Jim Rogers Review on Financial Stocks
Review Jim Rogers on Financials. Do Not Listen to Jim Rogers on financials. He is seen as the Oracle of Wall Street. Is he? Instead Vieira, world best traders’ coach, saw Rogers’s predications as an excellent contrarian indicator.
For more information refer to Why is Citigroup (C) Rallying to New Highs in 2013
Vieira in October 2012
I like Rogers but he is wrong on financials. He is bearish then financials are going higher short term, plain simple! Citigroup is going higher. My top long pick. AIG is going higher, we have a large long position. Cover your short in J.P. Morgan, upside $44. Buy ETF FAS, it can go to $130. In fact, cover all short positions on financials, they are moving higher, including Morgan Stanley, Goldman, even Piper Jaffray’s dog. Bernanke will be supporting financials. If you want to short stocks do it on Apple where everyone is bullish!
While one may understand his reasons the fact is Citigroup (C) and J.P. Morgan (JPM) reached new 52 week highs in January 2013. Rogers missed an important move on Citigroup while losing money on J.P. Morgan. I would say, no one is perfect!
Vieira has been bullish several financial stocks including ETF Direxion Daily Financial Bull 3X Shares (FAS).
Vieira upgraded shares of Goldman Sachs (GS) at $95, Citigroup (C) at $26, J.P Morgan (JPM) at $33 and Morgan Stanley (MS) $13.5
In September, Vieira downgraded Apple to Strong Sell above $700. Apple stock plunged $200 within four months!
More important than buying financials was selling short Apple as well as to cover short positions on Netflix at $52.86 reversing to the long side on my upgrade to Strong Buy. This trade defines the quality of a trader. I am not a proclaimed Oracle. What really matters are facts, the rest is pure bullshit for idiots to listen to on TV.
Do you want to see how Vieira’s service work? watch the webinar
Vieira’s Trading and Coaching for Professionals and Fund Managers, is the reference in Professional Live Trading and Online Trader’s Education. He has been coaching traders, hedge fund managers and investors around the globe for the past twenty years. Besides coaching investors trading live the stock market, Vieira develops priceless and unique e-learning content for professional traders: basic and advanced trading courses based on actual trading shared with subscribers.
Vieira’s Trading for a Living service, the most successful Professional Trading & Educations program worldwide. More than 3000 individuals including institutions around the world, every day login to their account to listen to the most recent Vieira updates, comments, perspective, opinion. It is worth millions to them! Listen to some of them here or read about Vieira’s Customer Reviews.