RE: It''''s trading like...Some people never give up.
You were warned. Selling this POS was one of the best decisions I took since I started playing this game about 8 years ago. Put all the money in BWR, LIM, QUA, AUR, HBM, DY, FNX. Tripled the money since. LIM, AUR, DY already taken out at 4-5 times from where I first bought in.
KFS- down about 25% from where I sold more then a year ago.
And it will keep going down. Broke trough resistance at around $20.
It will test $19 shortly but I wouldn't bet it will hold.
Business is miserable generally speaking, even ING-the best of breed -is not doing too well. And KFS is losing customers.
I don't know much about their investment portfolio, but I believe it contains a substantial amount of bonds and CDO's. If they're caught in the CDO debacle- same as CIBC- , watch out below, much below…