Silicon Investor (SI) -- The First Internet Community

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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (25365)	11/27/2006 6:27:12 PM
From: E_K_S	Read Replies (1) \| Respond to of 78742

Hi Paul - I have been averaging down by selling naked $17.50 Puts on NYB. I have also completed some tax loss sales for shares I have purchased at higher prices. This is my largest "value" holding w/ my average cost basis now around $17.00/share. I am hoping the worst is over and the company can begin to show higher earnings from their recent acquisitions and eventually from a higher long term yield curve. The bank has a larger capital base from acquired customer savings accounts. There is always a possible take out too at $21-$23 per share. The 6% dividend continues to be paid but could be cut if earnings do not turn soon. Insiders have been buying shares November 16, 2006 ( finance.yahoo.com ). They have not bought shares in a long time. EKS