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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 | 16 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
  • 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 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
  • 4 Reasons Why Bank Of America Should Trade Back Down To $11 [View article]
    Just keep your eye on the little pendulum while I massage this nonsense into your brain...
    Apr 3 07:21 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
  • Buffett And Berkowitz Were (And Still Are) Right About Bank Of America [View article]
    Well, you know ...(buy Australian Banks...), you know what gamblers we Americans are. BAC is going to pay off big, even if it only gets to 15.00 here in the near future...
    Jan 18 01:44 PM | 3 Likes Like |Link to Comment
  • Walgreen Not Out Of The Woods Yet [View article]
    With the new guy (Skinner) from McDonald's in charge and with the acquisitions of that southern drugstore chain I wouldn't be surprised to see Walgreen's blast right through the current target of $45. At the very least, WAG is on the way UP.
    Jul 20 02:33 PM | 3 Likes Like |Link to Comment
  • Ford Looks Like A Buffett Special [View article]
    In another SeekingAlpha article, Rocco Pendola writes: "The have-nots cannot afford a Ford and the haves would not be caught dead in one." Nothing I've read is more spot on about Ford. Ford's product line sucks. Too many untried and unproven models have replaced proven winners like the Explorer, Crown Victoria, Ranger, and Sport-Trac. The "New" Ford Explorer is a joke and even the most popular American sports car ever, the Ford Mustang, is being replaced by a model that Ford says is more appealing to younger buyers. But, the younger set can't afford a Mustang and the older generation isn't going to be impressed by a new lightweight offering as a replacement for their favorite and fun to drive and fun to own sports car. Ford may have control of the cash flow, but they still must make cars that people want to buy. $50,000 for an Edge? Get real.
    May 10 08:17 AM | 3 Likes Like |Link to Comment
  • The Next Big Embarrassment For Bank Of America - Another Lawsuit [View article]
    Who cares about dividends when your money almost quadruples in just three years? Who worries about a 1 cent dividend increase when the share price goes up almost a dollar a quarter?
    Apr 3 06:21 PM | 2 Likes Like |Link to Comment
  • BofA's $8.5B mortgage settlement approved [View news story]
    Reminds me of an old saying by the Chinese that goes,
    "Man will sit with mouth wide open for very long time before roast duck come flying in."
    Here's another one,
    "The best fruit goes to those willing to reach the furthest."
    Jan 31 03:44 PM | 2 Likes Like |Link to Comment
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