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Opinion on Canadian Imperial Bank of Commerce (CM) Sector: Financial > Industry: Regional Banks
CM Down, but a Bank is a Bank

Dec 25, 2007 10:56 AM GMT

derrickfung

Return	Risk
-11.36%	MID

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Currently this stock is being hit HARD by credit writedowns. I went in at roughly $88, and now it's at $70. In the short run, it may be a good time to get in, as the bank occurs more writedowns, but in the long-run, a bank is a bank and the Government won't let it go down.

CM: This call was made on 12/25/07 @ $71.81

Rating:	$71.81 (12/25/07)
Closed:	12/25/2007 @ $71.81 (+0.00% in 1 hour)

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Canadian Imperial Bank of Commerce (CM)

SocialPicks Sentiment:

This Quarter's Sentiment:

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57.0%

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50.0%

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Latest Picks by derrickfung

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BCE	+34.68%	12/25/07
CM	+12.00%	12/25/07
SLF	-51.43%	12/25/07
TD	-11.40%	12/25/07
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derrickfung previously rated CM

	+12.00%		Bearish on CM ... 12/25/2007	0
	+0.00%		Bullish on CM ... 12/25/2007	0

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Opinion on Canadian Imperial Bank of Commerce (CM) Sector: Financial > Industry: Regional Banks CM Down, but a Bank is a Bank

Opinion on Canadian Imperial Bank of Commerce (CM) Sector: Financial > Industry: Regional Banks
CM Down, but a Bank is a Bank