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BAC last bid 4.98, S&P downgrades 37 global banks...
- Thread starter ASusilovic
- Start date
Quote from gmst:
your neighbor proved to be a smart fella if he held BAC!
From 8 to 11, his investments went up from 8*60000 = 480,000 to 11*60000 = 660,000 in less than a year.
Yes, very much so gmst! He passed away on July 14 of this year and his daughter inherited the stock. I would imagine it is still in probate, (California law), and she hasn't sold it yet.
iure do miss my od frinednd. he would love to see bac moving up ike this. it woudld prove that he was right. and he made alot omoney. too often in life we fuck up and make mistakes but sometimes we hget it right and it goes good. fuck man he wa a agood guy. he made a lot money and he satrted out at the bottom. he was poor but he worked ahrd and built himself up.. it's too bad that he died too young. he was onl 86 years old. he was a value investor. he dint; efen ahve a computer or an internet connection. he just read the tape on cnbc tv. he mde alot of money in the market
Quote from hughb:
My neighbor has 60,000 shares of BAC at a little over 8. I really want to tell him to sell into this rally and get the hell away from it, but he's much wealthier than I am so i would be out of place to say it. I'm going to call him Monday and mention the rally to see what his plans are.
Terrific trade. I bought BAC 2013 calls with a strike around 7.5. Later I bought them again at 10, which are now also making a profit. Just whish I'd have had more balls when they were around 5$.
Quote from diablo11:
Short it then, I wouldn't at this level. This dog has been beaten enough in my opinion. If we dip back below $5 I will reconsider but I feel fine holding at this level. Im not saying that anythings been solved but if you cant read between the lines that a coordinated central bank move like this doesnt spell out that they arent going to allow mass bank failures than you arent being true to yourself. I just jump on the train when I feel theres a profit in there, not saying that all of a sudden everything is ok.
Thanks, I've been short since March but I was interested in what you see other than an attempt to form a temporary support area. BTW, not criticizing, just curious.