RF - Regions Financial - Page 2

Watch this stock, its about to rally upwards to 6.70 at least

Earnings tomorrow - and though a loss is expected, this stock's price has been all over the place.

Anyone have predictions?

Sitting close to support @ 5.70 if it breaks down then could get a big retracement...if not then look for a good move to the positive.

Yep fell through support could hit 5.38 if market continues to falter.

I have some $5 puts - I'm hoping for carnage

Would have been nice to pick this up in the 4.80's.

how much lower you guys think this can go? i was thinking about gettin in soon.

My guess is 4.50 if market is down tommorrow.If it holds 4.62 or above I`m seeing a green light.Futures are down right now so tommorrow should be interseting.I think the time to look at buying would be between 9:00 and 11:00 EST this seems to be the dip part of the day for many stocks.If financials get hammered again tommorrow I would wait til the smoke clears before jumping in.I would rather pay a liitle more on the way back up than try to judge a bottom or catch a falling knife.Just my two cents so do your own DD

thanks, by the way do you know how much per share john paulson paid when he bought this? i remember on cnbc when they reported he bought millions of shares

Im not sure what he paid and it does`nt make much difference to me.I go on a day to day basis.I like buying positions after a retracement.When certain sectors are climbing other sectors get sold off so the money can get thrown into the rising ones.I buy the beaten down stocks and re-sell them when its their turn to rise.Its a circle that revolves around and around.If you can get on the right wave you are able to jump back and forth buying on lows and selling with a gain.You can then apply those gains to the stocks that are sold off.Rinse and repeat.I started with 2 techs,2 financials and 2 commodity based and sold the gainers and put the money in the losers.Within a week the losers were gaining and the gainers had lost,so I did the same thing again.It takes a little patience but it has been very good to me.Good luck

i trade the same way too. i was just curious what he paid. thanks for the info

We got our green light.I`m looking to hold for over 5.00 At 5.25 I will have my finger on the trigger.I`m averaged in at 4.63 right now and have a stop set at 4.75 for tommorrow just in case.If it goes up tommorrow I will move the stop to 4.88

This chart looks like the pps is churning and is ready to pop.

Still looking for 5+ looks like we could be heading that way next week.Some pretty important earnings coming out that will make or break the market.

yep moving up nicely!

Realizer, I believe we watch most of the same stocks (mgm, rf, lvs, bac)
What do you see rf doing here in the next week or so?

Honestly, I think rf is setting close to bottom. I would like it if it were a little closer to 5 or maybe under. Not to far under anything under 4.80 and I wouldn't touch it till it rose back above that. This is not a reccomendation to buy. I have not been following closely enough to go out on that limb.

The financials have acting as though they want to have a big pullback lately. But when they start down they get bought up again. I pointed out the chart because the pps is holding a pretty tight range for a while now. It was preceeded by a nice dip which makes it attractive. Not to mention it was oversold and the money flow was turning positive. The 200 day should act as support.

I don't have a position in rf for now but watching closely. They are not in the best of condition so if I did take a position it would be with a tight stop. It is a $5 stock for a reason... Speculative at best.


Hope that helps.

Some very good points. I appreciate your input. thanks

some resistance around 6, I wish it would pull on through

break on through to the other side! Lets hope we can push through the 6 range and move on up.