RE:RE:RE:RE:RE:RE:RE:RE:BK continues to surge up..I see where you're coming from, I also play the swings, mostly because it's a far more profitable strategy.
Like Mouserman, I recently bought back in.
Am I staying in for the long run to play the average? Not a chance.
As of today, I'm up appx 19+% on BK with my strategy.
I will be the first to admit it doesn't work every time but it works far more often than not.
This strategy isn't for everyone, especially if they have to pay or coerce a lazy broker.
Unless you're doing your own online trading, through a discount brokerage, and you're only trading a thousand units or so, playing the swings likely isn't worth it. Brokerage fees will eat up all of the profits.
Mouserman made a great observation about the upcoming elections in the US first, then Canada soon afterwards.
Anyone that believes the banks and other financial institutions aren't coerced by politics?????????
It's a bit early to jump out, depending on your knowledge or nerve.
I'm doing the same as Mouserman, staying in cash when I get where the swings aren't making sense.
Like him, I don't put a "DOLLAR" value on the investments
When NAV start hitting 12-13% regularly, time to dive into nice safe cash.
BK price shouldn't have risen yesterday or today, under normal circumstances.
Someone is manipulating the price of Bank Stocks and why is yet to be seen.
I don't believe consumer prices in the US are falling, not from what many friends I have in the US are telling me.
If it looks like Pres Biden is going to get pushed out, anything and everything is possible during the confusion.
A couple of Democrat friends say JILL BIDEN has been the REAL PRESIDENT OF THE US for a couple of years. Even attending Top Secret meetings with him.
That could easily be rumor, but ????????????
GLTA the good folks here