"The broking houses are recommending them" is that not a good time to
start thinking of selling ?
"edward von stroom" <storminalong@no-spam> wrote in message
news:97ecb322.0306030346.684a5f5a@no-spam
> > >
> > > - it is harder to change your mind - "What do you mean, sell AMP? We
> > > only bought them a week ago".
> > >
> > > Perhaps another factor is the more you talk to others, the more you
> > > assimilate the opinions of the herd. and by definition when everyone
> > > thinks it is a good time to buy, that is the top. And when everyone
> > > thinks it is a good time to sell, it is the bottom.
> > >
>
> Well at the moment it 'feels' like a good time to get into the banks.
> The broking houses are recommending them. Me as a trader 3 years ago
> would be loading up on them based on todays sentiment towards them.
> What I don't understand is that WBC hit an all time high yesterday
> despite
> -admitting the party is over for the banks huge earnings growth,
> -big write downs that may or may not be over,
> -S&P warning banks to watch out during the property deflation.
>
> Do I buy or sell?
> Today I bought bank puts.