Bank Of Hawaii (BOH) on Wallstrip…A Bank? How is That Possible?
- Posted by Howard
- on May 30th, 2008
I don’t have to look for stocks based on my strategy of buying stocks at all-time highs, they find me. I have to say I was surprised when Bank of Hawaii (BOH) started showing up.
They must be selling drugs and porn, not loans!
Not so.
Today on Wallstrip, Julie breaks it down a little .
Maybe it’s the gains from the Visa IPO, maybe it’s that Hawaiin land and development is still robust compared to mainland America, or just maybe, the bank is underwriting loans in a diligent way. I do know that if a bank stock wanted to go down, this is the environment that it should have.
For it’s strength I say Bravo, but I am not a buyer.
Brian takes a look at the technical picture for those looking for an entry :
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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Born in Toronto, lived in Phoenix for 20 years and now in Coronado, CA with a loyal wife (15 years, 14.2 Canadian years), two awesome kids and a dachshund. My current start-up is called Stocktwits and I am a co-founder and CEO. More »
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