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  • ceoeagle ceoeagle Jul 25, 2011 10:09 AM Flag

    Chances of regaining my losses

    That is a great question with no easy answer. The longer we hang on the better. With dilution you may only recover a few cents on the dollar at best.

    If you can use the tax loss take it and move on.

    FRTGRN21 can you comment here with more specifics.

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    • Best case scenerio is that you will recover $1.50 to $2 a share. Worse case, you will lose the rest. I bought in with a 1 year time frame in Jan. By Jan of 2012 either we are trading north of $1.50 or bust. Everything depends on the credit quality of their loans, the Real Estate market and the economy as a whole. I have been moving major amounts of $$$ into BAC in the last few weeks and betting on a sharp move in the economy and banking sector.
      So good luck and hope you recover your investment. Your chances of recovery are decent.

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