I share your position TOTALLY. I got into the banks about two months ago. there was a really big rise on wall st (a few weeks back) and I set really high selling prices...were NOT reached so I had misgivings going into the close....sell at current (then) or not.........I did not . But a few days later, I sold out. But since the banks have gone up more. The reason for my decision........I expect the banks here to have big problems with commercial property losses........they seem to playing very hard ball with refinancing.
By and large I run two portfolios.......
(1) Short term..........
(2) Buy and Hold........still the best strategy...once this STORM is over
UGL Price at posting:
$9.71 Sentiment: Hold Disclosure: Held