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post #1 of 15 (permalink) Old 04-20-2009, 11:25 AM Thread Starter
Lifer
 
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Bac

Does almost 20%. What do you guys think will happen tomorrow? Do you think it will drop a little more or spike up tomorrow?

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post #2 of 15 (permalink) Old 04-20-2009, 11:27 AM
Packin' up...
 
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I think BAC is a terrorist...
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post #3 of 15 (permalink) Old 04-20-2009, 11:28 AM
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I think BAC is a terrorist...
I am indeed.
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post #4 of 15 (permalink) Old 04-20-2009, 11:36 AM
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down over 20% and profit is up...strange.
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post #5 of 15 (permalink) Old 04-20-2009, 11:45 AM Thread Starter
Lifer
 
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Originally Posted by STANGGT40 View Post
down over 20% and profit is up...strange.
I just noticed it was down 20% and I missed out when it bottomed out at $2.50. Im wanting to get in this time but im curious if people think it will drop lower than it is currently at $8.50.

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Don't Fuck with DFWStangs...the most powerfull gang I have ever been a member of.
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post #6 of 15 (permalink) Old 04-20-2009, 12:58 PM
T-MINUS
 
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I need disposable play money to dump in stocks right now

1/19/09, the last day of Free America.
Pericles "Freedom is the sure possession of those alone who have the courage to defend it. "

"[T]he people alone have an incontestable, unalienable, and indefeasible right to institute government and to reform, alter, or totally change the same when their protection, safety, prosperity, and happiness require it." --Samuel Adams


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post #7 of 15 (permalink) Old 04-20-2009, 04:09 PM
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Tough to say...... I think the honeymoon is over for bank profits and traders are taking their profits.
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post #8 of 15 (permalink) Old 04-20-2009, 07:47 PM Thread Starter
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Ended the day down 24.34%. Im stumped. I will probably just hold off and see what it does tomorrow. If it drops again anything like it did today then ill jump aboard. If it goes up, then it goes up. Atleast I won't be negative again.

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Don't Fuck with DFWStangs...the most powerfull gang I have ever been a member of.
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post #9 of 15 (permalink) Old 04-20-2009, 07:54 PM
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Buy the calls, Jan 10 $40 are dirt cheap. If the stock goes to $15 before August you will double your money.
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post #10 of 15 (permalink) Old 04-21-2009, 06:35 AM Thread Starter
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I think it will see $6s before it goes back up. jmo though.

Quote:
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post #11 of 15 (permalink) Old 04-21-2009, 06:42 AM
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I think it will see $6s before it goes back up. jmo though.
Mike, what in the hell makes you think that?
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post #12 of 15 (permalink) Old 04-21-2009, 07:03 AM
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Its getting hammered this morning in premarket along with just about everything else. Looks like a lot of red today.......
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post #13 of 15 (permalink) Old 04-21-2009, 07:05 AM
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I'm thinking about taking some of the profit I turned on DRYS and seeing if I can make a buck or two on BAC in the next few months.
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post #14 of 15 (permalink) Old 04-21-2009, 09:29 AM Thread Starter
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Mike, what in the hell makes you think that?
A few things - Considering their quarterly postings that were released recently which made it drop 20% yesterday, the pre-market and the fact that its low for today was almost in the 6s ($7.00), I think $6xx is solid support. just a few reasons. I am not buying anything over $7.00 right now anyways.

Like I said, it was just my opinion.

Quote:
Originally Posted by Cmarsh93z
Don't Fuck with DFWStangs...the most powerfull gang I have ever been a member of.
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post #15 of 15 (permalink) Old 04-21-2009, 10:54 AM
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I think what they say is crap and I have thought that for a while. That is why i like the calls though, you risk little and the reward is huge if the stock takes off. The CEO from what i have seen is all about under promising and then over delivering. How can they not make money when they can get it at the Fed for practically nothing and lend it out at fat rates in a world that is hungry for credit? I have a hard time thinking they can't make money in that scenario, take my opinion for what it is worth (jack shit). You will see the analysts revise their earnings for the rest of 2009 and that is probably when the stock takes off.
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