Bank of America Corp (BAC)

marksaal (88.52) Submitted: 7/22/2009 10:24:26 AM

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OK

SOUNDS

GOOD.

kurtdabear (98.36) Submitted: 7/26/2009 1:05:41 PM

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Earth to socialist1: Housing is about two months away from beginning a huge new downturn--one that will make sub-prime look like a Sunday School picnic. Countrywide will be huge all right--a huge anchor. Merrill specializes in bad deals--that's how they came to be sold in a fire sale.
Commercial real estate is also tanking, credit cards are tanking--it's not the time for banking.
Ken Lewis has let his ego get the better of his common sense, and now that's destroying most of what he spent decades building.
B. of A. will see $5 again long before it ever sees $50.

tcsonic (32.45) Submitted: 7/28/2009 11:06:41 PM

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A good point you made, Merill was on sale, and cheap too! I like B of A, as long as you have time to wait it out. With all the shares they have issued, and the probable sale of chunks of other business they will need to sell to pay back our money to "US", $50 a share anytime in the next 5-10 years, without some kind of super inflation seems a little bit over optimistic in my opinion. Hopefully not, as I am long BofA.

socialist1 (< 20) Submitted: 8/5/2009 6:37:24 PM

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kurt da bear.....bac up 40 % since my pick....
your criticism was in error

Tinka82 (< 20) Submitted: 8/5/2009 11:00:33 PM

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Socialist,

I have to say in the longrun, I'm with Kurtdabear. Countrywide is a huge liability. BAC does befuddle me. Being an insider in the biz (I'm a real estate appraiser) neither CW or BofA have great operations. CW's alleged wonderful servicing system that was touted as the reason BofA wanted to purchase them is riddled with errors and inaccuracies. Seems BofA falls into the proverbial pile and comes out smelling like a rose over and over. Frustrating when I've picked them down, but good for you. One day soon, I do believe it's going to catch up with them however.

socialist1 (< 20) Submitted: 8/6/2009 12:58:07 PM

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tinka 82 .....an appraiser? that's like a used car salesman
we're talking finance here

jaygatsby49 (99.14) Submitted: 8/13/2009 10:21:27 AM

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Do you think that if you type your pitch in ALL CAPITALS it will make your terrible analysis look credible. What exactly is "Merrill will be involved" supposed to mean? While the stock has bounced back since your pitch, housing (the reasoning behind your pitch) has not even come close to recovering, so the fact the stock is up is purely luck for you and it will likely come down hard towards the end of the year.

socialist1 (< 20) Submitted: 9/4/2009 11:17:30 AM

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i believe borrowing at zero and lendind at 6-24% was the point...no?

socialist1 (< 20) Submitted: 10/14/2009 3:41:25 PM

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charging toward $50 sooner than anyone thinks....
Meredith Whitney just said it is going lower....a sure sign
it will be surging higher