Collecting Bank Shares

A proven rule of portfolio management says "Sell the stocks that went up and buy those that went down". Following the yearly rotation system, I am starting to collect Bank HaPoalim shares (pic), Israel's second largest bank. The Israeli banking index lost 5% this year while the TASE 100 index rised 10%. All the banks are stable and making profits, but the analysts's targets are all below or near the stocks's current price. The fund managers that rule TASE have avoided bank stocks not because anything that is happening in Israel, but because they failed in geography in high school. They are convinced that the Echad HaAm street runs parallel to Wall Street in Manhattan. The cheapest bank is Bank Leumi (capital/price ratio of 0.9) but I am betting on Poalim, because in the last three years the Central Bank forbid it to pay dividends, so now it has accumulated profits to pay out to the shareholders. God and Stanley Fischer permitting, half of it will be paid out to the stockholders (moi!) around July 2011.