Feb
Is this puppy going to go up? Or will CNBC and others state there will be nationalization so I have the ability to double up again and get some cheap shares?
Answer:
Who knows. It might go up or down tomorrow but in the long run, I don't think it will survive.
Most estimate that the US banks have between $1-$2 trillion in bad debt with Citigroup and B of A having a very big chunk of that debt.
Gietner with only about $250 billion in the TARP left won't be able to do much to solve the problem. I suspect that he’ll try to leverage the $250 billion to subsidize the banks on the sale of the bad debt. Getting 35 cents on the dollar instead of 22 cents on the dollar probably isn't going to save the banks.
Answer:
LOL
Not so fast cowboy. Keep in mind that in order for these companies to be listed. They have to fulfill the minimum share price of $1.00, in addition to other regulatory demands.
In addition, keep in mind that your competing with several mutual funds that need to sell or purchase holdings to keep the fund in line with the prospectus.
So with a blink of an eye. You can see a share price go through extreme fluctuations.
Beta: 1.53 (In theory. For every market 1% gain, this stock could potentially face a 1.53% gain. For every market 1% decline, it could face a 1.53% decline. Or for each piece of horrible news. Your better off getting the stock certificates and using them for toilet paper.)
If someone gave me 100 shares of this stock. I would sell it and buy an iPod.
Just my two cents.
Answer:
It's going to go up. BAC plans to purchase back the governments current stake over a 3 year period.
Related article:
http://www.charlotteobserver.com/busines…
Answer:
I guess we'll see in a few hours.
http://finance.yahoo.com/q?s=BAC
lol Ideal of luck to ya man.