FITB (Fifth Third Bancorp) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : FITB (Fifth Third Bancorp)

FITB 42.15

+1.5%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ron Kory who wrote (35)	7/1/1997 3:12:00 PM
From: Ross	of 68

Ron, <<As a short term trader I can't imagine that there will be too many low risk entry points (on the long side) at this time.>> I keep telling that to myself. I really feel this market is extended, but simply cannot deny the fact that it keeps going up.. <<I also made some money on HBOC--by my standards I was very patient and held it from 50-65. I think they are a great company and they are so much bigger than anyone else in that sector. They are the CSCO of healthcare information systems. I wish the market would correct so I could buy it again!>> I like this stock very much also. Notice the bounce today? I sold most of my position a few days back and was hoping for some pullback also. That is what makes this market so difficult. This could be short covering but also there was a recommendation. What to do now? Hmmm. << I noticed someone tried to take credit for RENS and you stuck up for me (not that I need that but it was nice all the same). Those stocks have also been phenomenal.>> Yes, you have had some incredible picks.. Your analysis is very good.. <<I have been involved in a spirited debate involving PTEK which I have soured on fundamentally but which may be tracing out an extended wave two correction prior to wave three. You may recall we counted (well, you counted--I guessed) five waves up and now the stock has gone sideways for almost two months.>> With sideways moves I start to loose interest. I like PETK but am not involved now.. <<P. S. Will gold ever bottom? Isn't this the ultimate contrario play?>> I have decided to be the contrarians contrarian. I only trade ABX and still see some weakness ahead. I have a target, short term, of 18 1/2 it is now about 22 1/2. I watch this closely and could change quick, but nothing yet to suggest upside potential.. The goldbugs are really getting discouraged and this makes your comment, "isn't this the ultimate contrarian play", interesting.. But, like trying to pick most bottoms, they always seem to go lower.. Ross

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next