XLF, Banking and Financial Sector Stocks
- JenL_2
- Outrider
- Kirk
- Kirk
- MichaelC_AU
- dna2
- Kirk
- SteveT
- SteveT
- Thruhiker
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» JenL_2 - Inflection Point?
Nice movement in this sector lately:Am above water now on XLF and almost with BTO....hmmm - wonder if I should buy BAC and WM while still cheap. These bank stocks have been beaten down so long - Is it an inflection point or will we have to wait until the final Fed raising of rates?.....Jen
-- posted by JenL_2
» Outrider - Thanks, Jen
...for hunting this one down. I do not curently own any financial stocks (to answer your question from the "Ask Jen" thread, but have been reading up. Just looking for a non-tech home for a bit of cash. So far, I haven't found anything (in this sector and elsewhere) that is a real attention grabber.I did pick up some shares of Wrigley a couple of weeks back when it dipped to (I thought undeserved) lows on the heels of the Proctor Gamble slide. But, I had been watching that one for a long while. This sector is showing some signs of life - but I'm still shopping. Thanks for all you do.
-- posted by Outrider
» Kirk - Pretty amazing relative performance of the financial sector.
Pretty amazing relative performance of the financial sector.Our Sector Spyders, XLF, beat the NASDAQ the last two weeks!
<img src=http://chart.neural.com/servlet/GIFChart... width=450 height=250>
A nice "W" bottom here with high volume on the upswing!
<img src=http://chart.neural.com/servlet/GIFChart... width=450 height=250>
Looks like my fav Citigroup even hit the magic 20% correction level!
<img src=http://chart.neural.com/servlet/GIFChart... width=450 height=250>
I just amazes me how you can make a quick 25% by identifying a great stock and company that hits a 20% correction.
-- posted by Kirk
» Kirk - fsco - FST SEC CORP (
FSCOhttp://finance.yahoo.com/q?s=fsco&d=t
David dna2 Gratson suggested this bank, but the formatting on his signature blasted it so I moved his post to HTML purgatory.
-- posted by Kirk
» MichaelC_AU - 5% move up, Apr 3
The banks I follow went up 5% today as the NASDAQ slid another 349 pts.-- posted by MichaelC_AU
» dna2 - Wells Fargo to purchase FSCO
It didn't take them long to find another buyer. Priced at $15.50/share. (traded in low 11's when I posted). Not sure what effect this will have on our balloon, Wells Fargo has a number of balloons and pilots, but none in the Mesilla Valley. Hope it does not lead to many job losses here (they are the two largest banks). Pretty decent gain (for couple weeks) on the stock.-- posted by dna2
» Kirk - Congratulations David!
Great pick and quick return.Here is another story
-- posted by Kirk
» SteveT - Muni bond news
From BUSINESS WIRE:Top Financial Firms Partner to Create TheMuniCenter, Industry-Wide Marketplace for Municipal Bonds.
May 31, 2000-- Merrill Lynch, Morgan Stanley Dean Witter, Salomon Smith Barney, and Chapdelaine Electronic Brokerage today announced the formation of TheMuniCenter(TM), the largest web-based business-to-business marketplace for municipal
securities. Full story
Sounds like the "big boys" are working together to corner the market???
-- posted by SteveT
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