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Among the new positions added by David Tepper's Appaloosa Management in Q1 are Bank of America...

Among the new positions added by David Tepper's Appaloosa Management in Q1 are Bank of America (BAC), Citigroup (C) and Hartford (HIG). Tepper also likes a couple of mortgage REITs, taking new positions in Chimera (CIM) and Two Harbors (TWO). (13-F)
Comments (19)
  • We are buying BAC for 6 mos target $12.25
    14 May 2012, 05:16 PM Reply Like
  • I'm buying the B TARP warrants with a 6 year target of $10.00 and a target price of the stock of $40.
    15 May 2012, 06:27 AM Reply Like
  • Please provide the symbol for the warrrents?
    15 May 2012, 08:13 AM Reply Like


    For you broker account quote service it would probably be diferent - inquire with them.
    15 May 2012, 08:59 AM Reply Like
  • Smart man! BAC good now for take off!
    14 May 2012, 05:16 PM Reply Like
  • All in as of late today. I truly believe (and partially figure and partially just plain old hope) that this dip in sp, thanks to JPM, is one of the last opportunities if not THE last opportunity to get in on BAC at such a low price. As long as Europe does not completely come unglued of course and take us right into the ditch....
    14 May 2012, 05:24 PM Reply Like
  • As for Europe, at least BAC has very exposure their unlike Citi.
    14 May 2012, 06:08 PM Reply Like
  • "the new positions added by David Tepper's Appaloosa Management in Q1 are Bank of America "


    So when did the 1Q end? 3/31? If so, he just took gas on his investment, ala JPM. Wonder what he paid. It closed today around $7.50. I would not exactly call this astute investing. Just saying. And now there is strong possibility that BOA wll be downgraded a couple notchs next month? And Tepper's investors are happy with this? Yoiks.
    14 May 2012, 07:16 PM Reply Like
  • at least for now and the near future the Banks have the stench of death upon them. I don't and won't own these loser stocks anytime soon. If you must make a banking play try PFF and PGF and get the dividends from the preferred shares. These and FNFG have been the best bank plays the past two years and fnfg is now off the table near term as well.
    14 May 2012, 08:58 PM Reply Like
  • Every now and then, you get an opportunity to make big bucks in the stock market.. Now is the time to make a buy. BAC is a steal.
    14 May 2012, 10:20 PM Reply Like
  • I'd like to know the thinking on CIM, since they cannot get their reporting together.
    14 May 2012, 10:24 PM Reply Like
  • I too would like to know why they purchased CIM. I know I did because I think it is under valued - spread has increased, defaults are slowing and the dividend seems safe. Guess the market is reacting positively to the earning news but have not reviewed it myself.
    16 May 2012, 06:35 PM Reply Like
  • Greece is an old problem and there are always good solution.
    The anti bail out party is leading by a inexperience/stupid leader who just 37year old. Luckily he got less than 20% of the votes.
    If the Greece has to vote again next month, I am sure that Alexis Tsipras will get much less than votes that he had last election because Greece people do not want its country in chaos or in the hand of the naive leader as Alexis Tsipras.
    14 May 2012, 11:08 PM Reply Like
  • The market decline yesterday was twice as big as the whole Greek economy - go figure?
    15 May 2012, 06:31 AM Reply Like
  • I'm selling monthly $9 calls on BAC while the Europe problem is in play.
    14 May 2012, 11:45 PM Reply Like
  • I bought a 1000 shares of CHK at $23.00 which was supposed to be the energy solution of the future. Now the stock has dropped to under $15.00. Talk about bad investing.
    15 May 2012, 10:36 AM Reply Like
  • You should buy nat gas futures because those seem to be the assets that bottomed in price. I too owned CHK. I only lost about $200-$350
    16 May 2012, 04:49 PM Reply Like
  • C'mon now, don't steer the retail investor in the direction of speculation.
    19 May 2012, 01:47 AM Reply Like
  • FYI i am a retail investor. U probably have more experience than i do.
    21 May 2012, 07:35 AM Reply Like
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