The Real Expert

Bank of America: Smarter Than We Think?

For all of you who for some reason want the highest risk sector with at best, mediocre potential returns, you will have plenty of time to buy the financials. As I have been saying for a while now, there is much more downside, especially with LEH, BAC, and AIG. I might consider going long BAC for a trade when it hits $22. In the meantime, I'm buying gold, Chinese assets, commodities, and other investments that will continue to do well.

Food for thought guys. If the banks are such "great values" why haven't they used some cash to buy back their shares? Because they have no extra cash (very dangerous situation) and because they know the end is nowhere near. Think about it..the Fed has opened its presses to them yet they are still not buying back shares????? WHAT DOES THAT TELL YOU????

Will the Banks Rebound? Cramer's Mad Money (5/30/08)

User 197255 of course you enjoy this site. You read yahoo stock message boards! lol. That tells me you are lost. This site caters to guys like you and that is experts don't stick around here long. Once they realize that 80% of the readers are complete idiots they bail. Good luck Cramer boy hahahaha.

Bank of America: Smarter Than We Think?

SoCal Scott, it's a shame you have not been patched into the real experts. If you had, you'd have made a lot of money. If you never expected BAC to see the 20s, what are you goingto say WHEN it hits $18? In my opinion there is a 70% chance of BAC reaching $18, an 80% chance of it reaching $20 and 90% chance it's headed to $25.

Bank of America: Smarter Than We Think?

"Bank of America: Smarter than We Think?" Let's see...a bank that has yet to integrate its IT systems from its California branches into its nationwide systems, despite around 10 years of saying it would? Mike you should know about this.


If BAC is smarter than we think, it surely isn't showing it with its abysmal level of customer service, marathon-like phone wait times,
and complete organizational chaos. BAC grew by acquisition and by flooding the nation with ATMs but it has failed miserably to properly integrate its banks and other holdings into its archaic IT platform. BAC is the worst run mega bank in one of what is now and has been (for about 4 years) the worst run industry in America, and the results are just now starting to show.

Get ready to buy BAC Michael, because panic is about to ensue. What I find strange though is that with already some lameduck financials in your portfolio, why you would buy another (BAC), especially when you already have BAC exposure via CFC.

blah-blah, sorry to say but only a clown would buy the 55 calls. Those way out of the money calls are almost always bought by "joes" who have no money and think they are going to hit it "big" if the stock goes up. Don't be a cheapo. If you like BAC (and I cannot see why you would given the current situation) spend more money and buy calls closer to the money. If the stock price moves up your percent gains will be higher. That is the way options work.

Donald Johnson, dividends don't do much when the stock craters. And selling calls won't ease the pain because the stock will most likely fall to $20 over the next few months. Any type of long strategy in the financials is complete stupidity at this point. I recommmended a long-term short in BAC 8 months ago and I would not be covering here (except maybe for a short-term cover then another short after rally).

Will the Banks Rebound? Cramer's Mad Money (5/30/08)

"THE REAL EXPERT ... Obviously you hold yourself in high regard! Maybe you should consider retaining a CFP to assist you in your decisions. Then you would have the advice of A REAL EXPERT. If you are unable to sift through the cornucopia of information available today, and make your own decisions without requiring rubber panties, then stay out of the market."

Lol that tells me you are a complete idiot. CFPs are nowhere near experts. They are clueless! All they do is charge money for telling you to diversify. How do I know? I completed all educational requirements for the CFP certification and after successfully completely the useless courses, I refused to waste anymore money to take the exam. I did not want to be associated with such a scam designation. What people need more than anything are people who know how to navigate the markets. When nearly everyone missed the real estate dump, how can you trust anyone? Seek out those who knew it would happen. Theyare the only ones who have an idea what the future holds. Cramer missed it all just like the other morons.

To the rest of you naive kids, I do not watch or read anything Cramer talks about. Simply by following this moron you are showing you are lost.

getjdb, you are exactly right about CFPs. I can name a few experts for you to follow:

Jim Rogers
George Soros
Me - feel free to ask me any questions.

An Investor (A Very Old and wise Investor)

Bank Holding Company Stockholders: Greater Dilution Awaits

I agree Emerald. The writer is simply riding the wave. We all know the dilution and writedowns are far from over. Why not mention the REAL effect it is going to have? Further destruction of the dollar, higher oil, higher inflation, lower stock prices. If you are going to post a commentary, make it relevant. If you are incapable, then please take a back seat rather than posting trash simply as a way to promo your business. All it does it takes credibility away from you (assuming you have any). Let me know if you need some real insight.

Will the Banks Rebound? Cramer's Mad Money (5/30/08)

Seeking Alpha is just another site that tries to get as big of an audience as possible. You see, they want to ride the Cramer bandwagon because they want that Cramer audience because they don't really have enough valuable content to go at it on their own. Its the typical follower mentality.

They could care less about quality. Look at their ads - cheesy. How can you take any site seriously that reports Cramer's picks? This is why SA continues to lose real expert submitters.