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Bank of America Corporation Message Board

  • obamaloveswallst obamaloveswallst Jan 21, 2011 8:31 AM Flag

    ALERT: BAC is now **EARMARKED** for **DISPOSAL** >>>>

    This is the most important post you will read if you are long BAC at this time !
    Large stakeholders HOLD THEIR NOSES and buy on catastrophic news !
    why ? to protect their massive stakes in this and other financials because if they sold the whole market would tanks and they would lose billions
    so this is why you see bac above 10 right now...
    But they SIMULTANEOUSLY EARMARK the company (BOFA) dor DISPOSAL on future manufactured stock rallies the stock will go up less than the overall market and will go dowwn more than the overall market on down days as the pros slowly unwind their massive positions to naive retailers, readers of kiplingers, motely fool S&P cramer,ibd etc ...
    The smartest thing you could do is to sell now on LARGE STAKEHOLDERS NICKEL escaping relatively unscathed, instead most can't pull the trigger and will ride it down to huge losses in coming days
    I will post the current price of BOFA as 14.25 and reference this post later to prove to you I know what I'm talking about !
    I have seen this many many times also know most won't listen but all will REMEMBER I TOLD YOU THIS and you could have gotten out with huge gains if you sold on crooks nickel NOW!

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    • The Prez said last night he will "VETO" nad earmakrs ^;^)

    • warned you !
      do you see I know what I am talking about ?

      • 2 Replies to obamaloveswallst
      • This can't be good news for BAC can it ?
        Were you snookered ?
        Wil you continue to hold bac under 10 ?
        Barclay's Bank analyst Theresa Chen doesn't expect a reversal in housing market trends any time soon, since there is no end in sight to the foreclosure crisis.

        "We expect softness to persist," she said, "as home prices continue to face headwinds from the large pipeline of foreclosures entering the market."


        November home prices continued their latest slump, falling 1% compared with October, according to the latest S&P/Case-Shiller Home Price Index of 20 metro markets.

        San Diego was the only market that didn't slip, posting a slight gain of 0.1%. The overall index fell for the fifth straight month and prices are at about the same level they were in mid-2003.

        "With these numbers, more analysts will be calling for a double-dip in home prices," said David Blitzer, spokesman for Standard & Poor's.

        The worst-hit market during the month was Detroit, where prices fell another 2.7%. That was especially troubling considering how low that city's prices already were. In Washington D.C. prices inched down only 0.1%, making it the second-best performing city behind San Diego.

        The bleeding in some of the bubble markets seems to have slowed, with Las Vegas (-0.4%), Miami (-0.2%) and Tampa (-0.8) all recording losses of under 1%. But eight markets -- Atlanta, Charlotte, Detroit, Las Vegas, Miami, Portland, Ore., Seattle and Tampa, Fla. -- are all at their lowest levels since they peaked during the boom.

        The latest downturn put prices 1.6% lower than 12 months ago, slightly worse than industry expectations. A panel of analysts put together by Briefing.com had forecast a 1.5% annual decline.

        The loss was "bigger than I expected," said Pat Newport, a real estate market analyst for IHS Global Insight. "I think it's still a response to the [home buyer] tax credit going away."

    • Hey man, stop posting under two different names, giving yourself stars and get a hobby or something. You're a little too "wound up" for a small-time guy trying to make a few hundred on a short term short trade. Sorry it didn't tank completely on the earnings, it was a reasonable bet...you lost....cover, move on and take your tiny profit and sleep good over the weekend.

    • stock_option_investor stock_option_investor Jan 21, 2011 11:00 AM Flag

      I have personally assured this stock will absolutely **NOT** go down, because I bought some put options. Since I absolutely SUCK at stock picking and my options almost always expire worthless (OK truth be told I usually sell covered calls and therefore options expiring worthless is a good thing). STILL!

      By buying put options on BAC I have personally assured all BAC longs that they are safe for a while from any real drop in the stock price. You can buy me drinks at the bar to say thank you while I lose my option premium.

      • 1 Reply to stock_option_investor
      • This is why you see unprecedented pumping of the markets by wall st pros because they know retail sales are going to go negative in January after the holiday bills heating bills tax bills gas bills came in early January all shoping for non essentials has essentialy ceased outside of nyc and washington

        First in case you missed this last weeks 435,000 first time unemployment claims were SEASONALLY ADJUSTED this is direct from BLS you can goofle first time claims to and to the BLS web site main page paragraph 2 it there were ACTUALLY 770,406 UNADJUSTED first time claims IN 1 WEEK > 3/4 of a millon PEOPLE were layed off and applied for unemplomen


        UNADJUSTED DATA

        The advance number of actual initial claims under state programs, unadjusted, totaled 770,413 in the week ending Jan. 8, an increase of 191,686 from the previous week. There were 815,593 initial claims in the comparable week in 2010.

        The advance unadjusted insured unemployment rate was 3.8 percent during the week ending Jan. 1, an increase of 0.3 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 4,766,951, an increase of 351,439 from the preceding week. A year earlier, the rate was 4.6 percent and the volume was 6,013,891.

        The total number of people claiming benefits in all programs for the week ending Dec. 25 was 9,193,838."


        NOW
        judging from my anecdotal research below the retail sector is in real trouble see below !!

        TARGET:
        I went to Target in tax free Nashua NH on Sat and they had 3 of 20 registers upstairs
        open and no waiting and I looked and saw only grocery items like detergent, personal care items etc Downstairs 3 registers of 16 same thing...

        KOHLS:
        I then went to Kohls in tax free Salem NH and found the parking lot pretty full which kind of threw me until I went inside. A HUGE, HUGE LINE at the **RETURNS** LINE IN the back of the store.. again only 3 registers open out of about 12 and the RETURN LINE number of people FAR EXCEEDED THOSE BUYING ANYTHING ! They pumped the retail sales over CHristmas wait till you see the numbers in January....

        Beware peole this market is hugely overpriced Disclosure I am not short Target or Kohls but I think that downside risk is much higher than upside

        welcome any other comments from other areas of the country I am thinking the only place where business is good is around wall st ...
        booya wait till you see bac 13 for sure this week watch and see

    • it will see 12's by next friday that is my prediction especialy when retail sals for jan are reported as bofa is hugely dependent on american consumer
      the feds gave trillions to banks but none to the common man who is tapped out now they have the credit card bills fro,m christmas highgas and heating prices and taxes as they get laid off by the millions

    • do you actually think after going from 9 to 14.50 it's only going to drop 30 cents on this catastropic news ?

 
BAC
15.52-0.08(-0.51%)Sep 23 4:00 PMEDT