this is just nuts - stock was manipulated to runup 8 weeks before earnings and now it's doing a cliff drop based on the reality of $1 billion loss, no new business, no business prospect and fat with Facebook in its portfolios from which no recovery is in sight
What you fail to comprehend is the fact that these stocks have already been beaten down for the past couple of years.
As they sit now they are oversold as armageddon has been priced in over the past couple of years and they are way below book value. And as we all know, things continue to improve, albeit slowly, none the less improvement continues.
That is of course unless you are part of the doom and gloom crowd, But if you are a business man in the real world you continue see those improvements and don't need to rely on the shill media for your "news"......
You missed the short boat by a couple of years, now is the time to go long.
Dude you seem intelligent - forget BAC with their ML monkey tightly wrapped our their necks and bad mortgages none want to discuss either way. MS is the topic not BAC - Gorman is full of crap - this is a house of cards and he managed to distract all of us with the "look over here" tactic before earnings (check back on all MS related activities). None of those activities
made $1 worth of difference to their ongoing lack of recurring business, new business or investments in FB. Tell me when and where are all thos losses going to bubble up in their portfolios - Q4 that's where - even if this thing runs to 20 it'll be just more money in their pocket - don't kid yourself that they don't have a vehicle to runup their stock through 3rd parties.
hey you're entitled to your opinion - if you're in the money hold tight - like it or not we're all being scammed one way or another - bail if you've made your nut 15.50 as sure as winter comes - check the trends my friend -- this puppy never should have legs the way it did for 8 weeks - put lipstick on a pig and it's still a pig