Time to Short Banks?
Time to short banks due to this mortage f up? bac looks nice but already down 4% still room to go down further? y/n
opinions pz
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You can't short your cake and eat it too. Just sayin...
Missed out on this one
http://www.google.com/finance?chdnp=1&chdd=1&chds=1&chdv=1&chvs=maximiz…
:(
I wouldn't touch any of them. They got crushed the past few days, and most are likely a BUY right now at the depressed levels. Except BAC, they will get hammered by this due to servicing somewhere near 40% of all mortgages in the nation. Also, most have earnings next week. I know C, BAC, and WFC, so they should have guidance on the conference calls and transcripts. Listen to them!
Short them. There is a long way to go.
Buy puts on BAC.
only risk here is if they post big numbers on the 19th and it is currently - 30 pe ratio lolz
BAC will not have big numbers. Late last week they had a spike in puts on they stock.
Maybe, but will the write downs be shown in this quarter report or next quarter?
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