BAC - Helluva Vote of Confidence

Discussion in 'Trading' started by riskymove, May 14, 2009.

  1. Singapore’s Temasek Sells Entire Stake in Bank of America
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    By Chen Shiyin and Miles Weiss

    May 15 (Bloomberg) -- Temasek Holdings Pte, a Singapore state-owned investment company that bought stakes in Merrill Lynch & Co. and Barclays Plc amid the global financial crisis, has sold its stake in Bank of America Corp.

    Temasek had received shares in Bank of America after the U.S. bank bought Merrill Lynch & Co. The investment company had paid about $5.9 billion for a 14 percent stake in Merrill Lynch.

    “We have divested our shares in Bank of America,” Temasek said in an e-mailed response to Bloomberg News queries.

    A Form 13F filing to the U.S. Securities and Exchange Commission indicates that Temasek no longer held shares in Bank of America or Merrill Lynch as of March 31.

    To contact the reporter on this story: Chen Shiyin in Singapore at; To contact the reporters on this story: Miles Weiss in Washington at;
    Last Updated: May 14, 2009 21:23 EDT

    It's all good - buy buy buy!! :cool:
  2. sold at the bottom
  3. All this bullshit is going to come crashing down.
  4. lol no sir.....technically 0 is the finite bottom