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A very bad penny stock.
Bend Over America!
The new $4.99 BOA Not So-Happy Meal comes with a free prostate exam!
Spend $5 at SUBWAY ... a far better deal than BAC.
If I read the recent comments right and it is the case that creditor banks can "seize" re-hypothecated capital at debtor's BK. I expect a lot of institutional endowments to quickly leave the house of BAC and C..
At 4.99..., still over-bought.
It's always been about BAC. I've said it since 09
Wow, I thought the massive wall of bids at 5.01 was impressive, now I see the defensive line at 5.00.
If Buffett buys a billion today, he can get his average cost per share under $7.50.
Time for BAC to do a Reverse Merger with a Company trading above 10$
Warren 'Thanks Uncle Sucker Sam' Buffett is on the phone right now with Obama's chief of staff, prepared to 'pledge' more money for BAC, but only if the taxpayer-guarantee-against-any-losses-whatsoever plan usually extended to Warren is sweetened to included "and a minimum of 25% profit, aka give me first secured status on the good stuff that BAC has."
The highly significant back story that cnBSc is working on, via Becky B. Quick, is whether Warren is negotiating these terms in the bathtub.
A Becky Quickie for Warren?
You got it! Warren to buy BAC preferred at $1.00. Fed rescue to kick in 10 minutes later.
R u serious? This is fucking ultra-bullish son!
Just pull a citi, 10:1 reverse split coming up...no problem.
Yes exactly, that should buy them another 2 years. Citi is really a $2.50 stock, these algos appear pretty easy to fool. That being said, it's almost time for ShitiCorp to have another reverse 10:1 split.
On another note, notice how all these banks own each other's stocks. This reminds me of Japan, where all the corporations are interlinkied, and that hasn't worked out too well either. Get your shorts on!!!
It is isn't it.
A metric fuck tonne of empty houses that are rotting in inventory, no customers, investment section with a terrible track record and the upper management still collects bonuses.
This POS had sell written all over it 4 years ago.
Getting borderline spammy with this hamlet link but I laugh my bells off every time I read it.
tOO BiG To fAiL LOan MOdIFiCATioN FOrm r.1.A.002.B.XXXX
What a complete waste...
Mic check: Shame
I've been watching BAC on stockcharts for a little while now. The price change will fluctuate between -0.16 and -0.17 but the actual price remains fixed at $5.03.
I had to reload my program because BAC data stopped dead. Just BAC. Maybe random, but curious.
Noticed the same myself. Now it's working again at 5.03
Here comes the Fed, pumping the stock back up just like last time.
No, a bad blue chip stock, a great penny stock, since it has all the attributes that penny stocks have, eg - pie in the sky business model that will require a miracle to actually happen, bullshit buy recommendations by conflicted, self-serving analysts, a book value near or below zero, etc...
"five dollar... five dollar foot long.... five dollar foot long dog turd."
I hope you don't step in it.
I ask with some trepidation, but if the situation is so dire, why doesn't BAC put Countrywide into Bankruptcy Court?
I"m not sure and haven't researched the issue, but I will admittedly throw a SWAG out there that it has something to do with the fact that BAC was essentially forced to swallow Countrywide (and Merrill) as part of the Hank 'Tanks In The Street Unless We Help Goldman Sachs & JP Morgan Grow Into Robber Baron Status' Paulson recovery pact, formed and executed in conjunction with Timmmay.
Paging Dick Bove stat! Buy Buy Buy Dickie!
-What Problems? Bank Of America Is Fine, Bove Says
Two Maginot lines set for the PPT today.
BAC @ $5.00
S&P @ 1220
As I'm sure you know, the Maginot line was utterly useless.
not utterly useless!
it has a very nice ring to it.
It was a great reverse barometer for opposing armies.
NO IT WASN'T!!!
I still make a good tourist attraction....
Sorry for the history smackdown.
The Maginot Line was designed to force Germany to attack through the low countries. It was a total success. It was France's military that was supposed to stop Germany's advance which failed in the face of the new Blitzkrieg tactics.
I thought the route through the Ardennes played a role, too?
And the fact that the Polish Invasion gave the Germans some very fresh experience.
But I agree, had the French deployed better and used their tanks in a modern way they could have stopped them...
I think you forgot Gold above $1600.
Gold BELOW 1600 - keep in mind who's defending the lines in the sand.
The Rubicon is more apt, I think.
Here we go paw paw!
This is seriously the rally? I mean I knew the market was bullshit these days but this is insanity...
Off with its head!
Sloppy block selling. I bought. I dare anyone here to short BAC in volume under $5.10.
not no, heeeeelllll no
I'm in at $5.06.
my humble opinion: if the Rothschild bank's share drops to 5 USD, it means that the Rothschilds wanted it to drop to 5 USD.
now the question is: what is the endgame?
It will also set off the buy algos at FRBNY and Paulson and Co. Additionally, expect Bove to issue a "super-duper stong buy with leverage" recommendation.
Bloomberg radio was pumping this pig during the top of the am rush hour via Thomas Brown.. not to be confused with the very focused funk master Tom Browne.
BAC stock as bouyant as concrete.
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