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With Bank Of America On The Verge Of Breaching $5.00, Our Question Of The Day Is...

Tyler Durden's picture





 

... how many of the top 50 holders presented below, will be forced to sell once we get a 4 handle? We are certain of one thing, however: Paulson's LP are simply delighted that he added to his loser position in BAC. Delighted.

Source: CapIQ

 


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Tue, 11/29/2011 - 15:15 | Link to Comment FubarNation
FubarNation's picture

Boofat just has to make a call to the long legged mack daddy so he is cool.

Tue, 11/29/2011 - 15:24 | Link to Comment redpill
redpill's picture

Hey Uncle Warren, want to exercise those $7.14 warrants?  Bahahahahaaha

 

By the way, did we ever find out who this was?

 

Tue, 11/29/2011 - 15:25 | Link to Comment nope-1004
nope-1004's picture

BAC = cadaver held up with printed linen.

Good bye BAC!!

 

Tue, 11/29/2011 - 15:26 | Link to Comment Conrad Murray
Conrad Murray's picture

Weekend at Benny's?

Tue, 11/29/2011 - 15:31 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

I am waiting for Bathtubs at Berkshire to hit OnDemand.  Not worth seeing it in theaters.

Tue, 11/29/2011 - 15:32 | Link to Comment nope-1004
nope-1004's picture

Just a friendly reminder of how classy BAC is.

http://www.youtube.com/watch?v=eWYW0H7-c_w

 

Tue, 11/29/2011 - 15:35 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

Uncle Warrant. 

Tue, 11/29/2011 - 19:17 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Uncle Robo.

Tue, 11/29/2011 - 15:36 | Link to Comment redpill
redpill's picture

And could we forget?  http://www.youtube.com/watch?v=40K7p3kZO9c

 

Wed, 11/30/2011 - 02:32 | Link to Comment slvrizgold
slvrizgold's picture

+1000 That's an excellent youtube link nope-1004

CHECK IT OUT.    B of A is spamming internet and bashing PMs and PM advocates.    They can suck my big raging silver dick.   And guess what, its antimicrobial so it will kill all the germs in their dirty mouth.

Tue, 11/29/2011 - 15:58 | Link to Comment Sunset chaser
Sunset chaser's picture

I hope it doesn't gap through $5 overnight. I want to see the trading action right around there.

It might be possible to push the market around here or there occasionally, but in the end the market is too big for any one person or entity, even in this day of extreme wealth distributions. All the kings horses and all the kings men might try to hold BAC above this crucial point, but in the end the technical situation suggest BAC might be headed towards a date with BAnkrupCy.

Tue, 11/29/2011 - 15:30 | Link to Comment Deadpool
Deadpool's picture

glad I only own 26,925,000 to keep off the list....

Tue, 11/29/2011 - 15:55 | Link to Comment Nothing To See Here
Nothing To See Here's picture

Puts you right below Bear Stearns then. Wait, didnt they go bankrupt in 2008?

Tue, 11/29/2011 - 15:32 | Link to Comment Future Tense
Future Tense's picture

I live in Charlotte (BAC headquarters) and just told my girlfriend that BAC is going under $5 on its way to zero.  She told me she would rather buy 7 snow man mugs that she was looking at online for $5 over a BAC share.  Maybe $1 will bring some buying power back in.

Tue, 11/29/2011 - 15:48 | Link to Comment ucsbcanuck
ucsbcanuck's picture

IPIC will save BAC.

http://www.bizjournals.com/charlotte/blog/bank_notes/2011/11/ipic-group-offers-to-buy-500-million.html

Failing that, there will be a new directive to stop naked shorting. You know it will happen soon. They can't allow BAC to drop below $5.

Tue, 11/29/2011 - 17:23 | Link to Comment Messianic
Messianic's picture

...And who the hell is IPIC?

Tue, 11/29/2011 - 18:51 | Link to Comment gmrpeabody
gmrpeabody's picture

Idiot Pukes In Congress..., I guess.

Tue, 11/29/2011 - 22:23 | Link to Comment Catflappo
Catflappo's picture

Not sure, but you can let them know they are filled at $6.00    -   may even be able to buy more there, and may even be able to sharpen the pencil oni their price for them

Tue, 11/29/2011 - 22:43 | Link to Comment ucsbcanuck
ucsbcanuck's picture

No clue - I was being sarcastic of course. 

Tue, 11/29/2011 - 20:25 | Link to Comment UnderDeGun
UnderDeGun's picture

Internet Pwners Initiating Confusion

Tue, 11/29/2011 - 15:50 | Link to Comment Doña K
Doña K's picture

That's just so easy.

Do a 50/1 reverse split and everything is back to normal.

What's wrong? 

Tue, 11/29/2011 - 17:39 | Link to Comment Freddie
Freddie's picture

I would love to have one of those Black Monday $2 Chinese waffle irons.  I would toss it in Buffett's bath while he was bathing and thinking of new SCAMS. 

F***king evil old Democrat sh**t. 

Tue, 11/29/2011 - 19:19 | Link to Comment Sheriff Douchen...
Sheriff Douchenik from AZ's picture

Freddie you rule.

Wed, 11/30/2011 - 01:05 | Link to Comment DeadFred
DeadFred's picture

Tough choice green for the delightful imagery or red for thinking Democrats are much different from the other guys. Went for green.

Wed, 11/30/2011 - 18:16 | Link to Comment Mo Bius
Tue, 11/29/2011 - 15:15 | Link to Comment MsCreant
MsCreant's picture

I'd just flush at this point, but it will clog things up horribly if I do so.

Tue, 11/29/2011 - 15:17 | Link to Comment CPL
CPL's picture

Look at Apple.  All large blocks dumping it.

 

Rats leaving retail and pensions in the hard place.

Tue, 11/29/2011 - 15:22 | Link to Comment SheepDog-One
SheepDog-One's picture

Everything I see going on, including the multiple articles from everywhere hyping QE, tells me the rats are desperate to dump and get the hell out.

Tue, 11/29/2011 - 15:29 | Link to Comment CPL
CPL's picture

Same here, french, english, chinese, russian...all pointing the same direction.  Nobody on teh top end believes QE 3 is coming, they are just using MSM to give themselves a chance to get out of the way.

 

Big assed smoke screen. 

Tue, 11/29/2011 - 15:46 | Link to Comment Spastica Rex
Spastica Rex's picture

What sudden catastrophic failure might look like:

http://www.youtube.com/watch?v=pKOYObwBZLc

Tue, 11/29/2011 - 16:02 | Link to Comment Nothing To See Here
Nothing To See Here's picture

I don't know why but that made me laugh really hard, thanks bud

Tue, 11/29/2011 - 16:44 | Link to Comment kito
Tue, 11/29/2011 - 18:09 | Link to Comment Spastica Rex
Spastica Rex's picture

I don't think you've won quite yet, but I think you soon will.

However, I also think that lots of government funded "services" we take for granted will in the longer term disappear. Examples include the postal service, comprehensive public schooling, and public transportation. Whether that's good or bad is a matter of interpretation.

But yeah - you win.

Tue, 11/29/2011 - 19:45 | Link to Comment kito
kito's picture

shall i designate a drop off zone for my prize?

Wed, 11/30/2011 - 12:41 | Link to Comment Spastica Rex
Spastica Rex's picture

Sure.

Tue, 11/29/2011 - 19:51 | Link to Comment BigSkyBear
BigSkyBear's picture

Sounds like the Euro Fiasco...every day or two it is another rumor of a bailout to save the Eurozone.

 

"Sell the rumor...Buy the facts BITCHEZ!!!!"

Tue, 11/29/2011 - 15:27 | Link to Comment madcuban
madcuban's picture

It would just go into a septic system anyway and boil back up later after everyone pretends it is all gone and everything is ok.

Tue, 11/29/2011 - 15:15 | Link to Comment 1835jackson
1835jackson's picture

Feb 2012 put options bought months ago for $5 handle....BAC is SOL

Tue, 11/29/2011 - 15:19 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Tue, 11/29/2011 - 15:28 | Link to Comment redpill
redpill's picture

Five

Five doller

Five dollar big baannnnkkk

 

I think I'll have a sandwich instead.

Tue, 11/29/2011 - 15:30 | Link to Comment CPL
CPL's picture

Even a five dollar footlong is 5.75 with tax.

Tue, 11/29/2011 - 15:31 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

IN WARREN WE TRUST.

Tue, 11/29/2011 - 15:34 | Link to Comment nope-1004
nope-1004's picture

IN WARREN WE TRUST.  EVERYONE ELSE IS FAIR GAME TO STEAL FROM.

There... fixed it for ya!

 

Tue, 11/29/2011 - 15:45 | Link to Comment kito
kito's picture

question: has grandpa warren ever invested a billion dollars or more in a company that went belly up?

Tue, 11/29/2011 - 15:50 | Link to Comment topcallingtroll
topcallingtroll's picture

Nope

And this one wont either. I am sure he was given an illegal promise of a government backstop. It is TBTF.

I AM A BUYER WITH A THREE HANDLE.

Tue, 11/29/2011 - 15:32 | Link to Comment The Shootist
The Shootist's picture

How long have you been waiting to use this?! Lol, it's been a long, drawn out death.

Tue, 11/29/2011 - 15:35 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Considering the rate of return on the premium it hasn't been that long, and so one can afford to wait.

Tue, 11/29/2011 - 15:43 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

He's BIG BANK HANK he'e everywhere!

Tue, 11/29/2011 - 16:10 | Link to Comment aerojet
aerojet's picture

Luckily, McD's still has a dollar menu, don't they?  You might some change with your cheeseburger and fries.

Tue, 11/29/2011 - 19:21 | Link to Comment Sheriff Douchen...
Sheriff Douchenik from AZ's picture

Dude - up here in Canada a small fries at Wendys (off the value menu) is up at $1.89. A brother like me (see my avatar) can't survive at prices like that.

Tue, 11/29/2011 - 21:28 | Link to Comment UnderDeGun
UnderDeGun's picture

With my Feb BAC puts and FAZ accumulation --- it, it IS beginning to look a lot like Christmas! 

(music swells)

It's beginning to look a lot like CDSmiss
Ev'rywhere you go;
Take a look at the news at Ten, their saying once again,
"The Euros a mess and banks are falling low."

It's beginning to look a lot like CDSmiss,
The Fed has fun in store,
But the prettiest sights to see are the PUTs on your options tree
When B-A-C hits the floor.

A bag full ammo and loot and pistols in their boots
Is the wish of Zero Hedge's darling men;
Bunds that go kerplop and serious market shock
Is not the hope of Henery and Ben;
While Harlequin and Redpill yell "let it spin!"

It's beginning to look a lot like CDSmiss
Ev'rywhere you go;
There's FAZ growing on the swell, looking to turn into gold as well,
The physical kind that cares not what the markets sows.

It's beginning to look a lot like CDSmiss;
Soon the bells will start,
And the thing that will make them ring is the arrow and the sting
Piercing through Goldman's heart.

Tue, 11/29/2011 - 15:15 | Link to Comment Irish66
Irish66's picture

Blackrock is on everyone of these stocks that fall

Tue, 11/29/2011 - 15:20 | Link to Comment CvlDobd
CvlDobd's picture

This is a stupid comment. the worlds largest asset manager (closet indexer) is going to be on every list until it all ends. I bet you'd be surprised to see BAC in XLF.

Tue, 11/29/2011 - 15:30 | Link to Comment Irish66
Irish66's picture

if you could read between the lines, it implies something

Tue, 11/29/2011 - 15:33 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Considering "asset" purchases by the Fed to circle jerk back into Treasuries, I think it would imply Treasuries are FUCKED too?

Tue, 11/29/2011 - 15:36 | Link to Comment CvlDobd
CvlDobd's picture

I disagree with the premise that bad stocks in BLK funds means the company is screwed. Just those that invest in their funds.

Tue, 11/29/2011 - 15:15 | Link to Comment death_to_fed_tyranny
death_to_fed_tyranny's picture

Bank Of Deceit. Bank of Shame. DIE BAC!

Tue, 11/29/2011 - 15:16 | Link to Comment Stack Trace
Stack Trace's picture

Hey, $5 is above $3. This stock has almost doubled since 2009! /sarc off

Tue, 11/29/2011 - 15:16 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Uncle Warren will soon need smelling salts to keep him from drowning while he soaks in his bath salts.

I'm sure Becky Squick is right there to ass-ist him.

Tue, 11/29/2011 - 15:21 | Link to Comment ReallySparky
ReallySparky's picture

Okay for weeks there have been references to Warren in the Bath.  Can someone provide a link to what you guys are refferring too?  I must have missed the story.

Tue, 11/29/2011 - 15:26 | Link to Comment dumpster
dumpster's picture

really sparky

 

warren bath tub is what google is all about .

try it .. lets your fingers do the walking ..

Tue, 11/29/2011 - 15:32 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

This is a good point of topic.  He was speaking Illuminatti for,

I am going to take a wash on this investment, because I can, bitchez

Tue, 11/29/2011 - 15:47 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

Here's your HOTLINK to that...

http://justfuckinggoogleit.com/

Tue, 11/29/2011 - 17:12 | Link to Comment baby_BLYTHE
baby_BLYTHE's picture

Alan Greenspan also wrote his memoirs while soaking in the bath. It is a tradition of the illuminant to immerse themselves in a pool of their own filth while they plot to shit on the world

Tue, 11/29/2011 - 15:22 | Link to Comment stock trout
stock trout's picture

Uncle Warren has nothing to worry about. His investment is firmly backed by me, others like me, and our children and grandchildren...ie. the US taxpayer.

Tue, 11/29/2011 - 15:49 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

So I guess that makes me an unwitting contributer to the EUGENICS movement... I should be ashamed of myself (assuming my tax bill is fully paid & up to date)...

Tue, 11/29/2011 - 18:10 | Link to Comment brew
brew's picture

when BAC goes to $2 there will be some baby ruth bars floating in the tub...

Tue, 11/29/2011 - 15:17 | Link to Comment SheepDog-One
SheepDog-One's picture

My question is not concerning who would have to sell....but who would there be to sell to?

Tue, 11/29/2011 - 15:17 | Link to Comment LawsofPhysics
LawsofPhysics's picture

...do you want to buy my December puts?   LOL - all the way to the bank - thanks ZH.

Tue, 11/29/2011 - 22:09 | Link to Comment Catflappo
Catflappo's picture

well, as long as it is not BAC you are LOLing all the way to....

Tue, 11/29/2011 - 15:18 | Link to Comment Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

going

 

d

o

w

n

 

Tue, 11/29/2011 - 15:17 | Link to Comment Johnny Yuma
Johnny Yuma's picture

$2.53 here we come! 

Tue, 11/29/2011 - 15:18 | Link to Comment Comay Mierda
Comay Mierda's picture

Reverse split, bitchez

Tue, 11/29/2011 - 15:19 | Link to Comment JailBank
JailBank's picture

Every time BAC gets down near $5 it magically comes back to life. Somebody must like it at the FED.

Tue, 11/29/2011 - 15:24 | Link to Comment traderjoe
traderjoe's picture

'They' will not go quietly, nor without a fight.

Tue, 11/29/2011 - 15:51 | Link to Comment ucsbcanuck
ucsbcanuck's picture

IPIC - anyone know anything about these guys:

http://www.bizjournals.com/charlotte/blog/bank_notes/2011/11/ipic-group-offers-to-buy-500-million.html

You know they can't allow it to drop below $5. Can you imagine the trouble if it does? Too many big names own BAC. Too many well-connected names.

Tue, 11/29/2011 - 15:19 | Link to Comment youngman
youngman's picture

Who is going to pay on all of their CDS´s????  Maybe they can borrow some of the USA cash from AIG....

Tue, 11/29/2011 - 19:07 | Link to Comment Amish Hacker
Amish Hacker's picture

Nobody's going to have to pay out on the swaps, since any default will be declared "voluntary," and therefore won't be a triggering event.

Tue, 11/29/2011 - 15:19 | Link to Comment Seer
Seer's picture

Financial institutions owning stock in other financial institutions.  Just one big circle-jerk.

Tue, 11/29/2011 - 15:45 | Link to Comment Grinder74
Grinder74's picture

Is that like a Sandusky football drill?

Tue, 11/29/2011 - 15:20 | Link to Comment stop.snitching
stop.snitching's picture

Awwww yeahhhhhh Muddy Waters on CNBC!

Tue, 11/29/2011 - 15:20 | Link to Comment Cleanclog
Cleanclog's picture

Bank on the Bleeder (back in the day, the ditty was "Bank on the Leader")

Too bad they bought the bullshop.  Needed a bear.

Tue, 11/29/2011 - 15:20 | Link to Comment traderjoe
traderjoe's picture

All the king's horses and all the king's men, couldn't put humpty dumpty back together again.

Tue, 11/29/2011 - 15:21 | Link to Comment Bruce Krasting
Bruce Krasting's picture

Bear Stearns owns 27mm shares?? (last on list)

Tue, 11/29/2011 - 15:33 | Link to Comment Sunset chaser
Sunset chaser's picture

They might have to file for bankruptcy over this one.

Tue, 11/29/2011 - 15:40 | Link to Comment Deadpool
Deadpool's picture

add those to JPM's pile.

Tue, 11/29/2011 - 15:46 | Link to Comment Blano
Blano's picture

Yeah I was laughing at that one.

Tue, 11/29/2011 - 17:16 | Link to Comment luckylogger
luckylogger's picture

Same here-- Can you f*&)^g believe it.

Bear  sterns owns the biggest tbtf bank stock......

Tue, 11/29/2011 - 15:21 | Link to Comment kloot
kloot's picture

and to happen when the spy's are green for the majority of the day. wow

Tue, 11/29/2011 - 15:21 | Link to Comment treemagnet
treemagnet's picture

Answer: none.

Why?  Because when limits and rules are breached, they just ignore them or make new ones. 

Tue, 11/29/2011 - 15:22 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Buy buy Ms. Bank of American pie,
Drove my Bentley to the discount window and the white shoes were gettin high,
Singing (chorus) "soon will be the day when it di-ay-ay's".

Get your guns and gold bitchez!

Tue, 11/29/2011 - 15:23 | Link to Comment brucef9321
brucef9321's picture

why would they be forced to sell at $5.00?

 

Tue, 11/29/2011 - 15:24 | Link to Comment Everybodys All ...
Everybodys All American's picture

equities that trade below 5 are no longer marginable.

Tue, 11/29/2011 - 15:30 | Link to Comment SheepDog-One
SheepDog-One's picture

Funds and municipalities and all that can not own stocks under $5, theyre a different class of stocks, not marginable, and considered less stable. Theyre supposed to have more solid assets.

Tue, 11/29/2011 - 15:28 | Link to Comment bob_dabolina
bob_dabolina's picture

Normally mutual funds dump at @ $5 and most have rules that prohibit them from holding below the $5 level

Stocks trading @ $5 or less are also classified as penny stocks

Tue, 11/29/2011 - 15:41 | Link to Comment Deadpool
Deadpool's picture

expect 10:1 reverse split like C did. lot's of HFT in mean time.

Tue, 11/29/2011 - 15:26 | Link to Comment Everybodys All ...
Everybodys All American's picture

BAC is the linchpin on the entire market right now IMO and most traders are well aware of where it is trading..

Tue, 11/29/2011 - 15:28 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Agreed.

BAC was *the* reason for the BS rally back in October, and it was the reason for the "Europe is saved again - Edition 230" yesterday.

It will go below $5 tomorrow, if not today. After that, tilt - game over! You lose.

And so do I.

Same as it ever was.

Tue, 11/29/2011 - 17:33 | Link to Comment azusgm
azusgm's picture

Gotta post it.

 

http://www.youtube.com/watch?NR=1&v=I1wg1DNHbNU

 

 

http://www.purelyrics.com/index.php?lyrics=pxfpopzy

Talking Heads
Once in a Lifetime (1984)
Once In A Lifetime

And you may find yourself living in a shotgun shack
And you may find yourself in another part of the world
And you may find yourself behind the wheel of a large automobile
And you may find yourself in a beautiful house, with a beautiful
wife
And you may ask yourself-Well...How did I get here?

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

And you may ask yourself
How do I work this?
And you may ask yourself
Where is that large automobile?
And you may tell yourself
This is not my beautiful house!
And you may tell yourself
This is not my beautiful wife!

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...

Water dissolving...and water removing
There is water at the bottom of the ocean
Carry the water at the bottom of the ocean
Remove the water at the bottom of the ocean!

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/in the silent water
Under the rocks and stones/there is water underground.

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

And you may ask yourself
What is that beautiful house?
And you may ask yourself
Where does that highway go?
And you may ask yourself
Am I right?...Am I wrong?
And you may tell yourself
MY GOD!...WHAT HAVE I DONE?

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/in the silent water
Under the rocks and stones/there is water underground.

Letting the days go by/let the water hold me down
Letting the days go by/water flowing underground
Into the blue again/after the money's gone
Once in a lifetime/water flowing underground.

Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...Same as it ever was...
Same as it ever was...Same as it ever was...

Tue, 11/29/2011 - 15:40 | Link to Comment Sunset chaser
Sunset chaser's picture

The relative weakness is very obvious today too. I wonder....if it breaks below $5 will it be violent, hard, and sudden, or will it just drift through and below.

Hard to imagine it would be the latter. Instead it seems more likely that there are a lot of stops (both in place and mental) right around there.

But then again, do any of these funds really have to sell if it breaks below $5?

Tue, 11/29/2011 - 15:45 | Link to Comment Tsar Pointless
Tsar Pointless's picture

Sunset chaser, I imagine that's what they were doing since Sunday afternoon when the futures went to the moon.

That rhymed. Such a poet.

Once BAC goes below $5, the panic to get out will be immeasurable.

It won't take long until BAC is below $4.

Elevator straight down to zero.

Tue, 11/29/2011 - 16:14 | Link to Comment HungrySeagull
HungrySeagull's picture

Elevators are good to the last drop dontcha know?

Tue, 11/29/2011 - 15:53 | Link to Comment Everybodys All ...
Everybodys All American's picture

There will be a battle drawn on this stock at $5 because it is so vital to the market. Definately worth watchng. Forced selling is going to be as stealth as they can make it look. Make no mistake this is going to eventually test Dodd-Frank. It is my contention Mr. Frank decided not to run because he knows his bill is a cluster and that tax payor funds will be once again needed. Good luck trading.

Tue, 11/29/2011 - 16:18 | Link to Comment scatterbrains
scatterbrains's picture

and on a technical basis, what ever that's worth, BAC's RSI weekly basis suggests it's about to launch higher if only temporarily.

Tue, 11/29/2011 - 15:24 | Link to Comment yogibear
yogibear's picture

Maybe Bank of America can rename and become Bank of Mexico. There are plenty of Drug lords looking to launder money. Giving Credit cards without Social Security numbers was a start for BAC.

Tue, 11/29/2011 - 15:42 | Link to Comment Deadpool
Deadpool's picture

or just back to original name: Bank of Italy. same rep.

Tue, 11/29/2011 - 15:24 | Link to Comment Josh Randall
Josh Randall's picture

$2 stocks rock because it doesn't take long to double your money...right?

Tue, 11/29/2011 - 15:24 | Link to Comment non_anon
non_anon's picture

where's Ken Lewis when you need him

Tue, 11/29/2011 - 15:40 | Link to Comment willien1derland
willien1derland's picture

Ken Lewis is with Angelo Mozillo - they went half on a BOGO Free tanning offer...I wonder if 'Bennie & The Timms' do not intercede does Monyihan invoke the 'CountryWide Financial' NUCLEAR BANKRUPTCY OPTION? -

Tue, 11/29/2011 - 15:24 | Link to Comment Its the Vatican...
Its the Vatican Stupid's picture

When is the Muddy Waters report on THESE guys coming out?

I'm not a proffesional analyst, but I have this really eerie feeling that BAC is just as fraudulent as your average Chinese junior...

...nah, couldn't be. What am I thinking? <shakes head> 

Anybody know who's favored in the Eagles game on Thursday night?

Tue, 11/29/2011 - 15:35 | Link to Comment Duuude
Duuude's picture

 

Not Andy

 

Tue, 11/29/2011 - 15:25 | Link to Comment slaughterer
slaughterer's picture

This rule that institutions cannot hold stocks trading below $5 is not as inflexible as you think.  

Tue, 11/29/2011 - 15:27 | Link to Comment SheepDog-One
SheepDog-One's picture

Well Im sure that if a stock happens to drop under $5 they dont have to by rule liquidate it within the hour or they lose it all, but it presents problems.

Tue, 11/29/2011 - 18:05 | Link to Comment Freddie
Freddie's picture

Check out all the NY state pension plans that own this bag of shit.  The NY Teachers, the NY State plan.

Under $5 and they will have to dump it. I would like to go into a BAC lobby and take a dump.  BAC - favorite bank of illegal aliens.

Tue, 11/29/2011 - 15:32 | Link to Comment redux2redux
redux2redux's picture

Kind of like the line from the Pirates of the Caribbean on the 'Pirate Code'.

 

the code is more what you'd call "guidelines" than actual rules

Tue, 11/29/2011 - 20:23 | Link to Comment Jackfish
Jackfish's picture

Which of course, was lifted directly from Bill Murray in Ghostbusters.

Murray as Dr. Peter Venkman: "I have a rule about slereping with possessed clients"

Sigourney Weaver as Dana starts to kiss him aggressively.

"It's actually more of a guideline...."

 

 

Tue, 11/29/2011 - 15:26 | Link to Comment RobotTrader
RobotTrader's picture

Bring back Hugh McColl!!

Otherwise,

"Bathtub Becky" will have to give Uncle Warren another "slobber-bobber" to calm his nerves.

Or invite Michelle C-Squared to join in to smother his face and put him out of his misery.

LOL.....

Tue, 11/29/2011 - 15:28 | Link to Comment SheepDog-One
SheepDog-One's picture

Dang, and you were so hyped up about the financials just a few days ago...

LOL...

Tue, 11/29/2011 - 15:33 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think Robo bought Financials and retail a few weeks ago.

Got TIF for the holidays?

Tue, 11/29/2011 - 15:34 | Link to Comment Vergeltung
Vergeltung's picture

I gave you +1 for the imagery.

 

Tue, 11/29/2011 - 15:27 | Link to Comment Sunset chaser
Sunset chaser's picture

Some pretty big names on that list Tyler. Looks like this could be a big step towards a changing of the guard as far as financial dominance is concerned.

$50B in market cap against $2T in debts? We about got ourselves a deer in the headlights moment for damn sure.

Tue, 11/29/2011 - 15:29 | Link to Comment yogibear
yogibear's picture

Corzine is looking for another job dealing with money. Here's your chance BAC.

Tue, 11/29/2011 - 15:29 | Link to Comment swissaustrian
swissaustrian's picture

The who is who of wall street idiocy.

Tue, 11/29/2011 - 15:30 | Link to Comment s2man
s2man's picture

Day Low $5.03

Tue, 11/29/2011 - 15:30 | Link to Comment junkyardjack
junkyardjack's picture

And I just ran out of popcorn, time to reup

Tue, 11/29/2011 - 15:31 | Link to Comment bania
bania's picture

I just can't seem to shake their name BATH OF AMERICA.

Tue, 11/29/2011 - 15:32 | Link to Comment Tsar Pointless
Tsar Pointless's picture

BAC went from 5.25 down to 5.03 today.

I say let it get to around $5.11 to $5.14, roughly the 38.2% and 50% retrace marks.

Then watch as hilarity ensues and gravity does its thing.

Tue, 11/29/2011 - 15:32 | Link to Comment RobD
RobD's picture

It looks like the ppt had to come off the bench a little early today. Ramp time! Just in time to lift BAC.

Tue, 11/29/2011 - 15:33 | Link to Comment Sigma X
Sigma X's picture

The definition of penny stock is now anything that breaks the buck, ever-worthless though it may be....

Tue, 11/29/2011 - 15:43 | Link to Comment willien1derland
willien1derland's picture

in Nominal or Real terms...just trying to make a case for QE3...I mean what will Brian Sacks do - POMO & QE3 - Perfect together...

Tue, 11/29/2011 - 19:27 | Link to Comment Sheriff Douchen...
Sheriff Douchenik from AZ's picture

+1 for Sigma's avatar

Tue, 11/29/2011 - 15:33 | Link to Comment apberusdisvet
apberusdisvet's picture

Yea though I walk through the shadow of death, the Bernank and uncle Warren are with me; I will fear no evil regulators or dumb sheeple.

<sign above the door to the Executive Circle Jerk Room at BAC HQ>

 

Tue, 11/29/2011 - 15:33 | Link to Comment surf0766
surf0766's picture

Honest Question. How much selling of BAC kicks in at $4.99 ? Is there anyway to really know?

Tue, 11/29/2011 - 15:34 | Link to Comment sullymandias
sullymandias's picture

I see JPM on that list at least three times, including the Bear Sterns entry at the bottom.

Tue, 11/29/2011 - 15:36 | Link to Comment TooBearish
TooBearish's picture

5$ will be defended aggressively- maybe a dip below to trap momo shorts but will be defended.........

Tue, 11/29/2011 - 15:35 | Link to Comment Jonas Parker
Jonas Parker's picture

Funny! I didn't see Lehman Brothers on that list...

Tue, 11/29/2011 - 15:56 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

Has CALPERS ever invested in anything that went up?

Tue, 11/29/2011 - 15:36 | Link to Comment jcaz
jcaz's picture

Nah, $5 is the new $50.....

Oh wait, that's right-  just like Uncle Citibank- cue reverse split.........

Tue, 11/29/2011 - 15:36 | Link to Comment Teamtc321
Teamtc321's picture

Audit The Federal Reserve Reveals 16 Trillion in Secret Bailouts

 

The list of institutions that received the most money from the Federal Reserve can be found on page 131 of the GAO Audit and are as follows..

Citigroup: $2.5 trillion ($2,500,000,000,000)
Morgan Stanley: $2.04 trillion ($2,040,000,000,000)
Merrill Lynch: $1.949 trillion ($1,949,000,000,000)
Bank of America: $1.344 trillion ($1,344,000,000,000)
Barclays PLC (United Kingdom): $868 billion ($868,000,000,000)
Bear Sterns: $853 billion ($853,000,000,000)
Goldman Sachs: $814 billion ($814,000,000,000)
Royal Bank of Scotland (UK): $541 billion ($541,000,000,000)
JP Morgan Chase: $391 billion ($391,000,000,000)
Deutsche Bank (Germany): $354 billion ($354,000,000,000)
UBS (Switzerland): $287 billion ($287,000,000,000)
Credit Suisse (Switzerland): $262 billion ($262,000,000,000)
Lehman Brothers: $183 billion ($183,000,000,000)
Bank of Scotland (United Kingdom): $181 billion ($181,000,000,000)
BNP Paribas (France): $175 billion ($175,000,000,000)
and many many more including banks in Belgium of all places
View the 266-page GAO audit of the Federal Reserve(July 21st, 2011):http://www.scribd.com/doc/60553686/GAO-Fed-Investigation

Source: http://www.gao.gov/products/GAO-11-696
FULL PDF on GAO server: http://www.gao.gov/new.items/d11696.pdf
Senator Sander’s Article: http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4b...
www.unelected.org

 

http://www.dailypaul.com/188540/audit-teh-federal-reserve-reveals-16-trillion-in-secret-bailouts

Tue, 11/29/2011 - 15:52 | Link to Comment JohnFrodo
JohnFrodo's picture

When you say bailout, is this a pure gift, or will money be returned?

Tue, 11/29/2011 - 15:55 | Link to Comment Deadpool
Deadpool's picture

returned? HAHAHAHAHAHAHAAHHAHAHAHAHAHAHAHAAAAAAAHHH                HAHAHAHAHAHAHAHAHAHAHAHAHA

Tue, 11/29/2011 - 16:35 | Link to Comment ucsbcanuck
ucsbcanuck's picture

Mix it up like the Joker, Deadpool i.e.

Hahahaha

Hahaha

Ha

Hoo

Hee Hee

Ho

(smile)

Tue, 11/29/2011 - 17:57 | Link to Comment azusgm
azusgm's picture

$853,000,000,000 to Bear Stearns.

When?

Has Bear Stearns morphed into the Fed's BS fund that rigs the market? How do you get rid of a zombie?

Tue, 11/29/2011 - 15:41 | Link to Comment grunk
grunk's picture

American Airlines,

Bank of America,

American International Group,

United States of America.

I'm seeing a pattern.

Tue, 11/29/2011 - 15:58 | Link to Comment Potemkin Villag...
Potemkin Village Idiot's picture

America! Fuck yea!

Tue, 11/29/2011 - 15:37 | Link to Comment azzhatter
azzhatter's picture

Dickless Bove heard on CNBC saying- If I could buy shares in any company it would be BAC.  I'd even sell my Bear Stearns and Lehman stock to get BAC

Tue, 11/29/2011 - 15:58 | Link to Comment Pancho Villa
Pancho Villa's picture

I would love to know what Bove *really* has in his personal portfolio. If he has followed his own public advice, he must be practically broke.

Tue, 11/29/2011 - 15:40 | Link to Comment youngman
youngman's picture

If it goes below $5...just wait for the end of quarter window dressing...no one will want to be on that list...and who will cover.....probably the ECB thru the IMF fund being backed by the Japanese , Chinese, Brazil, and the USA...and teh Yoblonsky Brothers from New Jersey

Tue, 11/29/2011 - 15:40 | Link to Comment yogibear
yogibear's picture

How about a reverse split? How about a 10 to 1 reverse? Start from a new high.

Tue, 11/29/2011 - 15:41 | Link to Comment Dr. Engali
Dr. Engali's picture

Bac will be a $50.00 after the reverse split. Of course they will have to do it again sometime down the road. But the important thing is that the institutions won't have to dump this extremely valuable company.

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