Quote:
Originally Posted by Kevin
Nice call. Following the GS move would have banged ya out 8% over a few months time.
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lol - posted this when GS was at 190. Went as low as 170 or so during the subprime panic, and now we hover in the high 220s.
Not all financials are created equal though. GS is the only of the old-line brokers I would buy. Bear Stearns is another Enron waiting to happen. Morgan Stanley and Merril Lynch are not quite as bad, but close.
OTOH, I would buy any of the banks after they release earnings. They are "coming to jesus" last and this week - admitting to the losses they have from subprime. They will typically trade down a little bit after the announcement, but then announce operating earnings that still beat in coming weeks. I really like C and BAC at these levels.
Tech is always hot into the 4th quarter. GOOG, MSFT, AAPL - any of those 3 should give you a nice 5% pop or better going into year-end.
I also really like biotech. DNA is my preferred holding here - it is nicely diversified, having a better pipeline than most of it's competitors.