Odd...god supposedly made THAT...and yet hes supposed to take pre-game football team prayers seriously?
Hypocrisy???? LOL! Really? YOU are calling someone else a hypocrite? LOL! You and zero_loser are tied for first place in the hypocrisy category. Loser with his sick obsessions, and you with... well, your OCD obsessions.... LOL!
Perversion and anger, loser, that is what you are made of. You post hatred then accuse others of doing same. You post your analobsessions then suggest that others share your perversion. You are one sick puppy.
Although POTUS could ask Congress to pass a law to remove the uptick rule, I do not think "W" was behind it's removal. Same thing for the "mark to Market" rule. I also believe that both of these items played a large role in the collapse in 2008. They should have never removed the uptick rule and should reinstate it.,
The stock market was not create as a Las Vegas place to gamble and make money on everything that moves. It was designed as a way to facilitate the sale and transfer of shares of company ownership for investment.
And they will. You may be assured of that. The capitalization required is not met with the number of shares outstanding,..not at this time, but it was. So now, as the float is reduced the PPS increases to offset the capital difference. A win-win for Company and shareholder alike. Before our government pushed to have low income mortgages available, BAC had at one time a PPS of 46. AFTER a 2 for 1 split. Gonna' take some time of course but we see this again when buybacks are ongoing. If we can reduce float to maybe 5-6 Billion shares one needs only to do the math. C for example has but 3+ Billion shares outstanding.
Right on! Not the least bit concerned are we. Seems the shorts are "playing" the BAC uncertainty to their advantage,..and it works. Even though the doubt is going away, there is a lingering concern and the hedgies know this. So they can provide some "incentive" to get a so called "analyst" to spew some meaningless, but negative copy on ANY stock. Down it goes,..therein creating a good buying opportunity. That's what is happening right now. BAC is at the level of a "channel" where it can still be day traded. Outfits like G/Sachs and Credit Suisse want to keep it there for obvious reasons. Easy to control cheaper shares as you get more. shares either direction.
sexec agreed - if they were in trouble as the shorts were saying - then why would Warren Buffet - make a statement - how much they value this investment - an how much they think of BAC - an even think that Warren would let something happen to his investment - anything is possible - but highly unlikely in this case .!!
Purchase of nice pistol with holster and open cary permit in order.Called fighting chance.Jungle Rules.
LOL. Yeah, saw them at a lunch table in the White House a while back,..Sharpton sitting right next to Obama,..both laughing gleefully. That must have been the deal maker. BOTH are devout racists to the core.
Sad as He is a good person. Surrounded by "animals"!! Best that He does get out and "fade" for now. Also, He needs to be told to make friends with the likes of Sam Colt, Gaston Glock, Dan Wesson, and others. Never doubt the validity of the terms: LOCK AND LOAD". Sadly our society is becoming increasingly dangerous as the liberal policies of this "administration" have allowed way too many criminals to be loose.
Seem it was "W" who allowed this to be removed. Not smart, and we have told Him so. Look at the "damage" to BAC market cap owing to the lousy PPS. Now then divide by the 10.5 Billion shares in the float. SImple logic is that shorting is doing serious damage to the shareholders. Not to get political here, but as we know current POTUS loathes capitalists, so don't bother with Him. Get message to your congress persons and push them to reinstate a new UPTICK RULE. Or, a tax on any short trade,..maybe 1%, or lastly a maximum number of shares that can be shorted in any single trade per broker/exchange. The H F T exchanges pay a rebate to any broker/fund that uses one of the 12 HF T exchanges. Everyone makes something EXCEPT the long term shareholder! Suggest DD on this issue as it is having a very serious consequence on all to include BAC PPS big time! PPS would no doubt be at least book by now. That's 21.75. Maybe more as are the others in sector.
Lots of shorts here and they are paranoid to say the least. Not to be concerned as we try to be objective in a hopefully educational forum, however, at times one has to wonder if it is worth it. The political diatribe gets very old!
Now then regarding the divy and buyback. First of all to think BAC will fail the stress test is absurd at best. Just look at the cash, non-toxic assets, etc. The analysts we have spoken to and met with pretty much agree as to numbers at or near our previous Post. EPS maybe .30-33, on revs of 21.8-22.6 BILLION. We're a bit more conservative and see like 21.6-9 B. Divy to .08-.10, and buyback 4 Billion give or take 500 Million. Be nice to be on the low side, but hang tight. Oh yes, that article about March 11 to sell is positively stupid. Assuming BAC has these numbers, with all the B/S behind the Company will be fine. Management changes are common, and the non producers are going away.