When to Buy?

[Ruststang]

All the banks a really hurting right now from all the mortgage money they will likely never see again. So im asking with thier stocks down anywhere from 10-40 dollars a share when is the time to pick some up? Wha mu (WM) is at 3.40 a share down from 43.00 in 52wks.

[Spektrewing386]

wait to see if any of them are going to crash, then buy the ones that arnt, but still low. but we may not have hit the bottom yet.

[AirMax95]

All the banks a really hurting right now from all the mortgage money they will likely never see again. So im asking with thier stocks down anywhere from 10-40 dollars a share when is the time to pick some up? Wha mu (WM) is at 3.40 a share down from 43.00 in 52wks.

WAMU @3.40? I am hoping its there in the morn, lol. I am buying asap.

Buy and hold, WAMU is going to survive.........but, dont take my advice, hit the papers and read!

Thanks for the drop! :bump:

[blaknoize]

^papers are slower than the internets.
hit the internets.

[BanginJimmy]

I have a few shares of citigroup I bought at about $20 a share, they have fallen further to about $16 a share, but I have no doubt that they will regain all of these losses in the next couple of years. Until then I will sit and collect the dividends I get and wait for the stock to rise.

[ironchef]

Yea citigroup is going to be fine, they're one of the most well capitalized banks in the country.

[Ruststang]

Well if you bought some WM you would have made about 1.10 a share from when i posted it also just throwing it out because im kinda pissed at myself. Carmax (KMX) went from 10.60 on monday or tuesday when i was bored checking to 12.35 currently. I know im diggin in the "danger" zones but hey they seem to be able to yield small fast gains ::wanna be day trader::

[BanginJimmy]

Citi went up $1.91 today.

[Ruststang]

Im thinking about makin a move on some of these extreme low bank stocks soon i dont think they will get much worse. WOOOTTT!!! Fair tax by the way

[tony]

Bought eTrade at $2.55, yesterday.. closed at $3.14. Also bought into a bank in Michigan that didn't jump into the mortgage rush around the same price. I'm hoping over the next 2 years when things rebound both will make it up to $10 then I'll sell..

Yesterday would have been a good day to make a move coming off the heels of Wells Fargo's news. Today JP Morgan beat expectations as well so I'm hoping for another good day.. maybe a 3rd consecutive drop in oil prices too.

[BanginJimmy]

I just purchased a few shares of JP Morgan with the cash I had in my account.

I'm thinking of transfering in another 1k or so and picking up some more. Financial stocks are prime for investment right now just so long as you go with the higher end, more established international banks.