BofA Boosts Banks
Bank America's decision to make a $2B equity investment in Countrywide (CFC) shows that there is value in the banking sector. I still remain cautious about the sector as a whole and would be hesitant to put money to work in the financials. I continue to hold shares of subprime lender Accredited Home Lenders (LEND).
Note: I am long LEND
Note: I am long LEND
posted by Big Ben at Wednesday, August 22, 2007
6 Comments:
Hi,
I would like to make exchange links.
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Title : Forex Blog
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Thanks
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I have been investing in BofA for over 3 years now. I have actually done it directly via ComputerShare or EquiServe. This is one of few stocks you can buy with just one time initiation fee of $10.
Chcek it out: https://gateway.equiserve.com/igwweb/content/secure/InvestmentPlans/index_plans_new.asp?PlnPage=PlanSearch&PurchOption=NSNewEnrl
sundayinvestor.com
I recently closed my positions in a number of US banking institutions. I took some pretty heavy losses and I've been considering shorting the dollar. Would you recommend using an ETF or trading the currency directly? I just opened an account with FXCM and find their platform very easy to use. How do you feel about currency trading?
I personally think that BoA is making a mistake in investing in CFC -- at least in the short term. I think we've only seen the tip of the subprime lending problem. As I've said, CFC is on thin ice, the smallest mistake or mess up is going to send it tumbling.
--Kevin
http://communityinvesting.blogspot.com
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