Bac

TGregg · Feb 5, 2009

Quote from Melicious:

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

He laughed maniacally as he rubbed his hands. That's a whole different meaning.

Melicious · Feb 5, 2009

Quote from midniteeuropa:

non sense where is the link ?

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/Corpor...America+(BAC)+To+Be+Nationalized/4363974.html

themarketinme · Feb 5, 2009

Lewis just bought $1M in stock.

Clubber Lang · Feb 5, 2009

Quote from themarketinme:

Lewis just bought $1M in stock.

Pennies.

If he really had any faith in the company, he would be loading the boat.

Covertibility · Feb 5, 2009

2011 BAC bonds widening out with almost a 7% yield. Does nationalization wipe out the debtholders? I don't own any of this but just curious.

cubsguy81 · Feb 5, 2009

CEO Ken Lewis bought 200,000 shares today, call options are having tons of volume...

Seems that the market is saying nationalization is not imminent - yet

FEB Volume Op.Int.
$4.00 45,904 9,322
$5.00 50,988 25,521
$6.00 106,391 49,509
$7.50 70,694 108,266
$9.00 17,273 71,857
$10.00 20,307 76,449

MAR Volume Op.Int.
$3.00 8,160 1,151
$4.00 7,431 1,217
$5.00 11,450 8,647
$6.00 12,097 16,210
$7.00 16,927 23,653
$8.00 16,239 61,077

cybercash28 · Feb 5, 2009

BAC formed a nice hammer reversal today on huge volume.

JamesJ · Feb 5, 2009

sold remaining position @5.18 afterhours.
up 7% in extended trading...
a intraday profit of 27%, (bought at 4.07)...
almost a record for me... (i think FNM, FRE, AIG were a bit better on their post collapse rallies)
maybe tomorrow at open another rally in BAC, we will see...

burtonridr · Feb 5, 2009

Quote from cybercash28:

BAC formed a nice hammer reversal today on huge volume.

The volume pattern over the last month is insane!

Good measure of just how insecure people are about this stock lol

I want to say it will make a return, but I gotta go with my gut and follow the trend. Although its extremes are leveling, I think it would take a HUGE report of good news to turn this around.

Illum · Feb 5, 2009

Quote from JamesJ:

sold remaining position @5.18 afterhours.
up 7% in extended trading...
a intraday profit of 27%, (bought at 4.07)...
almost a record for me... (i think FNM, FRE, AIG were a bit better on their post collapse rallies)
maybe tomorrow at open another rally in BAC, we will see...

Grats