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

To: Spekulatius who wrote (35405)	10/9/2009 12:46:31 PM
From: Spekulatius	1 Recommendation Read Replies (1) \| Respond to of 78476

SSBI - sold today on gap up. Just a few days ago you could buy all you wanted at 5.5$ 9and I did buy some as well). Efficient market at work.

To: Spekulatius who wrote (35405)	10/16/2009 12:39:39 AM
From: Spekulatius	Respond to of 78476

re Regional BANK stocks. I am slowly deploying funds in the sector. I understand that the big guys are doing better trading stuff than the small guys actually lending but still the dispersion in performance seems too large lately. Everything RE related has been going up by huge amounts so why not those holding the senior debt? My plan is to make a significant sector bet, because i believe that the small regional banks are going to benefit as well if indeed this recovery is for real. I plan to allocate about 20% of my portfolio to this bet, maybe more if i found good targets. My plan is to buy a bunch of small cap bank stocks over time (next 6 month) that are profitable, with decent equity ratios and credit quality and trading below tangible book. Plenty of these critters around that nobody seems to care about. Most trade on appointment so are too small to mention even on this board, at least not before I have established my position <g>. The valuation differences in the small bank group are nothing but amazing, again efficient market at work. I'll buy the numbers not the chart, as usual.

To: Spekulatius who wrote (35405)	10/26/2009 11:51:16 PM
From: Spekulatius	Read Replies (1) \| Respond to of 78476

SSBI, OSHC SSBI's earnings are pretty lousy. A huge loan has gone bad and the loss reserves look pretty skimpy now reuters.com I wonder if it's tied to Carinalli, the biggest landowner in Sonoma county that recently : pressdemocrat.com pressdemocrat.com Carinalli was loaning money to an convict (Soderling) whose company "Ripp it" wanted to build houses at Borax lake. This is no joke. Funny story unless you loaned money to these guys. I don't know if it's related to Summit State banks bad loan, just speculation on my part. In the meantime OSHC earnings look great. Credit quality is very good, yet the stock still trades as if they are affiliated with the Sopranos. reuters.com