BAGAKOAA Oct 5 5:00 PM

BAGAKOAA;

I increased my positions of HBAN, but please keep in mind there is a lot of technical resistance at the $5.00 barrier.  It has been a tough nut to crack for the stock, but I am think it can.  The resistance has a lot to do with tea leave reading chartists and a balanced put and call option ration at that level ratio.  The beta is 1.8 so it’s not for the faint of heart, but I still like this as a 6 dollar stock by years end.   (Beta is the risk/volatility relationship of the stock to the overall market.  So in essence the S&P 500 has a beta of 1.0.  HBAN has a beta of 1.8 meaning for every one percent the market moves, HBAN would move 1.8%.  Today is a good example, the S&P was up 1.49 and HBAN was up 3.6%, more than double.)

This is an oversimplification of the theory, but you get the point.  Here is a great link if you want the blood and gore behind the beta formula.

http://en.wikipedia.org/wiki/Beta_(finance 

Salve Lucrum