Time to get into ING?

[bludevil007]

Is now the time to get into ING?

Solid balance sheet.

Little to no exposure to the major bank collapses or toxic assets.

It's getting crushed today.

What do you think?

[GDFLS]

I liked it for a bit now, and I am glad I held off. I wanted to get in around 20.50...it has since been beaten even more.

I guess it is getting taken down with the rest of the banks, I am just not a good judge of how much more it will be taken down.

If anyone has any thoughts on where a bottom might come in, I'd like to hear about it!

Also the yield is looking very good!

[dmanos]

I have been in ING for years. Also have a savings account, CDs and brokerage account with them. I like the yield too and am going to fortify my position on this downswing.

[GDFLS]

Well I dipped my toe in the water Friday and picked up 25 shares at 14.75, it went right down to 13 after I picked it up! But recovered by the end of the day.

I still like this long term and have it in my IRA. We'll see what the future hold here.

[cramerica1972]

Well I dipped my toe in the water Friday and picked up 25 shares at 14.75, it went right down to 13 after I picked it up! But recovered by the end of the day.

I still like this long term and have it in my IRA. We'll see what the future hold here.not if the shorts have something to say about it.

[jacobnbr1]

I liked it for a bit now, and I am glad I held off. I wanted to get in around 20.50...it has since been beaten even more.

I guess it is getting taken down with the rest of the banks, I am just not a good judge of how much more it will be taken down.

If anyone has any thoughts on where a bottom might come in, I'd like to hear about it!

Also the yield is looking very good!


There isn't enough data base on a chart to say the bottom is in yet.

Catching the exact bottom is an art that i prefer leave to somone else.

If you use trend lines and straight lines with a couple indicators you can catch 70% of the moves safe & consistantly.

Of-course with correct money managment....

Thierry has some great videos down yonder in the "VIDEO" sections if you are unsure or need help.

All BS aside; don't try to catch the bottoms, you will stop out more often and it will only hinder your win/loss ratio.

If you are already in? Have those stops set cause this market could potentially be really REALLY BAD...

[GDFLS]

There isn't enough data base on a chart to say the bottom is in yet.

Catching the exact bottom is an art that i prefer leave to somone else.

If you use trend lines and straight lines with a couple indicators you can catch 70% of the moves safe & consistantly.

Of-course with correct money managment....

Thierry has some great videos down yonder in the "VIDEO" sections if you are unsure or need help.

All BS aside; don't try to catch the bottoms, you will stop out more often and it will only hinder your win/loss ratio.

If you are already in? Have those stops set cause this market could potentially be really REALLY BAD...

Thanks for the input! I didn't even know there was a VIDEO section...sweet I have a few more things to check out now!

I am in, only a handful of shares. Speaking of stops, ING has had suck erratic swings I would have been stopped out within a half hour of purchase and then watch as it closed up almost 2%. But your warning is duly noted!

I just wish the governments would leave the markets alone for a bit...the more they do to 'help' the worse it gets :frown:

[bludevil007]

i too dipped my toe at around 15. Good day today!

[jacobnbr1]

15 is great!

I went long ING only as a trade at 16.73 for 500.

I don't think the bottom is in the market yet but i wan't the relief rally...

Took GM also at 6.29 for 1k, same as above, only as a trade.

Im treading lightly as a Skeeeeeeerdy Cat!

[GDFLS]

Yes it was a nice day today! But you are right, being cautious is the way to go still, there is a very long road ahead for all these banks.

In my opinion, the govenments are stopping the bleeding buy doing more of what caused the wound.

But, I will take the up days when we can get them!

[bludevil007]

i agree, except ING pretty much said "we dont need the government's money". If they stick to that, and their balance sheet is solid, and the liquidity crisis is ameliorated so that the banks can lend (even good banks are getting hurt, obviously), plus no dilution from government money....i think it's a good long term play. imho

[jacobnbr1]

There isn't enough data base on a chart to say the bottom is in yet.

Catching the exact bottom is an art that i prefer leave to somone else.

If you use trend lines and straight lines with a couple indicators you can catch 70% of the moves safe & consistantly.

Of-course with correct money managment....

Thierry has some great videos down yonder in the "VIDEO" sections if you are unsure or need help.

All BS aside; don't try to catch the bottoms, you will stop out more often and it will only hinder your win/loss ratio.

If you are already in? Have those stops set cause this market could potentially be really REALLY BAD...

End results on ING closed 10% gain @18.45 ( i know too low but?)

End result for GM closed for 10% @7.40

The open stregnth was wowza but you never know + i am happy with 10%

[jacobnbr1]

i too dipped my toe at around 15. Good day today!


Did you sell this?

[madcowdisease]

If anyone wants to open an account in ING let me know. I'll shoot you an invite that gets you a free deposit bonus for opening an account.

[GDFLS]

The shares I picked up on Friday are in my IRA and is an investment rather than a trade, so I plan on holding them for while.

So long as ING keeps a solid balance sheet and pays a nice divi.

It will be sometime before the finacials get thier legs back, so I guess I don't mind the bumps for now:cool2:

[bludevil007]

GDFLS, i'm doing the same thing, except I'm actually adding to my position on these dips. I added some in the 15s, today in the 13s. This is an unwarranted selloff, imho, and i think it's a smart long term investment. plus it has a nice dividend, and when the credit markets free up (which they will)...rising tide...

they always say buy what you use/need. Well everyone i know has an ING account, i've pored over their balance sheet, i've read every news piece and whatever analyst report i can get my hands on, and it all tells me this is the time to buy. then again, im not an expert

[GDFLS]

I hear ya Blue. If I can free up some cash I would be adding to my position as well.

Any extra cash right now is going to pay off a credit card that unforyuanely had to come into play in the past 10 months for lots of vet work for my dogs.

So you feel their current dividend is safe or do you see them cutting it at all?

[jacobnbr1]

ING looking to set a bottom...

Look to enter somewhere near @ 5.00 .. Yikers! thats 50% :o

[bludevil007]

Wow, well i must say this came out of left field....

Kinda stunned.

How did you pick the $5.00 entry point?

GLDFS, up until today, i would have told you i thought it was safe.

[jacobnbr1]

Wow, well i must say this came out of left field....

Kinda stunned.

How did you pick the $5.00 entry point?

GLDFS, up until today, i would have told you i thought it was safe.

The charts say so is how i picked 5.00....

The only thing you can "HOPE" for is some type of frenzy to get it higher...

Rest asured, it has a date with the five-o bandit ;)

[GDFLS]

Yikes, so much for my bright idea
http://us.ft.com/ftgateway/superpage.ft?news_id=fto101720081701307053&referrer_id=yahoofinance

I guess the dividend will be cut, Five buck bottom you say? Guess I got in WAY too early :dong:

[amvl]

http://online.wsj.com/article/SB122443658892147975.html?mod=yahoo_hs&ru=yahoo

[bludevil007]

http://online.wsj.com/article/SB122443658892147975.html?mod=yahoo_hs&ru=yahoo

it's up 32% right now. Not bad if you bought in Friday.