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It's all about guidance moving forward

$223

You know, Erik....a survey conducted in 2002 showed that 91% of all statistics are made up. Thanks again for the daily game plan and good trading today.

I like the way you look at some things. The above quote....is your opinion that M2M will not be abolished or were you referring to the abolishment of the rumor itself? Not looking for a call so much as just curious what you think.

I think I read that BAC made it's first tarp repayment a week or two ago for what that is worth.

Erik is making a contribution and offering information a reader may not be aware of in addition to a professional perspective. His daily posting has helped me regularly. I read a lot but seldom post. I felt bad for you in some threads. Now I realize you are just mean spirited.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aWCVnODJ3GPA&refer=home Curious what folks think of this...

No sooner than you posted that: http://www.reuters.com/article/marketsNews/idUSWBT01068720090220

So gimme some advice here...should I short BAC here? Is it still going down from here?

Sweet! Only the top 4 streams come in for me. Anyone else have that problem?

I keep reading "no nationalization" articles and every time it is brought up by someone other than a newscaster or a message board poster it seems to grow legs. I'm none too bright but I sure can't see the government nationalizing the "too big to fail" banks. But wtf do I know

It is about to be all about the autos instead of all about the financials. What is the general consensus about where financials are headed from here? Recovery time? Trashing lower?

Too late, I think. The bad news for BAC is largely over and I expect a long position to be preferable at this time.

here, sir. I saw it on CNBC or Bloomberg today and it came across the news feed on eTrade's Market Trader. http://www.streetinsider.com/Corporate+News/Senator+Dodd+Does+Not+Expect+Bank+of+America+(BAC)+To+Be+Nationalized/4363974.html

Dodd said today that wasn't going to happen. He laughed when the reporter asked about BAC getting nationalized.

I'm not smart enough to understand what you just said. Can someone explain the quoted post? Thanks! -Melissa

I would never have thought BAC would drop to under $10 a share, much less under $5. There isn't a lot of room left from here but 20,000 shares from 4.60 to 1.5 or so would be nice too. But this stock as compensation thing makes me feel like the stock can't hit zero like you said so my theory...

OK bear with me here. BAC needs more TARP money (the 2nd half anyway) so they will be under the 500k executive pay stipulation to get the additional help. Under the plan, as I understand it, the executives must be paid anything over $500k in stocks instead of pay. So Ken Lewis can get $500k and...

So is the common sentiment that BAC will be wiped out and down to zero?

Wild day, Mr. Kolodny! I had a good day in spite of the silliness in the market as well. And once again, thank you for your post(s).