MONEY: Buying a “falling knife”?

http://www.bloomberg.com/apps/news?pid=20601087&sid=aCNnbO2lMJG4&refer=home

WaMu Failure Shakes Seattle, From Shareholder to Job Seeker

By Peter Robison and Dina Bass

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Sept. 27 (Bloomberg) — Sally Rawlings was one of the last people to buy shares in Washington Mutual Inc., showing faith that her hometown Seattle savings and loan would be able to weather its financial crisis.

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I’d suggest that she not go trying to catch “falling knives”. Although it is tempting, to buy low. But it’s low for a reason! Stop losses by not starting them?

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This entry was posted on Sunday, September 28th, 2008 at 04:15 and is filed under MONEY. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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