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Originally Posted by Jet Gorgon I would add a few financials in the mix |
I'm keeping an eye on them and have a couple of targets in mind. Purchasing US housing companies is something I want to do also (Toll Brothers in one i will buy i think). Problem is, just when you look at these companies and think "damn they're cheap now" a few days later they fall another 10-15% or whatever! It like catching a falling knife isnt it?
I think just nibbling away at a position 10 or 20 shares per month in companies like Citi might be a good policy. At those levels if things go Bear Stearns the losses should be minimal. Long term, its a double your money situation I feel.
Jet, which financials would you recommend?