Lol
Jim Rogers states Bank of America is going "down"
- Thread starter retaildaytrader
- Start date
Quote from retaildaytrader:
Thats right. BAC has 1 trillion dollars of loans...most of which are mortgage based. If all 50 states are now going against BAC, then I would guess in another 6 months BAC will be trading at March 2009 lows or lower.
Anyone want to buy my goodwill? I'm make you a deal!
I just looked at Yahoo finance and BAC has 114 billion dollar market cap with 1 trillion in mortgage loans that are supposedly "assets". Haha. Now thats funny.
Now the White House is going to lean on BAC like it did BP:
http://www.reuters.com/article/idCNN1924064020101019?rpc=44
You know how Obama works. He will come out and do something dumb and stick to the stupidity. He might declare a 6 month moratorium like he did with the oil drilling. atever he might do, you know it will be pretty dumb and wont help the situation at all.
I say B of A is a buy at 5 bucks.
Now the White House is going to lean on BAC like it did BP:
http://www.reuters.com/article/idCNN1924064020101019?rpc=44
You know how Obama works. He will come out and do something dumb and stick to the stupidity. He might declare a 6 month moratorium like he did with the oil drilling. atever he might do, you know it will be pretty dumb and wont help the situation at all.
I say B of A is a buy at 5 bucks.
The govt isnt going to let bac or citi fail. With 45 billion for citi, and 20 billion in BAC, i mean c'mon .
...but if the stock price is diluted by the government or trades like C then it might as well have failed in investor's eyes. Lets say the government nationalizes BAC like they did GM, then the stock price will fall to a dollar or less. It might have well just failed...
I don't read Rodgers to be saying a failure either. Just looking for a correction in markets and looking to short the weak. Can someone explain his referencing the currency markets as a big reason for the short. He mentioned this many months ago. I thought he was talking about JPM. Why is BAC more exposed in currency markets? I understand the mortgage mess, but Rodgers continues to bring up currency when talking about large western financial institutions, and exposure in market.
November 20th PUTs look awfully cheap for the claimed plunge about to happen in BAC.
Take the BAC101120P00011000 for example. Max loss: 30 cents. Max gain: $10.5-ish.
Take the BAC101120P00011000 for example. Max loss: 30 cents. Max gain: $10.5-ish.