Bank of America Corporation Message Board
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Bought BAC TODAY !!!!!! Why?
Bank of America has tons of cash. You don't sell the stock of the largest bank below $12.
They stop foreclosures. Who cares? It will be restarted in no time. Many would hope for a few months? Why? To heal the economy dear.
How? All those houses will not be on the market and the real estate prices will go up sharply. There will be not enough houses on the market. It is my theory.
Chi Chi Chi le le le Viva Chile !!!!
Bought long BAC shares to my ETFC account today and this is my disclosure.
Will buy more BAC shares from my 401K account on Monday, if BAC trades below $12.50 and my money is available in that account after the last sale of another stock. This is my disclosure also.
My opinion below: You don't want to miss the opportunity to buy BAC shares that cheap. imho
Do you share my point of view?-
great buying opportunity... backed up the truck myself... wise call. value.
- 1 Reply to valuestocker
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The nonsense will stop this weekend as solution is coming and watch for Bank rally to lift all markets next week
Bank stocks 13-14 next week and double in 1 year!
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Cheap stock does not mean BUY
Otherwise you should Citibank because it is still cheap.
I think it is going to single digit.- 1 Reply to kalpesh44
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Only foolish will buy when it is still in down trend.
Broken support, new year low.
Buy when it becomes a clear uptrend.
You just don't know where is the bottom.
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BAC will be forced to buy back fraudulent MBS's. This bank is history. Taxpayers will not allow tarp 2. Resolution authority will be used.
- 2 Replies to boogienights6960
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Even if they are forced to buy back the MBS's. There will be litigation. The original purchaser of the CDO will only want to give back the non performing parts and not the performing ones. BofA will then sue, saying we will take them all back including the performing parts since that was the way they were bundled. The litigation will last for years and, I believe, they will end up breaking even over the long run.
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everything looks fraud because house prices have comedown. What about people who bought those same securities last year they have doubled and they should return their profits too to people who lost money by buying securities housing peak. Stock investors also should get money, they have lost money too and bought banks stocks.
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You are absolutely right! Think about it, they didn't have to disclose this! Basically, they notarized the documents w/an assigned notary signature! Big deal! I too plan on buying BACPRW pays 7% if lower on Monday or at close. Hey, their not going under, the government won't let them, they paid back their tarp, their sitting on money.........and who's going to sue them....the guy that couldn't pay his house payment for 2 years! Let's be smart about this once and for all and make a few dollars on this blown up media crap! I will.....if you don't, I'll bet you in a month (particularly after November 2) you'll be sorry.
I held back before during the crisis, I could have been rich w/the rest, but no....I believed everything that was exploited in the papers. BAC is not going under....let's make some money! -
I think you tried that in August. Didn't you. And then you cried:
"I have to recover my losses. Bought higher. Sold at 12.49 with loss counting on a pullback... Bought at 13.25 (cash) and added at 13.40 on margin."
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_B/threadview?bn=1903&tid=1494515&mid=1494589
So, you are doing the same thing again and expecting a different result? LOL. There is a definition for that. You know...- 1 Reply to telezz10100
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HAHA -EXPOSED
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NO- BANKS ARE NOT LENDING..
- 3 Replies to jam9011
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exactly. to get a loan on anything, you'd have to take a hammer and chisel to the meeting because there is a piece of granite on the other side of the desk who really just as well would buy gov't bonds that are guaranteed. Again, who can actually blame them anymore? If I was a bank, I don't think I'd ever write a mortgage loan again. Ever. As in, ever.
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It's a good move. This company is making a ton of cash from its trading sector. The longer the market keeps moving higher, the more BAC will make, which will offset the morgage losses.
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Banks are not lending to the idiots with no money or to not responsible people with bad credit and this is how it should be.
Some of us can get a loan at any time.
I pay all my bills on time and my three scores average is higher than 850.
People with the credit score below 600 should not be allowed to enter any banks. imo
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