Bac

He laughed maniacally as he rubbed his hands. That's a whole different meaning.

 

here, sir. I saw it on CNBC or Bloomberg today and it came across the news feed on eTrade's Market Trader.

http://www.streetinsider.com/Corpor...America+(BAC)+To+Be+Nationalized/4363974.html

 

Lewis just bought $1M in stock.

 

Pennies.

If he really had any faith in the company, he would be loading the boat.

 

2011 BAC bonds widening out with almost a 7% yield. Does nationalization wipe out the debtholders? I don't own any of this but just curious.

 

CEO Ken Lewis bought 200,000 shares today, call options are having tons of volume...

Seems that the market is saying nationalization is not imminent - yet

FEB Volume Op.Int.
$4.00 45,904 9,322
$5.00 50,988 25,521
$6.00 106,391 49,509
$7.50 70,694 108,266
$9.00 17,273 71,857
$10.00 20,307 76,449

MAR Volume Op.Int.
$3.00 8,160 1,151
$4.00 7,431 1,217
$5.00 11,450 8,647
$6.00 12,097 16,210
$7.00 16,927 23,653
$8.00 16,239 61,077

 

BAC formed a nice hammer reversal today on huge volume.

 

sold remaining position @5.18 afterhours.
up 7% in extended trading...
a intraday profit of 27%, (bought at 4.07)...
almost a record for me... (i think FNM, FRE, AIG were a bit better on their post collapse rallies)
maybe tomorrow at open another rally in BAC, we will see...

 

The volume pattern over the last month is insane!


Good measure of just how insecure people are about this stock lol

I want to say it will make a return, but I gotta go with my gut and follow the trend. Although its extremes are leveling, I think it would take a HUGE report of good news to turn this around.

 

Grats