Comments on: Another Ugly Day http://www.focalequity.com/2008/11/19/another-ugly-day/ A Synergy of StockTock & KhronoStock Tue, 16 Mar 2010 20:33:02 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Josh http://www.focalequity.com/2008/11/19/another-ugly-day/comment-page-1/#comment-12546 Josh Thu, 20 Nov 2008 05:25:19 +0000 http://www.stocktock.com/?p=9495#comment-12546 Tom, Thanks for your valuable contribution. Every bank in the world probably has a negative real value b/c of all of the worthless ABS crap that they have on their books. In the meantime, does anyone have any TA that supports a possible move UP in financials? Fundamentals don't matter in a dead cat bounce, so I'll leave that "closer look" to Tom. Tom,

Thanks for your valuable contribution. Every bank in the world probably has a negative real value b/c of all of the worthless ABS crap that they have on their books.

In the meantime, does anyone have any TA that supports a possible move UP in financials? Fundamentals don’t matter in a dead cat bounce, so I’ll leave that “closer look” to Tom.

]]> By: tom http://www.focalequity.com/2008/11/19/another-ugly-day/comment-page-1/#comment-12544 tom Thu, 20 Nov 2008 05:06:33 +0000 http://www.stocktock.com/?p=9495#comment-12544 Citigroup may be worth $-5. Take a closer look. Citigroup may be worth $-5. Take a closer look.

]]> By: Josh http://www.focalequity.com/2008/11/19/another-ugly-day/comment-page-1/#comment-12535 Josh Thu, 20 Nov 2008 03:46:26 +0000 http://www.stocktock.com/?p=9495#comment-12535 Great post Mohan. Thanks for all of the analysis you share...it's extremely valuable to this site. Since financials have been leading this fall, when the market turns do you think they'll lead back up? I thought that they should have fallen out of the spotlight in July, but they still lead the market. Do you see that changing this time? Citigroup's tangible book value is roughly $5 and it's trading at $6.50 right now. People will rush in if it gets to book if for no other reason than it's backed by the gov't. The question is, will they go to other sectors first that have been beaten down less? Great post Mohan. Thanks for all of the analysis you share…it’s extremely valuable to this site.

Since financials have been leading this fall, when the market turns do you think they’ll lead back up? I thought that they should have fallen out of the spotlight in July, but they still lead the market. Do you see that changing this time?

Citigroup’s tangible book value is roughly $5 and it’s trading at $6.50 right now. People will rush in if it gets to book if for no other reason than it’s backed by the gov’t. The question is, will they go to other sectors first that have been beaten down less?

]]> By: Valerie http://www.focalequity.com/2008/11/19/another-ugly-day/comment-page-1/#comment-12534 Valerie Thu, 20 Nov 2008 03:40:22 +0000 http://www.stocktock.com/?p=9495#comment-12534 Good post this eve Mohan. I plan to get out of EEV in the AM. Been holding it since last Thurs and this many down dys has me a little nervous about staying short. More fed manipulation on the horizon. That's the plan for now. May reconsider in the AM. Anyway, thanks for taking the time to write this up. I continue to learn from this site. Good post this eve Mohan. I plan to get out of EEV in the AM. Been holding it since last Thurs and this many down dys has me a little nervous about staying short. More fed manipulation on the horizon. That’s the plan for now. May reconsider in the AM. Anyway, thanks for taking the time to write this up. I continue to learn from this site.

]]> By: Daniel http://www.focalequity.com/2008/11/19/another-ugly-day/comment-page-1/#comment-12528 Daniel Thu, 20 Nov 2008 02:59:23 +0000 http://www.stocktock.com/?p=9495#comment-12528 Good call being nimble. That is most important. Good call being nimble. That is most important.

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