BAC, long term position

[DataCruncher]

anybody think it's prudent to build an investment position for 3-5 years in BAC?

I still can't believe how much they paid for Merrill Lynch though.

 

[sobemark]

Quote from DataCruncher:

anybody think it's prudent to build an investment position for 3-5 years in BAC?

I still can't believe how much they paid for Merrill Lynch though.

i have heard that same question a thousand times before with BSC, LEH, C, AIG, FNM, FRE, etc ...

i rest my case ...

 

[Illum]

Bac is insane. They buy Countywide and then Mer. Someone yelled fire in a burning building, and they ate the fire...

 

[DataCruncher]

is the dividend safe with the new government money they're going to get? wishful thinking

 

[Cdntrader]

Quote from DataCruncher:

is the dividend safe with the new government money they're going to get? wishful thinking

HA! free ride is over common shareholders. Welcome to the Obama era.

 

[ralph00]

BAC and C are options now, nothing more. That $9 you're paying for BAC or $4.50 for C is just option premium.

 

[ksonsinc]

I agree to ralph
If you thinking for 3 to 5 year just built it up
No one can tell when they will make a up move and when they do we might be too late : (