Tuesday, November 8, 2011


Awhile back I was touting Umpqua Bank, a local publicly owned bank in the Pacific Northwest. At the time I was advocating a buy over $12. At that time the stock went barely over and then quickly reversed, stopping me out with a small loss. Since that time the stock broke through the bottom of the range it was in and now has recovered back to the $12 dollar area. The best trades are often the hardest to take. It is hard psychologically to get back in this stock here, but the strength of this stock is dramatic and it has outshone most of the banking stocks that I look at. For a long term play this bank has merit. The chart:
As alway, limit your risk in whatever timeframe you play in.....gh

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All comments are appreciated as it will give me a chance to adjust my content to any real people who may be out there. Thank you. gh