like to thank our subscriber from DOWN under Dear F. for being vigilant and discovering our screwup. We have just resend the DailyUpdate(:-

13 comments:

Blaine said...

Hi Boris,

Regarding JPM, they have the biggest derivatives book known to man. And they just picked up Bear Stearns' derivatives. JPM stock was terrible in 2002. Lots of rumors of their derivatives book blowing up back then. Just something to think about as the past is prologue... Except now they have a $30B Fed guarantee. Could help. But that's just a drop in the bucket to their derivative exposure.

Blaine

boris said...

Dear Blaine,
All of thes facts are know long time now.

By putting more in the hands of JPM could actually make them less vulnerable ( too big to fail?).

So, there is always many ways to look at things Dear Blaine.
I am not really that stupd that I do not read anything fundamental, but I had worked out some cynicism towards all of that.

By all means monitor all one can, but , there is no need to enter a perpetual fear, of anhthing, including derivatives. They can make money , you know...

Good Trading

Blaine said...

I agree with you, Boris. JPM offers opportunity when fear is high. I bought JPM in 10/2002 for $16 and dumped it for $24 in 11/2002. Can we do that again? Sure. The dividend was high back then, too.

sharon said...

Dear Boris and all

No doubt we are in the period that creates wealth opportunity. I mean some stocks return to early 00's, some to 90's and some even to 80's.

If we look on the financials compared to tech, I think tech has the upper hand considering time cycle.

When there is a crisis in markets, the bubble major factor needs more time to return its credibility. NAZ in its 2007's top was still under 50% of its value before tech bubble exploded. Therefore I think we won't see the BKX in 2006-7 levels for long time, but we can see the NAZ above 3000 and even 4000 during the 2009-2011 since developing countries want more!

As late 90's developing countries want better food and houses, by that boosted commodities. In the future they will need iPod, blackberry, robust computers, IT services and here you have the NAZ revival. Add it to the rising prices of transportation (with is anti-communication) and we might look on the next winner.

Now the conflict is whether to chose a winning horses such as CSCO, APPL, INTL, GOOG and RIM, or bet on the all gang – the Q.

Sharon

sharon said...

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John said...

Boris,

Good morning

old john

boris said...

Dear Sharon,
Great comments.
I think TECH could be more than just a better investment, it could be the ANTIOL investment.

Why travel when you can teleconference fo 1000th of the cose. It amazes me.

Good Trading

boris said...

Dear Readers,
Please note that DailyUpdate has been resend.

Simply we made another SCREW up and send the older one instead first time around.

Please note the correct version hs CORRECT in the title
Good Trading

boris said...

Dear John,
Good Morning to you as well
GOod Trading

Wanderer said...

Dear Boris,
Good morning.
The markets continue to provide us with wonderful opportunities. Thank you for your indicators and commentary.
Have a great day.

Bert

boris said...

Dear Bert,
That is a correct attitude to see the events as opportunities.
Otherwisw one can go crazy.

Thanks for putting the measure of sanity in our day(:-

GOod Trading

boris said...

Dear Bert,
That is a correct attitude to see the events as opportunities.
Otherwisw one can go crazy.

Thanks for putting the measure of sanity in our day(:-

GOod Trading

boris said...

Ok MDS and Daily UPdates are fresh
on the Portected.
Please note that Not much changed in other parameters of the CHECKLIST, which I hope to post soon
GOod Trading