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Chris Gore

Real Money Earned: $3.72
Location: Oak Creek, WI
Member Since: 5/18/08
Portfolio Total:$1,481,183.69

Stock Analysis: 11

Portfolio Start Date05/19/08
Annualized Return:32.8%
Total Return:48.1%

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Stock Pick by Chris Gore

COF: What's in their wallet?

Start trading COF with real money!

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Posted 283 days ago on 2/11/09

Market call:COF will go DOWN
Target: $6.00 on 5/11/09
Current: $37.70 (193.39% from time of market call)

Zip, that's what. People have been paying off their credit card balances with HELOCs for years now. Guess what? That gig is up, and COF is going to really feel the pinch because of it. The $6 target price is based upon a 90% drawdown from the peak on 9/23/2008. It could go lower than that. My chart of COF's current trend: http://cgore.com/investing/technical-analysis/charts/cof-2009-02-10.png Other charts of mine: http://cgore.com/investing/technical-analysis/charts

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