Goldman upgrades Bank of America to "buy"

Discussion in 'Stocks' started by ASusilovic, May 18, 2009.

  1. I am excited about the continued bank manipulation. :D
  2. think of goldman as a manure store and bank of america as a very ripe pile of manure about to dry up and expire. so they are putting it on sale...
  3. Bob111


  4. I am surprised this buy recommendation from GS didn't come with a $5bln capital raise attached :cool:
  5. piezoe


    Hey, wasn't it Goldman that told us just a few weeks ago to Not buy financials.???
  6. Right, that's because THEY wanted to buy them.

    If BoA is so healthy, why won't it repay those funds it got from the government/tax payer?
  7. CET


    I believe it was Morgan Stanley that came out about a month ago saying to sell the rally. Goldman is just helping BAC sell those shares at market for the required capital raise. The Fed would not be happy with Goldman if they did not finish the pump and dump job on financial stocks until the capital raises are finished. Everyone should feel good that the 'banks" meeting the 4% TCE are only 25 to 1 leverage. Sleep tight. :eek:
  8. Blue_Ice


    They build their position while downgrading the stock, now that position is ripe and the price is high, they "upgrade" the stock to a "strong buy" so they can conveniently sell.

    Rinse and repeat, while people applaud.

    What a shame!!
  9. Thats what I was thinking. They can upgrade the stock and then buy puts. That would not be illegal right?
    #10     May 18, 2009