Banks / Financials

Question

BKPIX&#xD;&#xA;Check this Sector fund ....&#xD;&#xA;I&#x27;m waiting to buy on a dip...just not sure how deep I wanna dive in....&#xD;&#xA;When I buy it will be a long term hold.&#xD;&#xA;Any opinions?

jw11 · Answer

BKPIX&#xD;&#xA;Check this Sector fund ....&#xD;&#xA;I&#x27;m waiting to buy on a dip...just not sure how deep I wanna dive in....&#xD;&#xA;When I buy it will be a long term hold.&#xD;&#xA;Any opinions?

Forty7 · Answer

Buying Financials before the Euro is worked out is CRAZY!, If you are long term buy it on the way up after resolution. If it is a trade roll the dice when ever...i would not risk it. I am looking at Morgan Stanley after the weekend if the Euro summit is productive.

cave0707 · Answer

Agree with Forty7 here.  Buying Financials now is premature.

cave0707 · Answer

But then again I&#x27;m not a bottom fishing expert.  So good luck to you if you do.

jw11 · Answer

Thanks guys...Good luck.&#xD;&#xA;btw....I&#x27;m planning on buying in increments...&#xD;&#xA;I put 10% of the money i have saved for this venture in yesterday ....got BKPIX @ $3.98......and will wait to purchase my next portion after Euro resolution per your suggestion.&#xD;&#xA;Thanks again for your opinions guys.&#xD;&#xA;jw11

WRECKEDEM · Answer

I spent several thousand dollars buying bank stocks in the past couple of years: Bank of America, Bank of Ireland, Allied Irish Bank, Suntrust, Regions and Bank United. I plan on sitting on them for several years.

Banks / Financials

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