BAC Bank of America It's all mine now!

[ModE98]

BAC appears lost in the woods and try to find a way out. Lot of disgusted customers, given they want to raise fees/charges. Banks will remain under pressure for some time to come with the world in a financial mess.

[Small Biz Owner]

Lay off 30,000, then 30,000 more, the share prices will eventaully rise. Still holding out for 1,000 shares at $5.00.

[Small Biz Owner]

$5.80 only 80 cents to go.

[Deleted]

Saw it dipped to $5.18 yesterday. Sure you still want to buy?

[Small Biz Owner]

Saw it dipped to $5.18 yesterday. Sure you still want to buy?

Yup! 1000 shares @ $5.00 my order is in.

[Small Biz Owner]

What Problems? Bank Of America Is Fine, Bove Says Forbes

Don't know which crack pipe Bove is smoking?

BAC only losing 3.1 billion, with a negative P/E (when was the last time you saw that?) and a minus 2% profit margin.

2 big 2 fail I tell you. Still safer than Greek bonds though.

[Small Biz Owner]

Call it a black Friday buy.

At least I am not paying $15.30 a share, like some fools did back in Jan of this year.

Those fools being those so-called Wall Street fund managers who gave it a buy rating back then.

[Small Biz Owner]

Only 8 cents to go. ;D $5.08 yesterday.

[TD2K]

You're getting close.


Opps, that was before I checked today's closing price, $5.53, looks like you'll have to wait a bit more.

[Small Biz Owner]

You're getting close.


Opps, that was before I checked today's closing price, $5.53, looks like you'll have to wait a bit more.

1,000 shares In at $4.98 ;D

[IPAfan]

Good job. I'll stick to my insurance companies at 65% of their book values, still making some profits. I think BAC might be a very lucrative investment at $5. You might get it much cheaper too.

BAC has enough capital to survive here, and even if the business gets taken out the shareholders could be saved if some of the valuable businesses are spun out before its too late.

[Deleted]

I wouldnt buy BAC with YOUR money.....

Far too many good companies out there, to chase possible returns on this one

Banks still have a huge problem with forclosure inventories, and this one has more than most

Good luck on the buy.....as the saying goes, no guts no glory, but this one has far too many blemishes for my taste

[Driftr]

Dec 20, 2011 8:10:25 GMT -5 Small Biz Owner said:

You're getting close.


Opps, that was before I checked today's closing price, $5.53, looks like you'll have to wait a bit more.

1,000 shares In at $4.98 ;D

Gratz SBO! You have a % gain you're looking to sell at? Or is this a long term investment?

[rovo]

This was a very profitable play. Great job.

[TD2K]

And how. still holding them Small biz?

[The Virginian]

If it were me I would be selling as quick as possible - but then I was too dumb to buy in the first place!

[rovo]

Jan 21, 2012 12:24:55 GMT -5 The Virginian said:

If it were me I would be selling as quick as possible - but then I was too dumb to buy in the first place!

I looked at it but I didn't have enough cash in the high risk section of the portfolio. Guess I should have stole some from the other sections.

[TD2K]

$8.10 today. A nice return for small biz owner

[beenherebefore]

Wow, Very nice, if he sold!

My hubby wanted to buy but as I looked at their balance sheet I told him I didn't care what Buffet did, we can't buy. It doesn't fit into our strategy and we don't 'play' anymore, we're getting too old.

Good for you !

[The Virginian]

I believe Buffet got preferred shares at a guaranteed price for the money he put in. The rest of us don't have those options.

[The Virginian]

By the way BHB - are you buying Alcoa yet? Do you have a target price?

[beenherebefore]

Alcoa's still too high for me, Mr. V. I'll start looking seriously again when it gets down to the low 9's. I'll post when it gets interesting.

Yes, that's what I told my husband, Buffets investment doesn't apply to us.... :-)

[TD2K]

BAC is about $9.50, Small biz owner is getting close to a double