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billmichael

billmichael
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  • Is Our Bank Of America Stock Price Headed Back To Single Digits? [View article]
    Regular readers of your writings, Don, here on SeekingAlpha.com know that you bash Bank of America every chance you get. So much so that one might think you have a massive short position of maybe you just hate BofA, who knows? However, investors or traders who want to make money will probably continue to consider a global bank like BAC, emerging from the financial crisis, as an opportunity for capital appreciation. I am long on BAC and am adding to my position every chance I get.
    Apr 16 09:36 PM | 17 Likes Like |Link to Comment
  • Bank Of America: One Last Blow Of Penalty Remaining [View article]
    Clearly the Justice Department wants to make a whipping boy out of BAC and to make an example of the bank(s) while ignoring the role of the federal government in forcing the banking industry ( via legislation passed by Congress and signed into law by then President Clinton ) to make loans to those who couldn't possibly afford to pay them back just to prime the economy and make the polical party in power "look good". There are just as many people in government and the ratings agencies who are culpable in the mortgage meltdown yet it is the goverment that has retrieved its halo from the bottom of the carnage and is polishing it to a brilliant shine so it can reflect the blame away from itself. In the end the ones that get hurt are the investors, the depositors, the prudent savers, and all the ones who actually obey the law.
    Jul 17 05:39 PM | 15 Likes Like |Link to Comment
  • Bank Of America Has Been Dead Money For 20 Years: Did They Fire The Right People? [View article]
    As soon as I saw the headline I knew it must be Don Dion grinding his ax about Bank of America. For those of you who don't normally read Don's articles, he never has anything nice to say about Bank of America, never, ever. If you research his posts, you'll find he is on something of a one-man vendetta against Bank of America with dozens and dozens of posts about the most vile, dark, and evil aspects of BofA's activities. He must have an ulterior motive because no one would waste so much time bashing a company unless revenge or bitterness were in their heart. Bryan Moynihan must have beat him really bad a a game of golf or something.
    Jul 2 11:53 AM | 14 Likes Like |Link to Comment
  • Update: After Moynihan's Commentary, We Still Like Bank Of America [View article]
    When one considers the "thanks" they got, hopefully Bank of America (NYSE:BAC) will never again try to help the U.S. government by purchasing a company like Countrywide Financial.
    Nov 17 11:38 AM | 9 Likes Like |Link to Comment
  • Bank Of America: Mortgage Mess Resolved, Now Up To $20? [View article]
    At this point, Bank of America is almost like "found money."
    Aug 22 11:42 AM | 8 Likes Like |Link to Comment
  • Bank Of America Preparing To Write A Big Check- Take Some Profits [View article]
    You must not follow Don Dion that much. He's been bashing Bank of America for months and months. There is no way you could say you weren't warned about BofA if you had been reading Don Dion on a regular basis.
    May 16 04:16 PM | 8 Likes Like |Link to Comment
  • 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: Selling Into Market Weakness Is Never A Good Idea [View article]
    I think BAC is over the hump.
    Oct 16 09:44 PM | 6 Likes Like |Link to Comment
  • I Was Wrong About Bank Of America, But I Would Rather Own Key [View article]
    Thank you for sharing the numbers on KEY. I have been wanting another bank stock that is recovering like BAC. Bank of America is getting stronger all the time and I think it will be a good investment over the next few years, perhaps even good for many years once it is allowed by the government to pay dividends.
    Jan 3 09:53 AM | 5 Likes 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: About To Pull A Rabbit Out Of Its Hat? [View article]
    I just wish I had sold BAC in March so I could buy it all back in May. I could have made money coming down and then going back up. Oh well, can't turn your back for a moment. I am sure I'll get the hang of this yet.
    Jun 1 01:17 AM | 4 Likes Like |Link to Comment
  • Bank Of America Preparing To Write A Big Check- Take Some Profits [View article]
    Don has a grudge against Bank of America and uses every opportunity in these pages to vent his frustration with the company.
    May 16 04:35 PM | 4 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]
    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
COMMENTS STATS
113 Comments
222 Likes