XLF, Banking and Financial Sector Stocks

Top 109. Apr 3, 2000 8:42 PM

» 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

Top 110. Apr 10, 2000 6:42 AM

» 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.

Merger

-- posted by dna2

Top 111. Apr 10, 2000 7:18 AM

» Kirk - Congratulations David!

Great pick and quick return.

Here is another story

-- posted by Kirk

Top 112. May 31, 2000 1:40 PM

» 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

http://biz.yahoo.com/bw/000531/ny_salomo...

Top 113. May 31, 2000 1:47 PM

» SteveT - Link correction

-- posted by SteveT

Top 114. Jun 2, 2000 9:10 AM

» Thruhiker - BTO

don't know if anyone has noticed, but those who bought bto in mid december at 7 1/2 ish and stayed the course are finally in the black.

i still continue to hold.

-- posted by Thruhiker

BTO, XLF, WM, BAC, S&P 500 6 MO Chart

Top 115. Jun 3, 2000 12:36 AM

» JenL_2 - BTO

Yup Thru - noticed that today - Patience Pays:

May was a good month for the bank stocks....Jen

-- posted by JenL_2

Top 116. Jun 4, 2000 8:09 AM

» Kirk - Banking Bear Boogied?

Anyone besides me notice that the 1 year Bear Market for Banking and Financial Services stocks seems to have just about ended as we have almost reached old highs?
<img src=http://chart.bigcharts.com/bc3/intchart/... width=430 height=218>

Amazing how fast the market moves.

Interesting to note that good stock selection (Citigroup, for example) can sometimes avoid a bear market in a sector.

Perhaps BTO is a good way to get in if you are late to the party?
<img src=http://chart.bigcharts.com/bc3/intchart/... width=430 height=218>

Thruhiker gave a good recommendation for BTO WAY back and it seems to be giving enhanced returns as he suggested it could! Great job!
<img src=http://chart.bigcharts.com/bc3/intchart/... width=430 height=218>

All you have to do is read this site on a regular basis and it is amazing all the little gems you get.
Thanks Thru and the others that helped highlight the buying opportunity in the Banking and Finance stocks right here!

-- posted by Kirk

Top 117. Jun 4, 2000 11:32 AM

» JenL_2 - Washington Mutual : WM...

...is another one that's been Popping - closing Fri @ 32 5/8 - up from a 22 low:

WM 1 YR Chart

....Jen

-- posted by JenL_2