Regional Banks in the Southeast

34.19   +0.95 (+2.86%)

Check out the chart above. It's a chart for stocks of regional banks in the southeast since January 1 of this year.

On January 8 of this year, I wrote about  investing in regional banks especially in the southeast. How prophetic am I! But seriously, I never thought that the breakout would be so sudden. Back on January 8, I thought you could get a 30% roi on your investment for the year. Well, I'm doubling that estimate. It is awesome when you can get in on a move where your stocks could double. Ride this wave! 

You could pin up a list of these regional banks on a wall and throw a dart and that stock will almost definitely go higher. But to be more precise, I especially like Popular, Virginia Commerce Bancorp and Seacoast Banking Corp.

Good luck y'all and don't forget to ride the wave! 

SELL SELL SELL!

 

If you think you will spend the weekend worrying about a particular position, it's best to sell it right now and move on.

If you find yourself visiting the yahoo boards to see if there is any helpful news out there that you might have missed, its best to sell right now and move on.

If you find yourself using indicators on charts that you don't normally use just to justify holding a position, its best to sell right now and move on.

If you find yourself asking asking the "experts" on twitter or on blogs about your positions, its best to sell it right now and move on.

If you find yourself checking the stock's fundamentals although you took a position based totally on technical reasons, its best to sell it right now and move on.

REASONS TO BUY INTERDIGITAL

Reason #1
Interdigital (IDCC) is ranked in the top 50 by Joel Greenberg's Magic Formula Investing.