How long the sell off will last?? Usually sell off lasts 3 days :( Tomorrow if oil prices hold around $101 level, and European and asian markets move higher, BNK should get a lift from it and short sellers will rush to cover their positions. There is no way this stock will trade in 4:70 range for a long time. If you guys have money, you must load a few thousand shares. TLM is reporting before market opens tomorrow. Although natural gas prices are at bottom but I'm still confident that TLM will meet targets and report good numbers. BNK will also move up in sympathy. No matter what I'm holding 10K for long term and 5K for trading.
Stock futures are up, Dow futures are up 74 points, Japan's Nikkei is up 2% Heng Seng is up 0.15%, oil up 0.5% Copper is up 3.35 cents it all looks good thus BNK should be back in $5:00+ range.
Hey friends, please also look into copper stocks like LUN & IMN. They have pulled back 10% in last few days. Believe me you can't go wrong with these two names. UUU, URZ, URE & CCO are some good names for Uranium lovers.
God bless.