it was about a month ago. It sure would be worth keeping for the div. and potential share price gain In the meantime, it looks like a short opportunity, we are still hearing bad news on the housing front and I think we will retest the lows.
I've been saying for months that the WORST mortgages were written in the Spring and Summer of 2007. Even in the fall and winter of 2007 really sloppy loans were being made by the banking industry.
most of these loans are still in the pipe and haven't had a chance to default yet. Nor have yet to see the avalanche of HELOC defaults, which most agree is just a matter of time.
I think the numbers on these loans are going to freak people out, that is why I'm on the sidelines until the real pain sets in. I'm looking to buy BAC and the other banks much cheaper than the recent lows back in July
I don't think they will cut the dividends unless there is really bad news like GM. If anything, they will maintain their dividends as a loyalty reward for having shareholders and institutions having to weather this economic storm.
You missed your chance and now you're trying to bach the stock down so you can get another shot ? Scumbag. And btw, even if BAC did trade down again you would probably be too scared to pull the trigger, just like last time.