Snicker Snicker #longsweredupedagain.
What else explains the sudden departure of the CFO who for years was seen as a potential Moynihan replacement.
It's always fascinating listening to the hopes and aspirations of the longs. I can empathize. Every morning I get up and touch the top of my head hoping somehow my hair grew back in the dark of the night. I'm sure PWE shareholders do the same in pre-market checks hoping suddenly its price has recovered to the mid teens on a buy out rumor. Unfortunately, I fear that for longs I have a better chance of waking up with a full head of hair then they will ever have of seeing this stock over $2.00 a share.
Hey Mr. Bear. Haven't been around here for a while. Stopped by when SURPRISINGLY I saw Pee Wee approaching a new 52 Week Low. Wanted to see if there were still die hards buying long for the "GREAT TURNAROUND", that's been coming now for the last 3 years. And behold the Board remains littered with longs who have lost 99% of their investment yet remain "unconcerned" because the forthcoming rebound on its way. It's good to see some things do not change
In fairness there were some onetime gain items that added about 8 cents per share to the bottom line. It was not that much of a beat with those excluded
Indeed. It looks like the force is with you. I gave props to BAC longs earlier in the day. It was a very "sound" quarter. Some of thei profit came from NR items but still strong. It won't convince me to ever go long but it will keep me away short for a while. No doubt
As the great Juba said in gladiator" not yet not yet". Seriously it was a solid quarter. Better than I expected for sure. Longs deserve to finally get rewarded however temporary that reward will be.
Here. No worries. I'm not short right now. Will wait for the coming 17.50 fail to sort again. Like clockwork. 17.50 and missed earnings and revenue. Same story every quarter. Two things certain in this world. The republicans will never win another presidential election and BAC will miss earnings and revenue estimates.
Had it even made 45 cents a share in the last eight years for any quarter . I don't think so. This would never be approved.
Really. They do that All the time,. LB another example. Put it on their conviction buy list . Get their clients out at all time highs., falls 15%. Happens all the time with their conviction buys. Many are selected to provide an immediate spike. Watch L2 when goldman issues a buy on some stocks. Youy can see them dump shares
Ive said it before,, this is Goldman's pump and dump strategy. They have clients who are in BAC that they need to get out of before earnings because they know earnings will suck. They pump it get their clients out, sell it short then after earnings miss revise their price down to 15. Watch
I agree kibutzman is an idiot.I could go back 5 years on this board and find some other idiot who made the EXACT same analysis back then... The stock is not worth a multiple of more than 5... This stock has negative revenue growth. Will crumble oif we have another recession and had earnings growth solely because of cost cutting which can't be sustained..Find me another company with those characteristics which sells for a 12 multiple.. None.
I have hear that "BAC will be at 18 or higher by year end" for the last 7 years... What a joke. This stock is worth at best 7-9 dollars a share. That's its true tangible value. It will make its way down there eventually. The one thing that I can tell you for sure is that this is never going to 18
By the way, these are the best days to trader. I don't know what you are talking about. Up over 1200 today on our system