Banking On a Mini Name
Naturally, the Baltimore Orioles lost to the New York Yankees on Monday, so our chances for a sweep of the series are gone. In spite of that, I have decided to take a peek into the microcap section of my bank stock portfolio and give you two local names that I own and have been involved with for years now. I had sold them both back in 2006 when the valuation pushed the upper end of what I could justify and have since repurchased the shares when bank stocks collapsed in the credit crisis. Both are located in Annapolis, Md. and both have the potential to recover along with the historically very strong local real estate markets.
Both of these banks are also really small and are not heavily traded, so please be careful trading these stocks. You need to be able to hold them for a long period of time as well. If something else goes wrong in the real estate markets or the overall economy, they will decline. Also, their less-than-liquid trading conditions will make it difficult to sell them at a reasonable price....577 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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