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Strategies & Market Trends : Value Investing

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To: rllee who wrote (43450)7/20/2011 3:42:55 PM
From: ValueGuy  Read Replies (1) of 78673
 
rllee

apologies, i was referring to the post that was made on www.distressseddebtinvesting.com, imo a good site to get ideas as the authors have done their homework.

Pointing out to this recent buys, he seems to have bought the Jan 2013 15 Calls over the past few weeks, seems optimistic on the upside after all the uncertainty over euro and us debt are gone.

I don't tend to invest in ETFs unless i am truly comfortable with the long term fundamentals eg GLD, SLV (though I must admit I do take a bite out of AGQ from time to time for very short term gains), and I mainly use them as a hedge for my overall stock portfolio, so I'm afraid I can't comment on XLF

Disclosure: Long BAC (small position) and BK (questioning this move now as Moody's warned that they might put this bank under possible downgrade as a direct effect of any impasse over the us debt ceiling, though i suspect it will be more than BK that will suffer!). Don't do many leaps now as got burnt on some APC and F leaps. I'd rather sell options nowadays
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