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billmichael

billmichael
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  • Bank Of America: A Bank Fit For Investment [View article]
    There is negativity here about Bank of America that I really think is unjustifiable. Some of these very same authors appear in other columns where they actively bash Bank of America and support their argument without the necessary "hard facts" that can be readily verified. One author claimed that Bank of America insiders were selling their shares in droves yet this is completely false and it is information that is easy to look up. Something funny is going on here almost like there are a number of authors who are trying to drive the stock price down. I have to say, "Why would anyone waste their time bashing a stock like Bank of America over and over across multiple articles on this website if they didn't have some sort of motive against the stock?" Despite the lawsuits, Bank of America is a giant in the industry with a market capitalization of 150 billion dollars that has returned 40% to its shareholders in the previous 12 months. It remains on track in its recovery effort. I think that anyone who suggests to you that the bank isn't successful is blowing smoke. Of course, do your own research. It's your money at stake.
    Nov 7 08:55 PM | 8 Likes Like |Link to Comment
  • Bank Of America Could Be On Sale Soon, Again [View article]
    Well, maybe not "clearly and maybe not "upward" but more like "steady."
    Oct 31 03:33 AM | 1 Like Like |Link to Comment
  • Bank Of America Could Be On Sale Soon, Again [View article]
    But lets not kid ourselves. It's the "stock market" and the whole thing could go belly up at any time for any reason unforeseen by any of us. That's what makes it such a thrill-joy.
    Oct 31 03:29 AM | 1 Like Like |Link to Comment
  • Bank Of America Could Be On Sale Soon, Again [View article]
    And that's just November. December shows 14,268 sold CALL contracts at 11 cents each for a strike price of 15.00. The PUTS contracts were numbered at 1408 at 31 cents each for a strike price of 14.00. Clearly the expectation of options traders is one of upward price movement.
    Oct 31 03:24 AM | 5 Likes Like |Link to Comment
  • Bank Of America Could Be On Sale Soon, Again [View article]
    " ...penny-a-pop look "
    I think you nailed it right there.
    Oct 31 03:17 AM | 2 Likes Like |Link to Comment
  • Bank Of America Could Be On Sale Soon, Again [View article]
    Quote from Happyshorter: ".... Insiders have been selling regularly since many months, and heavily on the last peek (if we can call it that way)"

    That is completely FALSE. In the last 3 months there were 8 purchases and 6 sales. In the last 12 months there have been 52 purchases and 41 sales by BAC insiders as reported to the SEC. Easy to look this up and see you are wrong.

    Furthermore, "...the options traders agree with you", is just as incorrect. November contracts show 497 CALLS contracts at 15 cents each for a strike price of 14.50 and 163 PUTS contracts at 48 cents each for a strike price of 14.50. If anything the Options contracts indicate uncertainty and not "agreement".
    Oct 31 03:15 AM | 4 Likes Like |Link to Comment
  • Bank Of America's Day Of Reckoning [View article]
    Never think that governments don't stoop to the lowest levels just to bring in additional revenue. That goes for city, county, and state government, not just the federal government. He may try to deny it but one thing Obama did was to have his people figure out ways to inflict the most pain and suffering on taxpayers during the "sequester" and the "shutdown". City governments do the same thing: Try to control runaway spending? How dare you? Meals for students and the elderly cut back asap, just don't touch my generous pension contributions.
    Oct 28 11:20 PM | 4 Likes Like |Link to Comment
  • Bank Of America's Day Of Reckoning [View article]
    Imagine being a state attorney general who could bring a billion dollars into the coffers? Wouldn't that get you laid?
    Oct 28 11:11 PM | Likes Like |Link to Comment
  • Bank Of America's Day Of Reckoning [View article]
    A genuine Gum-Bumper who knows nothing of what he speaks. This man sounds like he's giving a lecture to one of his kids about the "bad people" next door. Gee father, take me to confession, I feel dirty.
    Oct 28 09:42 AM | 4 Likes Like |Link to Comment
  • FHFA demands $6B from BofA over mortgage bonds [View news story]
    Perhaps this is part of the Obama Plan to Destroy the US Economy. Maybe instead, it's revenge. Consider that Goldman Sachs manufactured similar problems "in house" yet they aren't being focused upon in the same way that lawsuits have been brought against JP Morgan and Standard and Poors and BAC. Maybe JP Morgan and BAC didn't provide the kind of support the President wanted so now it is time for the Eric Holder Justice Department to put the heat on them. It sure does make one wonder.
    Oct 21 04:15 AM | 3 Likes Like |Link to Comment
  • FHFA demands $6B from BofA over mortgage bonds [View news story]
    How can the US Government expect to hold BAC liable for damages when the guilty party is Countrywide? I am sure that BAC was unaware of the shenanigans going on at Countrywide. The reason I say that is why would any company literally and knowingly buy itself a pack of trouble? It would have been monumentally stupid for BAC to knowingly purchase a company that had engaged substantially in corrupt business practices. So with that point in mind, what purpose does it serve for the US Government to attempt to collect from BAC for crimes committed by Countrywide? The only thing I can think of is that the US Government is out to enrich itself and to make a name for its own government officials. Oh well, what do I know?
    Oct 21 04:12 AM | 3 Likes Like |Link to Comment
  • Guggenheim cuts BofA and Goldman [View news story]
    When Boston Beer got to $125 a share a famous ratings house said in summary that they just couldn't see how SAM could go any higher. The stock immediately dropped five (5) dollars. That was a year ago and today shares in SAM are near $250.00 per share. Another VERY famous ratings house once stated that the mortgage securities that later collapsed and led to the financial crisis of 2008 were perfectly sound and buyers should feel free to pile in. Take that any way you want.
    Sep 27 08:31 AM | Likes Like |Link to Comment
  • BofA Article 77 hearing adjourned until mid-November [View news story]
    Hmmm, let's see... The Iron Maiden or the Rack...!!!
    Sep 26 05:42 PM | Likes Like |Link to Comment
  • BofA estimates lifted at Credit Suisse [View news story]
    Well,m I am certainly looking forward to those improved EPS numbers.
    Aug 22 11:46 AM | Likes Like |Link to Comment
  • 3 Reasons Bank Of America Is A Buy Ahead Of Earnings [View article]
    Dear DooWopDave,
    Almost every single one of your 34 comments on record with SA have been to bad mouth BAC. Why is that? You really HATE this stock for some reason. If you know something about BAC's alledged inability to put CW into bankruptcy maybe you could be kind enough to spell it out for us.
    Jul 3 01:29 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
77 Comments
129 Likes