One day after calling a bottom in well-capitalized banking stocks, Colonial Bancgroup (CNB) and First Horizon (FHN) increased 16% and 30%, respectively (at least as of 10AM PST on July 15, 2008).
I was able to make a short term trade on XLF as well--I put a limit order to buy last night, and when I woke up, it increased 4.3%, so I sold. I can't do a full stock update just yet, as the market isn't yet closed, and I will wait at least three weeks so I can get a better picture of how my stock picks are doing. In three weeks, most of the major companies will have released earnings.
For now, my main holdings are as follows, in descending order of worth: PFE, INTC, CNB, and DBV.
The information on this site is provided for discussion purposes only and does not constitute investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities or make any kind of an investment. You are responsible for your own due diligence.