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Originally Posted by Q-Unit
in English or layman's terms for blokes like me por favor Fish?
LOL how the hell did I come off sounding like British and Mexican at the same time?
thanks Fish, still new at this, would like to learn as much as possible.
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Sorry about that - sometimes - when I get around to posting, which aint near enough, I end up using the wall street jargon that mostly just irritates people.
As for the picks - I hope that people are picking up some GOOD financials during this subprime mess. The market rewards patience, and a company like Citigroup - the best capitalized bank stock in the world - meaning - they very stable compared to even the guys like Bear Stearns and the other broker stocks... if that goes away, you might as well start herding sheep, because the whole economy is blasted. If you see C going for anything close to 47 dollars a share, you can be sure someone threw a big fat baby out with the bathwater, and it is time to load up on your position.