Chubby Khabob
01-04-2008, 08:22 AM
An alert on my watch went off on this. Anyone care to help me out with the potential on this?
It looks like we have a double bottom in a sector that has been writing down debt and the subprime issue is still real. I feel this is a strong sector in 2008 as I think it is very oversold. I also think foreign nations are buying our cheap debt that will cause a temporary rise in our big financial companys.
I'm looking at a large position in this for a year hold.
Need some help here. Hey, I got the pic to post!!
2426
It looks like we have a double bottom in a sector that has been writing down debt and the subprime issue is still real. I feel this is a strong sector in 2008 as I think it is very oversold. I also think foreign nations are buying our cheap debt that will cause a temporary rise in our big financial companys.
I'm looking at a large position in this for a year hold.
Need some help here. Hey, I got the pic to post!!
2426