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Bank of America Corporation Message Board

  • toothpaste2013 toothpaste2013 May 28, 2013 3:59 PM Flag


    all other banks up 3 times more than BAC, and again, BAC is far too behind from its peers. When the market goes down, BAC leads its peers in the downturn market. Another disappointing day from BAC

    IRE up - 1.80%
    JPM up - 1.71%
    GS up - 1.66%
    BAC up - 0.55%

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    • BAC Pre-market: 13.25 -0.10 (-0.75%)

    • "tooth":
      Fully agree it has become a real pain to see this B/S every day. Stock should be at least book by now. Book hovering around 20.63 at last DD. Others as Posted are at book or better. One serious flaw with BAC is BAC was ALLOWED to be "controlled" as soon as Dodd-Frank was imposed by this administration. Yes, PPS was way down first, but Bill has had a lot to do with it. O.K. With a low PPS the hedge funds moved in, and were permitted to do so by SEC apathy. The hedge funds have literally controlled the Stock since then. Pennies on strength, short selling, keeping the PPS low so as to control more shares.
      After judges ruling we will see a spike, but the hedgies will take it off the top again! Beginning to think maybe money best used elsewhere. This thought after 23 years of ownership. SEC may not be strong enough to stop this without congressional passage of a new UPTICK RULE. A tax added to each short sale as well.

      Sentiment: Strong Buy

    • I am wondering as well but I think the reason might be that many are waiting on the judge's ruling on May 30, whether she approves the 8.5 b penalty the banks agreed to pay. You can get more details in various articles, like Motley Fool, who sees a potential problem for BAC, But they are just speculating too.

13.19+0.49(+3.86%)Jun 29 4:03 PMEDT