Hi Russ,
I'm not sure how you define short term and long term, but for the most part, I think it will take the banks up to several years to recover to anything like their previous share prices. I've tried my hand at day trading, but found it to be too much of a crap shoot. For example, you might have found the perfect turnaround stock or short, but then the market moves against you and all the fundamentals go out the window. I've had some luck with slightly longer short term investments such as buying silver @ $9.00 per ounce and uploading it 2 months later at $14.00 per ounce. I just purchsed a put option on BBBY, which I think has nowhere to go but down, and am expecting to see profits within the next 3-6 months. What kind of short-term investments did you have in mind?
Best,
E
I'm not sure how you define short term and long term, but for the most part, I think it will take the banks up to several years to recover to anything like their previous share prices. I've tried my hand at day trading, but found it to be too much of a crap shoot. For example, you might have found the perfect turnaround stock or short, but then the market moves against you and all the fundamentals go out the window. I've had some luck with slightly longer short term investments such as buying silver @ $9.00 per ounce and uploading it 2 months later at $14.00 per ounce. I just purchsed a put option on BBBY, which I think has nowhere to go but down, and am expecting to see profits within the next 3-6 months. What kind of short-term investments did you have in mind?
Best,
E
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.