Dont give up FAZ holders just yet. This will dilute Goldman by AT LEAST 10-20%. More banks will soon follow while their share price is at a high. http://finance.yahoo.com/news/Goldm...html?sec=topStories&pos=5&asset=TBD&ccode=TBD
I just bought a few shares after hours (10.80) as a long term hedge for my long bias portfolio. At 10 and under, it is priced like an option. I also have a crapload of treasury bond calls that I've been butchered on all week. Somehow my gut tells me the market keeps moving up. (despite my short term portfolio being biased for some fear and correction)
How do you interpret these charts? http://stockcharts.com/charts/gallery.html?$OEXA200R http://stockcharts.com/charts/gallery.html?$OEXA150R http://stockcharts.com/charts/gallery.html?$OEXA50R
If the truth be known, I started this thread back in December and there have been two monster runs since that time. We may just have one more run... We may just have one more monster run to go. What if a few more banks announce over the weekend that they too will be diluting their shares by 20%? This thing could flip 60% or more in little time... Better then trading solar...