Friday, August 22, 2008

"Ten Financial Entities on the Brink"

Mike Shedlock ("Mish") actually lists eleven financial entities on the brink in this post. One of them, Downey Financial (NYSE: DSL) is one of the banks we listed in a recent post, "The Strongest and Weakest Banks in America".


Dennis Mangan said...

I'm wondering if shorting a basket of those wouldn't be successful. Are you short any of those Dave? I mean, better late than never, or is too late to get in on them?

DaveinHackensack said...

Not yet, Dennis, but I've been watching the technicals on a few. I'll let you know in a post or a comment as soon as I start a new position. The basket approach would probably work too, but I think I'll try shorting one for simplicity's sake.