US stock discussion v3, Double Bottom coming?
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 Aug 18 2011, 10:10 PM
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#1
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Senior Member
3,482 posts Joined: Sep 2007  
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QUOTE(zamans98 @ Aug 17 2011, 12:47 PM) Warren Buffet is buying more Wells Fargo since he said its cheap. IMHO, three of them not good as it used to be anymore... you'll be surprise how basel III erode the profit from these greedy banks.For me, BAC holds better perspective than C at this juncture. Buy BAC @ 6.00 for long term.  |
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Aug 19 2011, 11:53 AM
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#2
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Senior Member
3,482 posts Joined: Sep 2007
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QUOTE(zamans98 @ Aug 19 2011, 01:02 AM) but WB disagree with you and still he made tons of $ out of WFC and here we are -pointless arguing. lol,why I must agree with WB?Different people different perspective. Bank won't die overnight, that's for sure. Mega sales start again. 400 points and gold is saying hello 1818$ per OZ and climbing. Sigh, 2000$ is just around the corner. I am not arguing with you, I just want to state the basel III will erode the profit from bank all over the world. Of course bank will not die over night, but i just want to reply your response the recommendation for long term holding. again, I am not arguing with you...my replied is to aware those who want to involve in bank stock for long run should aware the existence of Basel III |
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