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"I'm BUYing banks 1 lot around September Fin Index lows @ 4197 and hold.... (exit Fair Value)

I'm BUYing banks 2nd lot around Quarterly low @ 3973-4000 on Fin Index.

Question:- Why don't I hold off and BUY both lots around Quarterly
lows?

Answer: What happens if prices don't reach October lows but
only reach September lows and begin a gradual rise up in the next
Quarter into Fair Value.

Basically I want to be exposed in financials because of the view that
prices are going to swing up into the next Quarter, before they go lower
in 2009. "

6th September Premium report

~~~~~~~~~~~~~~~~~~~~

To answer your Question my view is the financials are moving back into
Fair value in the next Quarter, but it will be a zig-zag effect which
could take 3-months to get there:- The sooner the better.

However, unless you bought yesterday's September lows I wouldn't
go chasing the banks today, because I have a 'gut' feeling that banks
could still end up around 4000, as per chart below.

That my position on banks:- i'll be moving into 2nd positions on banks
around 3973-4000, but i'm already expose from yesterday.

<blockquote data-quote="Frank D" data-source="post: 337686" data-attributes="member: 4896">&quot;I&#039;m BUYing banks 1 lot around September Fin Index lows @ 4197 and hold.... (exit Fair Value)I&#039;m BUYing banks 2nd lot around Quarterly low @ 3973-4000 on Fin Index.Question:- Why don&#039;t I hold off and BUY both lots around Quarterly lows?Answer: What happens if prices don&#039;t reach October lows but&nbsp;only reach September lows and begin a gradual rise up in the next Quarter into Fair Value.Basically I want to be exposed in financials because of the view that prices are going to swing up into the next Quarter, before they go lower in 2009. &quot; 6th September Premium report~~~~~~~~~~~~~~~~~~~~To answer your Question my view is the financials are moving back into Fair value&nbsp; in the next Quarter, but it will be a zig-zag effect which could take 3-months to get there:- The sooner the better.However, unless you bought yesterday&#039;s September lows I wouldn&#039;t go chasing the banks today, because I have a &#039;gut&#039; feeling that banks&nbsp;could still end up around 4000, as per chart below.That my position on banks:- i&#039;ll be moving into 2nd positions on banks around 3973-4000, but i&#039;m already expose from yesterday.</blockquote>

[QUOTE="Frank D, post: 337686, member: 4896"] [I]"I'm BUYing banks 1 lot around September Fin Index lows @ 4197 and hold.... (exit Fair Value) I'm BUYing banks 2nd lot around Quarterly low @ 3973-4000 on Fin Index. [B]Question:- Why don't I hold off and BUY both lots around Quarterly lows?[/B] [B]Answer[/B]: What happens if prices don't reach October lows but only reach September lows and begin a gradual rise up in the next Quarter into Fair Value. Basically I want to be exposed in financials because of the view that prices are going to swing up into the next Quarter, before they go lower in 2009. "[/I] [B]6th September Premium report[/B] ~~~~~~~~~~~~~~~~~~~~ To answer your Question my view is the financials are moving back into Fair value in the next Quarter, but it will be a zig-zag effect which could take 3-months to get there:- The sooner the better. However, unless you bought yesterday's September lows I wouldn't go chasing the banks today, because I have a 'gut' feeling that banks could still end up around 4000, as per chart below. That my position on banks:- i'll be moving into 2nd positions on banks around 3973-4000, but i'm already expose from yesterday. [/QUOTE]

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