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May 8, 2008


Will the Regional Banks Break to New Lows?

Subscribers currently have a short in the KBW Regional Bank ETF (KRE) with a target zone of $32.41 to $31.81. That’s a really critical level for KRE since $32ish acted as key support during the dark days earlier this year.

On a side note, I’m limiting the number of subscribers to the Box to an even 100 people. This should help me keep things simple and a make it a little more exclusive (I can also toss any gripers out this way — let me say here that 99% of my current subscribers are beautiful, generous people).

KRE

This entry was posted on Thursday, May 8th, 2008 at 1:09 pm (utc+8) and is filed under The_Box.

4 Responses to “Will the Regional Banks Break to New Lows?”

  1. Andrew said:
    May 8th, 2008 at 4:15 pm

    I just know you have read Robert Cialdini CM :)

  2. C. Maoxian said:
    May 8th, 2008 at 5:26 pm

    Andrew: Big fan of Cialdini and I, like Charlie Munger, believe everyone out there should read and re-read his Power of Persuasion. It was one of the few books we were assigned to read in business school that I thought had any value (must have slipped through the cracks somehow :) ).

  3. Andrew said:
    May 8th, 2008 at 8:27 pm

    Does that mean we can be expecting a small gift in the near future? ;)

    I’m just about to finish ‘Psychology of Influence’, excellent book.

  4. C. Maoxian said:
    May 8th, 2008 at 9:03 pm

    Andrew: I think the correct title is Influence: The Psychology of Persuasion, but we’re probably talking about the same book. I won’t give you a small gift but I may ask a small favor of you (building up to a big one later). :)

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