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John Paulson says Bank of America (BAC +3.1%) shares will almost double over the next two years...

John Paulson says Bank of America (BAC +3.1%) shares will almost double over the next two years as writedowns ease. "Banks will have passed the current writedown cycle and have visibility for growth in 2012," the hedge-fund giant told investors in his Q3 letter. Paulson's holdings likely rank him among the 10 biggest stakeholders in BofA.
Comments (7)
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    Wrong! Try the opposite. Write downs will double. Paulson is trying to draw sheep in for the slaughter.
    18 Nov 2009, 10:44 AM Reply Like
  • bbro
    , contributor
    Comments (9322) | Send Message
     
    I'll take John Paulson over Meredith Whitney.....
    18 Nov 2009, 10:45 AM Reply Like
  • herbert hoover
    , contributor
    Comments (2005) | Send Message
     
    Did Paulson mean the price of the shares or the number of shares outstanding?
    18 Nov 2009, 10:46 AM Reply Like
  • dogtrack2
    , contributor
    Comments (11) | Send Message
     
    Same billionare scam artist who spread the rumor that Cit Group would merge before they went BANKRUPT.
    18 Nov 2009, 11:01 AM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    You can have him. He's been so right so far huh?

     

    On Nov 18 10:45 AM bbro wrote:

     

    > I'll take John Paulson over Meredith Whitney.....
    18 Nov 2009, 11:24 AM Reply Like
  • jpiretti
    , contributor
    Comments (710) | Send Message
     
    So a rumor that was perpetuated by the NY Post and Fox Business News (both Murdoch companies) and debunked by Reuters the same day, but does not profit Paulson at all, was done for what reason? You and MarketGuy should start your own fund because both of you are soooo much smarter than John Paulson.

     

    On Nov 18 11:01 AM dogtrack2 wrote:

     

    > Same billionare scam artist who spread the rumor that Cit Group would
    > merge before they went BANKRUPT.
    18 Nov 2009, 12:40 PM Reply Like
  • bbro
    , contributor
    Comments (9322) | Send Message
     
    Facts......give us facts,,,,, so you are saying writedowns will be 70 billion next year????

     

    On Nov 18 10:44 AM MarketGuy wrote:

     

    > Wrong! Try the opposite. Write downs will double. Paulson is trying
    > to draw sheep in for the slaughter.
    18 Nov 2009, 12:51 PM Reply Like
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