Skf

Discussion in 'Stocks' started by otcstockfund, Aug 27, 2008.

  1. Pretty clear hint today that SKF gonna trade near 200 again in a few months

    http://online.wsj.com/article/SB121977767814673649.html?mod=hpp_us_whats_news
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    "Federal Deposit Insurance Corp. Chairman Sheila Bair said Tuesday her agency might have to borrow money from the Treasury Department to see it through an expected wave of bank failures."

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    Small bank failures such as last wks will take a long time to draw on FDIC reserves, but bigger fish such as WM, NCC, WB will require borrowing from the treasury, why prepare to borrow unless there is a good chance its going to happen

    **Disclosure**

    I already own SKF and may add more soon
     
  2. tdadlani

    tdadlani

    It will get past $150