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09-15-2008, 02:10 AM
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#1 (permalink)
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Administrator
Join Date: May 2006
Posts: 2,282
Casino Cash: $953450
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Bank of America Corp. buys Merrill Lynch & Co
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09-15-2008, 12:33 PM
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#2 (permalink)
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Administrator
Join Date: Nov 2004
Location: Greater DC area
Posts: 7,276
Casino Cash: $1201139
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Re: Bank of America Corp. buys Merrill Lynch & Co
I wish I had bought even more BoA stock. Maybe I'll get some more--it will probably be down for a while.
I think they're going to give Citi a run for the money as the biggest bank.
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The answer is 42!!
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09-15-2008, 05:39 PM
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#3 (permalink)
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The One and Only!
Join Date: May 2006
Posts: 3,787
Casino Cash: $623232
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Re: Bank of America Corp. buys Merrill Lynch & Co
Bah, I got some wonderful shares of wamu, if anyone interested lol
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09-15-2008, 06:17 PM
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#4 (permalink)
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Administrator
Join Date: Nov 2004
Location: Greater DC area
Posts: 7,276
Casino Cash: $1201139
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Re: Bank of America Corp. buys Merrill Lynch & Co
I decided for BoA over WAMU several months ago. I'm also looking at BB&T, which is a regional bank.
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The answer is 42!!
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09-15-2008, 09:12 PM
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#5 (permalink)
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Elite Member
Join Date: Sep 2006
Posts: 1,052
Casino Cash: $536950
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Re: Bank of America Corp. buys Merrill Lynch & Co
By the above logic isnt Lehman Brothers the best of all? It is trading at 15 cents or so and is a lot cheaper than BOA so it must be a better buy.
There are numerous rumors that one of the mega banks ie Citi or BOA is about to fail as well.
This mess is twelve to 18 months from being over. Buying here is like a ticket to the Nigerian Lottery.
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09-16-2008, 12:37 AM
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#6 (permalink)
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Administrator
Join Date: Nov 2004
Location: Greater DC area
Posts: 7,276
Casino Cash: $1201139
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Re: Bank of America Corp. buys Merrill Lynch & Co
I didn't like their numbers. Nor WAMU's, nor Merrill Lynch's.
I also chose BoA over Citi and Chase.
__________________
The answer is 42!!
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09-16-2008, 02:33 PM
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#7 (permalink)
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Administrator
Join Date: Nov 2004
Location: Greater DC area
Posts: 7,276
Casino Cash: $1201139
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Re: Bank of America Corp. buys Merrill Lynch & Co
__________________
The answer is 42!!
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09-16-2008, 04:47 PM
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#8 (permalink)
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New Member
Join Date: Sep 2008
Posts: 1
Casino Cash: $100600
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Re: Bank of America Corp. buys Merrill Lynch & Co
Quote:
Originally Posted by spinn
By the above logic isnt Lehman Brothers the best of all? It is trading at 15 cents or so and is a lot cheaper than BOA so it must be a better buy.
There are numerous rumors that one of the mega banks ie Citi or BOA is about to fail as well.
This mess is twelve to 18 months from being over. Buying here is like a ticket to the Nigerian Lottery.
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Yes, buying now is too risky. Most likely there is more downside to financials. |
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09-16-2008, 05:47 PM
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#9 (permalink)
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Administrator
Join Date: Nov 2004
Location: Greater DC area
Posts: 7,276
Casino Cash: $1201139
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Re: Bank of America Corp. buys Merrill Lynch & Co
You can't predict the absolute bottom. Get in, stay in. Over the next 10-15 years you'll be glad you bought low instead of high.
__________________
The answer is 42!!
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