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. Larger sizes may be sold at the open in London market.
Consider buying again on pullback to low twenties as our LEH thesis remains intact.
www.thearorareport.com
THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING
VERIFIABLE PERFORMANCE RECORD
Every closed trade since 2007, without exception, is included in the performance results.
Number of winning positions: 162
Number of losing positions: 10
Average annualized % return per position: 296.77%
………………Check out details .
THE ARORA REPORT, Ltd.
HOME OF THE UNIQUE ZYX CHANGE METHOD
DEDICATED SOLELY TO PROFIT FROM CHANGE BY TRADING AND INVESTING
VERIFIABLE PERFORMANCE RECORD
Every closed trade since 2007, without exception, is included in the performance results.
Number of winning positions: 162
Number of losing positions: 10
Average annualized % return per position: 296.77%
………………Check out details .