SELL BCS ( BARCLAYS )
On Sept 16, 2008 we recommended buying BCS due to their buying Lehman assets on the cheap. In three days, we have profits from buying at $22 to the after hours price of $ 29-30.
Our sources inform us that US government plan to buy illiquid assets will not be available to non US domiciled banks, and of course BCS is a British bank. As this information becomes widely disseminated on Monday, the stock may fall in London long before US markets open.
We recommend selling now in the aftermarket. There seems to be size in the aftermarket to accommodate fair amount of selling by sweeping down to $28.… Please click here or the title below to read more.
September 19, 2008