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Author Topic: Citi, BOA going down soon? (blog article)  (Read 4701 times)

Offline HoldAndBuy

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Citi, BOA going down soon? (blog article)
« on: February 20, 2009, 07:16:33 am »
Funny how these bailed out companies seem to stay in the toilet long after they get their money.  :rolleyes.   AIG is trading at $0.59/share today!!!

http://www.chartingstocks.net/2009/02/gone-in-60-days-citi-and-bank-of-america-wont-live-to-see-may/

Offline allagash

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Re: Citi, BOA going down soon? (blog article)
« Reply #1 on: February 20, 2009, 08:00:21 am »
Great article.

Great charts...., (well, sorta).

Thanks for posting.

-Mike

Offline HoldAndBuy

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Re: Citi, BOA going down soon? (blog article)
« Reply #2 on: February 20, 2009, 08:20:10 am »
glad you enjoyed it (I didn't pay much attention to the charts)

Offline Liquidity

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Re: Citi, BOA going down soon? (blog article)
« Reply #3 on: February 21, 2009, 09:12:25 pm »
I dont think BOA / BAC stock symbol is crap.

the government took their hand to buy merrill Lynch. they all knew the crap merrill had on its books. the government was a planned partner in the deal.  Look at BOA it has banking, country wide mortgage and merrill lynch . they got a large piece of everything out there.

Offline HoldAndBuy

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Re: Citi, BOA going down soon? (blog article)
« Reply #4 on: February 22, 2009, 01:36:35 pm »
I don't understand BOA either. Citi's been on life support for awhile now, though. It's clear that once a bank gets one of these bailouts it's stock becomes the kiss of death in the market.

I dont think BOA / BAC stock symbol is crap.

the government took their hand to buy merrill Lynch. they all knew the crap merrill had on its books. the government was a planned partner in the deal.  Look at BOA it has banking, country wide mortgage and merrill lynch . they got a large piece of everything out there.

Offline HoldAndBuy

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Re: Citi, BOA going down soon? (blog article)
« Reply #5 on: February 23, 2009, 10:42:45 am »

Offline maryh

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Re: Citi, BOA going down soon? (blog article)
« Reply #6 on: February 23, 2009, 12:49:07 pm »
Thanks for the chart.  Wow! That's something.

So the question is if people starts pulling out their money, where should they put it?
Where will they bank?

Mary
« Last Edit: February 23, 2009, 12:55:03 pm by Mdhaas »

Offline Rich_in_CT

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Re: Citi, BOA going down soon? (blog article)
« Reply #7 on: February 23, 2009, 02:12:51 pm »
Ouch, those charts look like triple-diamond ski slopes.


Offline Liquidity

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Re: Citi, BOA going down soon? (blog article)
« Reply #9 on: February 23, 2009, 09:19:12 pm »
that article points out why i think BAC is a steal. I missed the boat on friday when it was in the 2.50's. I hope they push it back there 1 more time. even low 3's i'm grabbing some.

the market is being moved daily on nothing except short selling. well on financials at least. how else can a stock go from 2.50 to $4 in a few hours on no rumors or news.

the countrywide branch of bank of america i think is there gem. How many homes are gonna be bought or refinanced this year ????

 




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