valueinvestor123

Wachovia: Waiting for a New Entry Point

I love the concept that $4.50 to zero is not a long way to fall. If you put an equal amount into two stocks and one goes from $4.50 to zero and the other goes from $40 to $10 you are still better off in the $40 to $10 one even though it dropped by $30.

The Bank of America Bug

I am convinced that if BofA walked away from this deal, the stock would go up 30%. I think many people are either selling long positions or shorting the stock because they think CFC has a lot more "financial asbestos" than BofA realizes. I happen to think that this CFC acquisition was a terrible idea and I have no idea why Ken Lewis is sticking with it except for the fact that it may be hard to just walkaway legally at this point.