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mngordoatyahoo

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  • When To Buy Bank Of America [View article]
    But then there's that old maxim about buying when everyone else is getting out. You need nerve and patience though.
    Nov 23 09:46 AM | 2 Likes Like |Link to Comment
  • When To Buy Bank Of America [View article]
    Yes, 2 bucks a share does make difference, and I am (and have been) in since 13 bucks, buying all the way down (just bought more at 5.60). However, the author is correct that not being "in" removes all risk...and if BAC goes to 13 or 14 a share, the gains from 7.50 are ample.
    I'm in but I'm nervous. Then again, I do agree with you that BAC isn't that much exposed to Europe and the argument for being "in" now, has many strong points. Guess it all depends on your risk tolerance.
    Nov 23 09:42 AM | 1 Like Like |Link to Comment
  • Bank of America: Wary Ahead of Earnings [View article]
    I'm holding on to BAC in the same fashion I would when riding a "looper" roller coaster. My time frame to keep on holding (and maybe adding) is 3 years or possibly more.
    Jul 17 09:13 AM | Likes Like |Link to Comment
  • Why You Should Sell Bank of America [View article]

    I am far from being a financial expert, but I can offer an anecdotal about real estate values during the Great Depression. My grandfather had bought a property in Brooklyn, NY for $18K. In this often repeated story, he was forced to sell a few years later for $9K. He swore he'd never buy property again. He didn't, though he could have bought a Florida condo for $21K in 1970, and even with the bust, it would be worth in the mid-$400's today!
    The author quotes Shiller and says, "there has never been a bust of this proportion," said Shiller. "Even in the Great Depression, home prices fell nominally approximately almost as much as they did recently. But that was with all prices falling. So real estate prices didn't go down hardly at all during the Depression",
    I can only assume thenthat my grandfather's experience was unique and unusual but somehow I don't think that was the case.
    Jun 14 02:18 PM | Likes Like |Link to Comment
  • BofA Valuation Confirms Its Current Bearish Inflection Point [View article]
    Read the article and can't decipher WTF it is trying to say.
    Feb 1 11:13 AM | 2 Likes Like |Link to Comment
  • Should You Short BofA, The Next Wikileaks Victim? [View article]
    I am in the green right now in my BAC holding.
    Since I am planning to hold for at least 2 years more, I intend to forgo my current profits if the wiki "news" adversely affects the current price per share.
    BAC should survive negative news related to "bad things" done way back when.
    And realistically, it is a new entity, having absorbed both Merrill and Countrywide. Further, it is HUGE...
    I will not use the words "too big to fail", presumably since no corporation is permitted to exist with that label attached to it. But again, reality says that "too big to fail" is a phrase that likely applies to BAC today.
    Jan 17 02:53 PM | 1 Like Like |Link to Comment
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