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I bought NYCB the first week of August at 40.65 based on momentum. I put rising stops in with my last being at 43. Alas, it sold while I was on vacation on Aug 24, the day of the precipitous drop, at 40,58. I'm now sitting on cash looking for another momentum buy. I base momentum on IBD RS, IBD industry ranking, VL timeliness, and VL industry rank. I also look at other companies in the same industry to see the trend. Although it looks like, as others in another post stated, that the money seems to be going into banking and health related industries, it looks like over the last few days a lot of money has come out of the banking sector, especially the regional banks like NYCB, DME, etc. So, is the run over for regional banks?
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