Re: Digest for sanguine-strategy@googlegroups.com - 1 Message in 1 Topic

[Jamie Isetts]

I say, DO IT. It would be a good way to close out strong.

On Wed, Mar 14, 2012 at 1:41 PM, <sanguine...@googlegroups.com> wrote:

  Today's Topic Summary

Group: http://groups.google.com/group/sanguine-strategy/topics

• Banking play [1 Update]

 Banking play

Blake Falk <blake....@gmail.com> Mar 13 01:37PM -0700  

JP Morgan just announced that it had passed the Fed Stress test, and
it moved BIG. Because the stress test results were not expected to be
released until two days ago, on JP Morgan's move, the Fed is going to
move up its announcement to tomorrow. I expect that this announcement
will be very positive, given JP Morgan's report and other banks
indicating positive upcoming news.
 
As a result, I think we can capitalize on this news by investing
(**HEAVILY**) in IYG (Dow Jones U.S. Financial Services Index Fund).
It jumped nearly 4.41% today on JP Morgan's news, and its largest
holding is JP Morgan. I expect JP Morgan to lift this index even
further tomorrow, along with the positive news from other banks.
 
We talked about making more risky investments, and I think this could
be the break we were looking for, especially if we are willing to
leverage funds.
 
Let me know what you all think; the trading decision needs to be in
place tonight so we get the maximum lift from tomorrow.
 
Best,
 
Blake


 

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