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TFN Editor’s PIC: A speculative buy with incredible potential (IDMC)

Today's Financial News - Posted September 25, 2008

If you can stomach a speculative play — try IndyMac Bancorps, Inc. (OTC:IDMC) on for size…

by Laura Cadden, TodaysFinancialNews.com

Baltimore — (TFN): The doors at IndyMac Bancorps, Inc. branches remain closed througout California… but perhaps not for long.

Speculators suspect that the remains of shuttered financial institutions like IndyMac are now becoming attractive to bottom-feeding investors. The repositioned Goldman Sachs may snatch up IndyMac assets at fire sale prices. So might Warren Buffett

And you can’t beat the price — even after going up over 275% on Thursday… even it the shares gave back ground on Friday. The market now is full of hobbled former bluechips trading at pennyshare prices… and yet are subject to large trading volumes.

We have seen steep up and down movements in stocks like Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) — and leveraged some of them into fast gains for our TFN viewers.

If you are comfortable with risk, I recommend that you buy shares of IndyMac Bancorps, Inc. (OTC:IDMC) under $0.40.

At Friday’s closing price of $0.17, I predict upside swings for IDMC of over 100% within the next two weeks.

If you’d like us to update you on this and other picks… I say give our free daily TFN eNews a try. It’s short and sweet and enables you to find out what’s going on at TFN every day of the week.

WATCH LAURA CADDEN’S MOST POPULAR SEPTEMBER INTERVIEW: “A Strategy to Profit From Crisis,” Guest: Currency Expert Jack Crooks.


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