I decided to load up on Citibank and Bank of America yesterday and today. Today they went down by 5% or so each :( So, I added more :)
Did I move too early? I think that it may hurt my earnings in the short run, but long term, I think these are 2 juggernauts that will be around for a long time, so picking them up at this level should bear fruit over time at least.
They may have more downside, but the POSSIBLE down is pretty minimal and the POSSIBLE up is much more substantial.
So, I'll be patient and write calls and such to get back any money lost and earn income on these :)
God Bless!
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