A BAC filing to the Securities and Exchange Commission reveals some tidbits that threaten to send the stock reeling!
If you think the litigation is over, you picked the wrong horse in this race! The FED pump keeps this bubble stock up and Warren has already made his money...who knows if he will stay along for the ride back to $5.00.
You be illin handym........ Have yourself a Klondike bar and set your radar to "20" by end of year!!!!!!!! What goes down must also come up....... way way up chief. This is still a steal under 15.
Sentiment: Strong Buy
Laugh out loud funny! I bet you were asleep in September of 2008 when Ben and Hank told you everyday that all was well. You probably bought Bear Stearns in late September....Ouch...
How silly you are to subscribe motives to perfect logic! Watch and see my friend, the sharks on Wall street love to take your kind of money.
Think back to your financial education and the "efficient-market hypothesis" "wisdom of crowd"....and then think of what FED QE does to these principals in capital markets! Skewed and screwed...we all are...just a matter of time before the first domino falls!
No, but SEC filings get my attention and should yours as well my friend. I have lived the 80's crash, the internet bubble and now the FED QE bubble and this is the way it will happen! Mr. and Mrs. little investor will say, heck..... Ben won't let us make a penny on our savings so let's get back in the market. Soon after they are back in the market, they will awake on morning and see their stocks all down 8 - 10% pre-market. They will say, yeah but yeah, we never even got to trade...Ouch. Then they freeze like sheep .....and watch over the next few weeks as they watch the market give them a 40% haircut! Oh yeah......
I don't see BAC going to five but back under $9 or $10 would make since as long as the FEDs keep pumping money in to stabilize the other Large Banks for the next year. BAC has been pushing their legal suits out hoping for a recovery. It's not going to be that easy. These are major Lawsuits that are going to cost them billions of dollars to settle each one.
Your post doesn't make "since" or sense. BAC will be volatile and you and I cannot predict what will happen. At some point BAC will retreat but I would not be surprised that it closed above $15.50 before any serious drop to the low $14s happened, say around the time the Republican Party destroys itself trying to defund Obamacare. Dropping "under $9 or $10" is a short's wet dream at best. No meat in that sandwich.
This is what drives me nuts...BAC is never forced by the SEC to discuss all of the stink that probably is still on it's books! Who knows what is left over from the countrywide shenanigans.
If Warren stays in the stock it can only mean he has access to information that regular folks will never see. If he takes his profits and the stock drops back, it will prove my point that he has, if not insider information, privileged information that the retail investor can not see in the public form.