• Sprott Money
    04/29/2016 - 05:58
    There is unfortunately no basis for renewed optimism that this current litigation will have any meaningful impact on precious metals manipulation – with respect to either silver or gold.

Bank Of America Stock Back To The "(Not So) Fantastic Fives"

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Mon, 10/03/2011 - 12:22 | 1733419 GeneMarchbanks
GeneMarchbanks's picture

Overvalued still. Short to oblivion!

Mon, 10/03/2011 - 12:45 | 1733543 Josh Randall
Josh Randall's picture

Lets see - a $5 Footlong at Subway, or BAC stock ?? Hmmmm.....

Mon, 10/03/2011 - 12:48 | 1733556 SWRichmond
SWRichmond's picture

Both can be had "toasted."

 

muahahahaha

Mon, 10/03/2011 - 12:55 | 1733591 spiral_eyes
spiral_eyes's picture

1 stock of BRK.A or 10 burnt out houses in detroit....

Mon, 10/03/2011 - 12:58 | 1733606 redpill
redpill's picture

Both the sandwich and the stock wind up as a pile of shit in the end.

Mon, 10/03/2011 - 13:29 | 1733737 bigdumbnugly
bigdumbnugly's picture

somebody better start running warren's bathwater...

Mon, 10/03/2011 - 13:33 | 1733760 Biosci
Biosci's picture

Ordinarily I'm fine with my contributions being anonymous, but I feel obligated to take credit for this drop.  I sold half my BAC puts at the gap down this moring.

You're welcome, everybody.

Mon, 10/03/2011 - 13:38 | 1733772 Bananamerican
Bananamerican's picture

"Warren: resume your bath, both literal and metaphorical."

"oh no you di'int"

Mon, 10/03/2011 - 14:04 | 1733892 Freddie
Freddie's picture

He need sto take a dirt nap after his bath whilst wearing his diaper.

Mon, 10/03/2011 - 15:32 | 1734178 CompassionateFascist
CompassionateFascist's picture

Several people in my cab over the weekend complaining about access problems w their BOA accounts. I told them why....one said she's moving her money to a local bank, others thinking about it.

Mon, 10/03/2011 - 13:31 | 1733746 dlmaniac
dlmaniac's picture

No worries. They neither need cash nor care if the share is above 6$ (or soon 5$, 4$, 3$ ... whatever).

Mon, 10/03/2011 - 14:54 | 1734044 AldousHuxley
AldousHuxley's picture

National Bank of Greece down 16% to all time lows of 0.666

while gold/silver up.

 

could only mean one thing.....a bank is going down somehere

 

greek bk underway

Mon, 10/03/2011 - 15:05 | 1734075 franzpick
franzpick's picture

It's only a matter of weeks before most of these banks are selling in the terrible twos: too low to sell more, too high to buy the perpetual call.

Mon, 10/03/2011 - 12:48 | 1733544 spiral_eyes
spiral_eyes's picture

It was a clear black night, a clear white moon
Warren B was on the streets, trying to consume
some BAC, some preferred stock
rollin' in his ride, total oligarch

Just hit the Eastside of the Treasury
on a mission trying to find Mr. Timmy G.
Now your stocks going down, your need a T A R P
getting rich off the taxpayer, cash for free

Mon, 10/03/2011 - 12:48 | 1733557 redpill
redpill's picture


This is the way the world ends

This is the way the world ends
This is the way the world ends
Not with a bang but a whimper.

Mon, 10/03/2011 - 12:59 | 1733609 BrocilyBeef
BrocilyBeef's picture

Simply Brilliant!

Mon, 10/03/2011 - 13:33 | 1733757 Alienated Serf
Alienated Serf's picture

spiral, Nate Dogg tips his 40 to you, from the afterlife...

Mon, 10/03/2011 - 18:30 | 1734877 LongBalls
LongBalls's picture

It's looking like they can do a stock buy back with every $5 fee on thier own customers! Brilliant!!

Mon, 10/03/2011 - 12:21 | 1733422 johnnymustardseed
johnnymustardseed's picture

Too big to fail, it does not matter

Mon, 10/03/2011 - 12:25 | 1733446 Ahmeexnal
Ahmeexnal's picture

BTFD

Mon, 10/03/2011 - 12:37 | 1733491 Don Birnam
Don Birnam's picture

The Five Handle ?

Behold the One Handle: Kodak is up 69% today ! Who says that a $ 1.32 share price can't be bullish ? 

Mon, 10/03/2011 - 12:40 | 1733513 The Limerick King
The Limerick King's picture

 

 

Is Bank of America toast?

Or will Buffet have reason to boast?

I guess we'll soon see

Just BTFD

So that all stupid fuckers can roast!

Mon, 10/03/2011 - 14:20 | 1733948 IQ 145
IQ 145's picture

Thank you, I did; I caught it at $5.70, @1.45pm EDT.  Timeline until Dec. unless stopped out.

Mon, 10/03/2011 - 12:22 | 1733425 tekhneek
tekhneek's picture

GET OUT THE TUB WARREN!!! YOU GOT SOME MORE MEANINGLESS BULLSHIT TO TOUT YOU FUCKING GEEZER.

Mon, 10/03/2011 - 12:38 | 1733500 tekhneek
tekhneek's picture

@11:38 CST - $5.95

Mon, 10/03/2011 - 12:43 | 1733529 tekhneek
tekhneek's picture

11:43 CST - $5.93

Uh-oh. Once we pass 5.90 it's over...

Mon, 10/03/2011 - 12:47 | 1733548 BlackingOut
BlackingOut's picture

5.90!!!

Mon, 10/03/2011 - 12:48 | 1733558 Careless Whisper
Careless Whisper's picture

over? i think they might qualify for the pink sheets, and they won't have to worry about those annoying audited financial statements. not that they really mean much anyway.

 

Mon, 10/03/2011 - 12:51 | 1733570 tekhneek
tekhneek's picture

tons of stops at 5.90.. everyone knew it would flirt with the 6 handle, but < 5.90? that's just unpredictable territory right there...

Mon, 10/03/2011 - 12:54 | 1733588 monopoly
monopoly's picture

It's been over for a long time. And am I still correct, under $5.00 mutual funds cannot own a stock? I think that is still correct.

Mon, 10/03/2011 - 12:44 | 1733538 s2man
s2man's picture

11:44 CST - $5.91

Mon, 10/03/2011 - 12:56 | 1733600 Jonas Parker
Mon, 10/03/2011 - 13:43 | 1733778 Gief Gold Plox
Gief Gold Plox's picture

@12:39 CST - Just hit $5.62

Mon, 10/03/2011 - 13:36 | 1733768 redpill
redpill's picture

I hope that crusty old fucker gets pissed and tries to double down.

Mon, 10/03/2011 - 14:24 | 1733957 ElvisDog
ElvisDog's picture

I love the fact that the "Sage of Omaha" or whatever the fuck he likes to be called these days by the MSNBC crowd is getting corn-holed on his BAC investment. I would love for Warren to experience a classic Greek tragedy-type scenario.

Mon, 10/03/2011 - 12:22 | 1733427 Jonas Parker
Jonas Parker's picture

Look out for that clifffffff......   SPLAT!

Mon, 10/03/2011 - 12:22 | 1733430 czarangelus
czarangelus's picture

Die monster! You don't belong in this world!

Mon, 10/03/2011 - 12:24 | 1733432 Comay Mierda
Comay Mierda's picture

five dolla make yoo holla!

 

 

Buffett just sharted

Mon, 10/03/2011 - 12:23 | 1733433 LawsofPhysics
LawsofPhysics's picture

Ha...Ha... better close the remaining accounts.

Mon, 10/03/2011 - 12:24 | 1733440 mantrid
mantrid's picture

 

ever wondered what Google CEO has to say about economy?

 

http://www.bloomberg.com/news/2011-10-03/google-s-schmidt-urges-using-bi...

 

Where is the demand going to come today if it’s not from some form of government action?

 

“The federal government can spend as much money as it wants because we borrow in our own currency,”

 

Economic growth comes from the private sector with government assistance

 

All of the economists that I know agree that in a situation where there is a strong possibility of a very long- term recession, or at least a structural growth recession, which many people think we’re in, you need to do something now

 

Any ideas on which economists he's talking about?

 

Mon, 10/03/2011 - 12:49 | 1733563 Missiondweller
Missiondweller's picture

Here in the Bay Area, they all drink the same kool-Aid. Dissent is not allowed.

Mon, 10/03/2011 - 15:14 | 1734104 AldousHuxley
AldousHuxley's picture

demand will come when overinflate bankster's assets are cheap enough.

 

Poor and unemployed's net wealth before deflation = $0, after deflation = $0

Rich and never needed a job's net wealth before deflation = $100M, after deflation = $50M

 

There, wealth gap decreased.

Mon, 10/03/2011 - 12:25 | 1733443 Archimedes
Archimedes's picture

Ha! Suck it Buffet!

Mon, 10/03/2011 - 13:11 | 1733651 Miss Expectations
Miss Expectations's picture

Old Mr. Buffett

Sat on a tuffet

Eating his curds and way.

Along came a squid

and stuck it's beak in and told Mr. Buffett to suck it.

Mon, 10/03/2011 - 12:25 | 1733444 Dr. Engali
Dr. Engali's picture

If Uncle Warren liked it at seven he will love it at five. Better buy another 5 billions worth on margin.

Mon, 10/03/2011 - 12:54 | 1733584 tekhneek
tekhneek's picture

please do warren. i'd love to double up on my shorts.

Mon, 10/03/2011 - 15:17 | 1734114 AldousHuxley
AldousHuxley's picture

Buffett's bet wasn't on price but on whether BAC will be bailed out by the government.

 

 

Mon, 10/03/2011 - 12:25 | 1733445 Fips_OnTheSpot
Fips_OnTheSpot's picture

Internal Chart Error.

Mon, 10/03/2011 - 12:28 | 1733459 Village Smithy
Village Smithy's picture

I am ashamed to admit that QE2 turned me into a weak short. I have been burned so often. My fear is that I am not alone in this weakness, we should not be holding these levels, too much covering, no confidence. In my nightmares I see endless streams of long green candles rising forever upwards.

Mon, 10/03/2011 - 13:00 | 1733614 Smiddywesson
Smiddywesson's picture

It used to take a lifetime to rack up the experiences you've had in a handful of years. 

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