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With Bank Of America On The Verge Of Breaching $5.00, Our Question Of The Day Is...
... 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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Quick! name one reverse split that didn't hit a 52 week low within a year...can't.
A reverse split would be glorious - means that it will drift down to $5 quicker, and my puts will pay out.
Sooooo not the issue when you're in survival mode.
I hope you realize that was sarcasm at the end.
Great spike in PM. Look for a move higher for the complex this next week.
"Its waaay not different this time." Don't forget these punks are Two Big Too Fail. A visit to the Window, a little mixing and marking in the corporate accounting room and a little scrub a dub dub one Warren in a tub and Presto!; No problema!!
BoA all the way
Buffett is climbing in the hot tub now
Golgafrinchan. Wonder if his father was a telephone sanitizer. Sort of doubt it, Don Ameche hadn't invented the telephone yet.
BAC will be defended: large blocks bought at $5.04 today.
Agreed. Too much is riding on it staying up above $5.
I don't think we can underestimate, the power of the CRIMINALS, this close to X-mas!...
Could wake tomorrow, looking at BAC @10.00 and some change!...
NOTICE THE GAP YESTERDAY??...CRIMINALS till the end!
what happened to that guy who wanted to buy BofA? wasshisname?
BofA says, "We won't". It won't ever be a four. Even if it is below 5, we will say it isn't and that will be the truth. We can pay to make 4 a 5. We do it all the time. We only owe a couple billion. Not the 100 billion we have lost. That is lost, you don't count that except that it is our real tangible stuff that has real value on our books even when it doesn't exist. We would like to thank Texas Instruments for making us these new calculators that work for our business model.
Low 5.03. Last Quote 5.15
It's amazing how often ZH points out something regarding stock/bond prices and then they reverse course. FED must be reading ZH.
Hmm. And now back below $5.10/share.
Hmm. Stocks retrace moves down, and moves up. Hmm. That's something different.
Check back in an hour to gaze sheepishly at the beautiful 4-handle BAC will be sporting.
Then make a wise-ass remark.
The Fed checks ZH in between porn videos.
I'm sure ZH IS porn for some at the Fed
A mass 1% haircut
don't forget they moved trillions onto the FDIC and the Fed is buying MBS from them. they'll survive awhile longer.
The FDIC does not help until they move in and restructure.
When that happens, FDIC itself will get help from the Fed. That's the only place there are enough clownbux.
I thought Buffet bought $5 billion, not $3.6 billion...oh. Well, it should help offset some other "gains" for tax purposes. :D
Somewhere in Seoul Korea - The Korea Investment Corporation Board of Directors calls an emergency meeting...Mr. Park makes the following assessment 'Awww, Trim Greinthner, Jret Set Millionaire Prayboy tell me, 'Ohhh you buy Brank of 'Merica stock and you make rots of money...brig frat RIAR!!!! - Mr. Lee responds 'that is the cronsequence of taking strock advice from imbecile who can't work Trurbro Trax!"
70.000 Mn USD in hybrids related to EURO PIIGS exposure
Blue Horse Shoe Luvs BAC...just sayin'
All fiat currencies eventually go to zero. In 1929, people jumped out of windows. The understanding of zero dollars is a rude awakening.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
But isn't the B of A bankruptcy the entire point of the exercise? Isn't that the reason Uncle Warren invested? Isn't Uncle Sam going to have no choice but to come to the rescue so Uncle Warren and others can make lots of money? Aren't they going to use B of A to plug the holes in JP Morgan's and Goldman's balance sheets by dumping all of their toxic European crap on B of A's books through some creative back room deals that they are working on right now. Didn't we know when Uncle Warren made that investment that the tax paying sheeple would be on the hook for the mother of all bail outs?
Can't speak for others, but my answers are yes, yes, yes, yes and yes.
BRK.A? This must be the trade of a life time.
Most of you are forgetting C. That once-proud bank that now opens cheap 'branches' in damaged Amerikan suburbia that look like Subway outlets.
They will just 1-for-10 BAC and wallah.
Just like they did for C.
Sure. Just don't own them. You are over your head if you think that is a fix.
Watching BAC stock around the $5 mark is like watching Arsenal attack: They pass the ball around but never penetrate into the box to take a shot.
One for ten reverse split seems inevitable soon.
With stock hitting $5, BoA quickly decides to re-brand itself:
If you add 99 + 1 you get 100
Another one showing we're all in it together
Making sure JP Morgue doesn't get all the 'protection'
I love the 28 year old buyside f-tards who believe Buffoon is god. I guess with no believe system having Buffoon as a god makes sense. These losers sit on their my "FCF models as copied from Buffoon are the only way to invest' and look down their nose at any other investment style. Soon to u little f-tards, BAC is gonna be codeword for your weekly helping of foodstamps.
It briefly broke $5.
Prints at $4.98 and $4.99.
Game's up.
BANK OF AMERICA HAS BEEN BANKRUPT FOR MOTNHS IF NOT YEARS AND WILL FILE FOR BANKRUPCY PRETTY SOON...SHARE PRICE IN TODAY'S MARKET IS WORTH NO MORE THAN $2 A PIECE..ANYONE INTERESTED?
$2 A PIECE or $2 a piece?
Buddy tone down on the caps OK!
It is now cheaper to own a share of BAC than to get a BIG MAC hahahaahha
Where's Dick Bove?
Your correct, they will start to sell to get out of BAC and hoard their money.
http://www.youtube.com/watch?v=l4w6q0cxdpU
ok
Maybe the Chinese will come in & short this son-of-a-bitch out of existance.
Long Madoff, Crack Rocks, and Hard Spank "the Snake" Paulson.
And its gone
Wow, the news even made CNN Money:
http://money.cnn.com/2011/11/29/markets/bofa_stock/
But will the sheeple watch?
Nothing a good ol' 1:10 reverse split can't handle.