Under what conditions will C bounce back to above $2 region?

Discussion in 'Stocks' started by mizhael, Mar 7, 2009.

  1. LOL!
     
    #21     Mar 7, 2009
  2. I'm now trading full time. I retired as a bank manager in IT, but I still talk to my banking buddies who are still employed. On a phone call recently to a banking friend, who is a mortgage manager at Chase, I asked the same question. He chucked and said “Oh the treasury could do that easily [that is get bank stock prices up] All they would have to say to the public is they were doing a test run to move a few toxic assets from our bank to debt facility… Hee hee… You would see the biggest short covering for this bank [Chase) in its history. Heck if they moved 100K out it would do it. That’s what we all keep hearing is coming from the higher ups…”

    When this happens C will be far above 2.
     
    #22     Mar 8, 2009
  3. Illum

    Illum

    Im sure that is every banker's wet dream. Take all their bad loans and shove um on the taxpayer. Yea.. that would go over well
     
    #23     Mar 8, 2009
  4. what if the Saudi prince needs to sell a chunk to raise cash?
     
    #24     Mar 9, 2009
  5. If Cramer issues a sell sell sell recommendation...
     
    #25     Mar 9, 2009