BAC



Cut said:
Bought 200 call contracts sep 8 strike yesterday.

Ended up selling it the same day for an 10 dollar loss.

If I held onto this morning it would have been a 20k gain.
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Tough break. I know what that feels like. I once dumped a girl in high school right before she rebelled against her religion and started to put out.
 
BigWill said:
Fuck yeah! Finally. Guessing thats why berkshire got in
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lol, nothing do with that. He got a similar deal as he did with GS back in '08. Remember these are preferred shares + warrants -- completely different than the average joe buying in the common.

Funny how CEO of BAC states just a few days ago they didn't need additional capital, yet they jumped at the chance to get Buffet's $5B and pay 6% on it, LOL.
 
gdubs12345 said:
What would you guys recommend? i was about to get a Charles Schwab account.
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Etrade is fine... I've had an account with them since 1998 and have traded millions through their platform.

I haven't used Schwab but a few friends do and really like them.
 
jenzkc said:
BAC is one thing I wouldn't buy for a dollar.
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Dude what the fuck do you invest in then? Every gold and silver thread pops up you call ppl nuts for buying it, and BAC seems like it has potential upside, and again your like fuck this stock...

So what do u like?
 
leadsupplier said:
Dude what the fuck do you invest in then? Every gold and silver thread pops up you call ppl nuts for buying it, and BAC seems like it has potential upside, and again your like fuck this stock...

So what do u like?
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Couches off craigslist for his room in his moms basement
 
BigWill said:
I have held something like 2000 shares of BAC for the last 6 months or so

Still going to hold really long on it. Lots of people still use bank of america. Once they get their shit together and start optimizing the company its going to be worth alot more. They definately have cash flow, just need to cut the fat.

I think they don't want to lay people off because of the business hate lately. Don't want bad press.
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fwiw boa may be the first big guy to fall if/when the next wave of the banking crisis sweeps wall street. They're the weakest of the big guys left over from 08/09. In any case watch euro markets, there's a lot of euro money in wall street but it's peaked and if the shit hits the fan they'll pull out of wall street to save their asses over there.

$.02
 
MSTeacher said:
fwiw boa may be the first big guy to fall if/when the next wave of the banking crisis sweeps wall street. They're the weakest of the big guys left over from 08/09. In any case watch euro markets, there's a lot of euro money in wall street but it's peaked and if the shit hits the fan they'll pull out of wall street to save their asses over there.

$.02
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Eh, it depends on how they handle themselves. They could cut all their shit tomorrow and become profitable. The question is, will they do that? Probably not, it will take them a while. They could turn into a huge profitable business overnight if they wanted to. Its a gamble on the management really. They definitely are not very stable. We shall see what happens. I understand the risk and its what im betting on.
 
leadsupplier said:
Dude what the fuck do you invest in then? Every gold and silver thread pops up you call ppl nuts for buying it, and BAC seems like it has potential upside, and again your like fuck this stock...

So what do u like?
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i don't invest in anything. i'm a swing trader. i like anything at the right time.
 
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