Bac

Mr. Diamond from JPM is smart and he knows what the value of BAC is. They got greedy and will be swallowed by the better bank. AFter they write off the losses over a few more quarters they will be a saleable condition. The earnings when its over will be great. BAC is a good bank but ML is like cyanide...

 

BOA is a burnt cookie! You might as well forget it exists.

 

So, sentiment for BAC is not even a dead cat bounce?

 

I cant beleive they bought MER and now they are fucked
When MS and GS are doing good probably Mer would have done good also
And all these CEO are coming out and saying they are buy stocks worth this amount and that amount all BULLSHIT MOFO LIARS

 

Wow ... 5.03 intraday low .... should be interesting today if nothing else

 

9.54am ET

David Faber on CNBC

"Why? Hard to say. Maybe tough quarters to come.

"In recent days, Thain etc depart.

"When I speak to MER I-Bankers, they clearly thinking about their own futures

"No golden handcuffs. Same true for MER brokers. (Thinking about leaving)"

m22au comment:

And also the small problem that the company is reliant upon government generosity in order for it to stay afloat.

 

Once the poison in MER is exposed the markets will rebound. They are the source of the lax regulations. MER and Enron is synonymous. The assets are air based. The losses in compensation packages are in the billions. David Komansky former CEO of Mer once said that the power in MER is the intellectual Capital and once these executives leave their capital is also gone.

BAC is left with a real estate mortgage bill of the World Financial Center that could cripple a small country. They need to access the losses and take it like pro with two quarters of charges.

If they are smart they should hypothecate the stock and then Drive the stock down to zero. Take the lumps and then the bumps and come back to the tarp.

Its JIM JONES all over there and John Thain gave them the kool aid. BAC will go lower initially but It can rebound to 11 within a year. ML has many stock positions that are down that have lowered their value. When the market returns in 18 months it will be a great investment.

Please read my blog www.clevelandbenjamin@blogspot.com
Larry Kudlow is the man listen when he speaks

 

The Treasury and the Fed's complete disregard for the shareholders is sinking BAC.

No one cares about BAC's fundamentals anymore when the regulator can nationalize it at any time and "mading off" with investors money.

This stock is likely going to zero, its nationalization is becoming a self fulfilling prophecy.

$3.87 right now... BAC fighting for its life.

 

imo time for a short squeeze

 

It has to, otherwise it's becoming a penny stock.