% | $
Quotes you view appear here for quick access.

Bank of America Corporation Message Board

leehab22 43 posts  |  Last Activity: Sep 24, 2015 5:51 PM Member since: Jan 25, 2006
SortNewest  |  Oldest  |  Highest Rated Expand all messages
  • The stock has fallen from $11 to $3 yet there are still dreamers dreaming .

    Every one on this board has lost money being in this stock yet listen to pumpers trying to fool some people to buy so they can sell at less loss .

    The stock is doomed for the following reasons :

    1- The company gets 35% of the Profit only . So what does it mean ? It means Sanofi can charge what ever they want as cost thus reducing the profit .

    2- All ad expenses will reduce the profit
    3- Sales are pathetic because of poor reception by the consumers .
    4- Patients don't switch drugs / devices that easily .
    5- Most type 2 diabetes do not need insulin
    6- New insulin injections last about a week and lot cheaper

    Most important is the Notes coming due by 9/30 only 6 days away . with limited options, What ever the company does will push the stock lower

  • leehab22 leehab22 Sep 16, 2015 1:22 PM Flag

    That is disaster waiting to happen . They won't convert even if the price is dropped to $3.50 .

    Now the note holders have lot stronger hand and can demand far better deal .

    Now you guys know why the analyst dropped hid price target to $1.50 because the fundamentals will be getting worse each day and my guess is Sanofi is waiting for disaster to pick up the 35.0% real cheap

  • Reply to

    Why Would Any One Buy This Stock ?

    by leehab22 Sep 11, 2015 3:26 PM
    leehab22 leehab22 Sep 12, 2015 2:35 PM Flag

    "" The same reason people bought Apple and Netflix ""

    No wonder you guys are losing money . A tech company can come up with a new technology or vastly improve its current platform in a matter of months . A drug company to come up with a new drug has to spend 15 years and one Billion Dollars and has no chance of improving a drug on the market .

    Also, drugs on the market lose its market share and sales over time

    FB price dropped from $35 to $18 because its Mobile platform sucked . The CEO improved and revised it and now stock is $90 Netflix jumped because the company started to produce its own hit shows . Apple introduced new Apps and has been introducing new technology every 3 months. . Drug companies are regulated and can Not introduce drugs every 3 months . They have to wait 15 years . Do you get it now Mr. Idiot

  • First, I have no position on the stock but heard on CNBC that the best analyst in this category downgraded the stock to a joking price of $1.50 .

    Looking at the chart , the stock has constantly dropped every week and yet there are people who have bought the stock each time it has dropped .

    I mean how stupid can these investors and hedge funds be ? Where are investors who bought in around $ 10 , or $8 or $6 or $4 . Apparently these Idiots enjoy losing money . Yet look at the activity and you see some hedge funds are still buying . Will these people ever learn a lesson ? Some people are born losers and dreamers .

    With so many good stocks with great fundamentals and future prospects, one must be insane to touch a piece of trash like this stock

  • Reply to

    Management Fooled Every One With Wave 2

    by leehab22 Aug 9, 2015 7:26 PM
    leehab22 leehab22 Sep 9, 2015 5:36 PM Flag

    Technology landscape changes dramatically every 2 years and especially now . Look at IBM . Small companies with better technology is killing it . What is the stock price today and where was it past years . I rest my case

  • It is proven time after time that small investors are far smarter than most money managers .

    Take today's action . A money manager(s) was fooled by a remarks by the CEO and bought the stock .

    Small investors did no such things and , in fact, we have stayed on the side line until the stock drops to around $5 before we come in and buy and that is only for a trade only .

    Of course, the money manager is Not using his personal money . He is using other people money and if he loses , well, tough luck

  • Reply to

    CEO Resorting To " Promise "

    by leehab22 Sep 3, 2015 1:03 PM
    leehab22 leehab22 Sep 3, 2015 1:16 PM Flag

    His " Promise " is vague at best . He says mid or late 2016 , but it could be late 2015 or may be 2017 . His lie is all over the map . Company can Not be trusted . The stock may be a buy around $5 or $6 and sell around $9 . Just a trade and Not for hold

  • How pathetic is it that a CEO is resorting to " Promise " to fool investors and some investors actually are falling for it . Sad part is the " promise " is for next year , Really ? 2016

  • Reply to

    Money Managers Scared ?

    by leehab22 Sep 1, 2015 11:07 AM
    leehab22 leehab22 Sep 2, 2015 2:59 PM Flag

    If this stock drops below $10 you may see massive selling because it shows a reversal . So funds who have millions of shares try to prevent it buy buying some more .

    Jim Cramer has also talked about this on his show.

    This is a temporary solution but remember if it goes on a free fall it will make it very hard to unload millions of shares while the stock is dropping .

    My guess is short sellers will win and the stock will go in to free fall because there are no real buyers wanting this stock . Investors have talked about interested to buy in low single digit .

  • Reply to

    Money Managers Scared ?

    by leehab22 Sep 1, 2015 11:07 AM
    leehab22 leehab22 Sep 2, 2015 10:58 AM Flag

    Money managers do that all the time by defending their investment . It is like a country . The government will defend it .

    When a stock drops to a dangerous point, they buy shares to defend it because it could drop in to free fall .

  • Big money managers who have invested heavily in this stock are scared and you can see it today .

    They had to come in and buy aggressively to prevent the stock go below $10 which would have pushed the stock to under $5 and force liquidations .

    Still these funds will be facing liquidations and will be forced to sell at bigger losses

  • leehab22 leehab22 Sep 1, 2015 8:38 AM Flag

    For trading yes . But if you notice the range is dropping and not a sure thing .
    It was $12 to $14 now it is $8 to $10 and so with market dropping and China slowing one has to be very careful

  • The Idiot bought this stock around $18 and investors thought he was smart and bought the stock as high as $35 . Now they are all losers . You do Not invest in a company with shaky futures especially with natural gas trading around $2

  • When a fund add or take a position in a stock some Idiots cheers not knowing that a fund sold those shares .

    When a stock drops from $35 to $10 , it means more funds Sold but usually they are not reported .

    No wonder these idiots cheering crowd lose money because they buy on the top .

    Take Einhorn who bought shares around $17 and now is begging the company to buy back those shares and he is supposed to be smart , is he

  • Question is what was the initial price and my guess is around $22 or higher and since this purchase was made 45 days ago the fund must have paid some where around $15 which put the fund average today around $16 to $18

    Not a smart move . An analyst today on CNBC said single digit might be a good price .
    My guess is around $5 or $6

    This company is loaded with heavy debts and that is why it is trading where it is now .

  • Reply to

    Why The Stock Will Drop Below $5 Very Fast

    by leehab22 Aug 25, 2015 11:36 PM
    leehab22 leehab22 Aug 26, 2015 9:48 AM Flag

    I bought the stock around $18 and sold near $31 when acquisition had negative effects . I was waiting to get back in around $25 but the drop has been huge . I just expressed my opinion

  • There is no doubt short sellers are smelling dead fish and have piled up and will drop the stock below $5 .

    Under $5.00 the stock is not marginable and there will be massive margin calls .

    Also, many funds are prohibited from buying stocks under $5.00 thus massive margin calls + few buyers = disaster .

    With stock dropping below $5.00 , lenders will shy away from any deals unless it carries a hefty interest knocking the stock more . Again a sad story but oil dropping to these levels and now price target of $29 it was hard to foresee this kind of future

  • leehab22 by leehab22 Aug 25, 2015 5:47 PM Flag

    When a stock drops this fast and at unbelievable rate from $33 to $8 in a matter of several weeks , there is a serious problem that street sees and others do not . It looks like no one has any faith in the stock and even on the day market was up 525 points , this stock started to drop the second the market opened and volume is so huge that is beyond imagination . Even Enron did not drop this fast and took its time

    That suggests street think there is no hope . This huge drop makes financing extremely tough as no one trust the company would exist next day . Many attempts have been made to put a floor under the stock but all have filed so far and people who bought 2 days ago have rushed to sell .

    IBD says when a stock drops more than 20% just get out because there is a chance it will drop lots more .

    It looks like company has no choice but to file for Chapter 11 to take care of all debt and reorganize with a clean slate . I sold my shares around $30 with good profit and was looking to enter at lower price but it started to drop like rocket every day . sad story

  • leehab22 leehab22 Aug 21, 2015 5:56 PM Flag

    I got out at 30 and was waiting for a good price but management has really screwed up .

    The new offering is terrible and unheard of at 6.75% . The company says it intends to do that which means they will do it but just don't have the balls to say so . the bond holder will short the hell . I am looking at $6

  • This management is expert as to how to fool investors while they dump shares .

    The management talked about Wave 2 and that they have entered the market but what the management forgot to tell every one is ho small is this market which will remain small for some time to come .

    Apparently some investors do Not know what is Wave 2 and how very expensive it is for companies to try to conform to it and that companies actually need 2 wires through the walls instead of the one they have now .

    It is like electric cars 20 years ago . Yes some companies made them but now it is slowly improving .

15.58-0.17(-1.08%)Oct 9 4:00 PMEDT