Discussion in 'Stocks' started by bond_trad3r, Jan 15, 2009.
Is it just me or is BAC a little weak this morning?
That's an understatement.
BAC is a great buy right now for long
No reason to touch financials here long. C looks like its going down. Who knows how the chips fall from the ripple effect if that happens.
Yea...BAC seemd like the cream of the crop..wow what a plunge
bottomline.......funds had ridiculous amounts of BAC to sell......this morning created a great opportunity for them.....JPM with good earnings......market due for a rebound......it was some relentless selling this morning.
C already failed. The government TARP is like the equivalent of re-worked mortgages: they still are highly likely to default.
financial bottom is not reached.. wait for few more weeks ..
I'm tempted to build a position in BAC as a long term investment...but over the past year stockholders have not fared well in companies where the government has stepped in. Are things really so bad at BAC that the government could dilute the hell out of the common stockholders, or do something else that punishes them?
good for the bank not so good for the common stock holders
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