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billmichael

billmichael
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  • Update: Bank Of America Is Teetering On U.S. Court Action [View article]
    Oh...!!!
    Doom and Gloom...!!!
    DOOM & GLOOM...!!!
    What are we gonna do...???
    BAC is priced right where it should be. It would be double where its at now if all of its troubles were behind it.
    Yes, I agree, right now, would be a really silly time to get into the market at all.
    Jul 31 01:17 PM | Likes Like |Link to Comment
  • Bank Of America Stock Forecast Based On A Predictive Algorithm [View article]
    Well, so let's hear about BAC. Who do you think needs to go to jail? Name some names so an investigation can be started.
    Jul 30 04:07 PM | 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 Earnings Update: It Beats Estimates But Does That Matter? [View article]
    Uncertainty.
    Jul 16 04:15 PM | Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    " ... stock is down today."
    Furthermore, many stocks are actually "down" after an earnings report due to profit taking and for other reasons. And if you look at the numbers there was NO massive selloff of BAC stock (as if there was blood in the streets over this latest earnings report). It's just normal business in the course of a day's work.
    Jul 16 04:13 PM | Likes Like |Link to Comment
  • Bank Of America Earnings Update: It Beats Estimates But Does That Matter? [View article]
    From what I read elsewhere it would appear that BAC made a pot full of money but elected to set aside a significant portion for litigation expenses. I don't fully understand some of the figures I've looked at so if I am wrong please correct me. It appears that if it hadn't been for the 19 cents per share that was set aside the total net would have been about 42 cents per share which is higher than last quarter. You must not be doing that bad when you can manipulate your own profit margin to your advantage. I took advantage of the drop to load up on more shares. No other bank offers the upside that BAC offers right now. Settling with the DOJ remains the last major hurdle and I think the light at the end of the tunnel is starting to appear in the distance. I suppose there are better places to put your money but if you can wait a little while I think BAC stock will double in a few years plus it will start paying dividends. That's just my two cents.
    Jul 16 03:57 PM | Likes Like |Link to Comment
  • Bank Of America: Get Out Now, The Bank's Coffin Is About To Be Nailed Shut [View article]
    Boy Oh Boy, it would be sooo nice for BAC to spring the trap-door on Countrywide Financial. "Poetic Justice" it would be for all the leeches chasing their pound of flesh.
    Jul 14 09:46 PM | 1 Like Like |Link to Comment
  • Bank Of America: Get Out Now, The Bank's Coffin Is About To Be Nailed Shut [View article]
    Me, too. Long since the $8.00 range.
    Jul 14 09:44 PM | Likes Like |Link to Comment
  • Bank Of America: Damned If They Do And Damned If They Don't [View article]
    Let's not forget the November elections. There could be massive upheaval and changes in policy then.
    Jul 10 04:15 PM | Likes Like |Link to Comment
  • Bank Of America Has Been Dead Money For 20 Years: Did They Fire The Right People? [View article]
    Just remember that when the time comes that Bank of America is out of the woods and priced right as it should be, it will probably cost a lot more than what it does now.
    Jul 2 11:57 AM | 3 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
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    I agree with you. In fact, I bought more shares this morning at what I feel is a bargain price.
    Jun 16 10:08 AM | Likes Like |Link to Comment
  • It Appears As Though Shares Of Bank Of America Will Be Taking A Hit On Monday [View article]
    The news didn't "break" last Friday at midnight. There were reports as early as the 11th of June and up to that point BAC was shooting up then leveled off to about 15 and some change. ( See: "Bank of America Growth Challenges Go Beyond $17 Billion for Feds BY Dan Freed | 06/11/14 - 03:17 PM EDT, The Street" ). It makes no sense to me why the DOJ is trying to strangle a bank that the other half of government just spent billions to bail out. Everyone wants their pound of flesh, must be. Maybe the DOJ is trying to make the larger case of banks that are too big to fail and it is using BAC to do so. The DOJ could be wanting to justify "breaking up" the big banks. The Obama Administration is already in control of healthcare and energy in this nation, perhaps they are going attempt to take control of the banking industry via regulation and are laying the groundwork to support their goals. "The Ends Justifies the Means...???"
    Jun 15 10:31 AM | 2 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
  • I Might Very Well Be Wrong About Bank Of America [View article]
    "This worries me." "When people talk about BAC going 'down' it has gone 'up'." "Now that the talk about BAC is about going 'up'..."
    "Oh! What to do, what to do..."
    May 27 10:48 PM | 1 Like Like |Link to Comment
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