Thursday, January 5, 2012

Société Générale ... généralement plus bas !

This company cannot seem to catch a break.  Bad decisions, change of CEO, rogue trader ...
What was once a solid financial institution is now a big interrogation mark.

I was talking with a friend that was looking to buy the stock because it is so cheap.

Remember that the markets are a real-time price mechanism, their main objective is to give the real fair price of an asset. So if the stock is that low it is for a reason.

How much lower can their stock get ?  I say much much lower, do not trade that company to the upside or if you do hedge yourself with puts options.  It could break at anytime.

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