calvo's swinging long - monday, page-2

BD - The buy, cry, hold, cry some more, average down, hope, joy, elation, sell, cry when it keeps going up then back round to buy again - HAS worked for me in the past.
And has been mentioned - some shares have just got ridiculously cheap. Now I'm all one for shorting banks - I frighten myself in the perverse pleasure it gives me - Take that you fiend - thats for the $30 overdraft fee when I was overdrawn for 5 minutes - Or the time I was stuck in Woolies and my card was rejected when your system went down. "Sorry its my bank" I insist to all the onlookers as I start giving back the groceries and you can tell from their looks of sympathy that they really believe you..
But Westpac was at $18 the other day - thats 8% + dividend return - sure they can go lower and the financial system's on the brink of collapse etc - but its better than rental/housing return right now. Banks probably not the best example but there are a heap of ridiculously priced shares even in the speccies at the moment - They certainly are lot closer to zero than they have been in a long time. You'd have to think if you bought some of them now that you would eventually be able to sell them higher - if not you then at least your grand children.