I bought this at 360 in a private sale in august. Was told it was going to open at 400 because citibank and BAC WERE BOTH ANNOUNCING BANCRUPCIES AT 8AM. I thin the guy who sold me all these shares was a guy named Bernie Madoff. Ever hear of him? He also introduced me to his cousin Ken Lay who was selling artificial real rolexes out of the back of his trunk for $80 each. I bought 3.
Well ... notwithstanding short term sucker rallies, we still have the underlying problem of hyper leverage from those hedge funds and other 'financial' players. If Madoff suggests anything, it's that there may very well be other shoes to drop.
you guys need to stop talking about madoff ..its meaningless on the scale of the markets..if you think the market is dwelling on a small cockroach like madoff you're in for a rude awakening...hes just a sensational press fiasco..nothing more.