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Strategies & Market Trends : Calls and Puts for Income -- Ignore unavailable to you. Want to Upgrade?

To: Bridge Player who wrote (995)	7/22/2007 7:57:35 PM
From: dealmakr	Read Replies (1) \| Respond to of 5891

Hi BP, The safety aspect of bank stocks really depends on which bank you look at. IMHO you have to be a stockpicker there do a lot of reading (SEC filings and other FDIC etc.). I am watching quite a few east coast regionals going to the slaughterhouse over the last 6 months or so and some deserve the new valuations, but there are some opportunities to aquire a position when they shoot em all and have god sort em out. Citigroup isn't one that I would play myself at this time from the nekked put side as I see a possible H&S showing up in the charts from March-July timeframe with neckline at about 51 and top at about 55 and am still fairly bearish on the larger money center banks and market in general, but thats just me. Dividends after going up and up for quite a while on bank stocks could be under pressure on some of the more financially challenged banks, especially the ones that aren't earning the dividend. So it makes for some fun times at trading. Here are 3 that I follow and would only buy 1 long term, but would scalp the rest. Take a look at these and see which one you would own, if you have some spare time. None are optionable, but the SEC filings give you a window into the banking business. HNBC TRST AROW