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monday should have some news
maxcty ( Date: 06-Feb-2009 15:16) Posted:
hmm sorry, when is that date of his new plan for bank release?? let us both hope tonight we can at least see some profit. haha
freeme ( Date: 06-Feb-2009 15:11) Posted:
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ya.. yest saw $4 but dare nt buy anymore..
hope by next wk obama release new plan for bank will boast BoA. I tink its overly done liao compare to other bank shares in US |
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hmm sorry, when is that date of his new plan for bank release??
let us both hope tonight we can at least see some profit. haha
freeme ( Date: 06-Feb-2009 15:11) Posted:
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ya.. yest saw $4 but dare nt buy anymore..
hope by next wk obama release new plan for bank will boast BoA. I tink its overly done liao compare to other bank shares in US
maxcty ( Date: 06-Feb-2009 13:36) Posted:
| ya..really HENG sia. i quite sian last nite when it drop till $3.77. hopefully can take profit tonite. u still holding at $5.1??
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ya.. yest saw $4 but dare nt buy anymore..
hope by next wk obama release new plan for bank will boast BoA. I tink its overly done liao compare to other bank shares in US
maxcty ( Date: 06-Feb-2009 13:36) Posted:
ya..really HENG sia. i quite sian last nite when it drop till $3.77. hopefully can take profit tonite. u still holding at $5.1??
freeme ( Date: 06-Feb-2009 08:58) Posted:
| haha heng recover so much.. else really sian 1/2. hopw tonite can collect some profit |
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ya..really HENG sia. i quite sian last nite when it drop till $3.77. hopefully can take profit tonite. u still holding at $5.1??
freeme ( Date: 06-Feb-2009 08:58) Posted:
| haha heng recover so much.. else really sian 1/2. hopw tonite can collect some profit |
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haha heng recover so much.. else really sian 1/2. hopw tonite can collect some profit
NEW YORK, Feb 5 (Reuters) - Bank of America Corp (BAC.N: Quote, Profile, Research) Chief Executive Kenneth Lewis acquired 200,000 of the bank's shares, his second purchase in less than three weeks, on Wednesday, a day before the stock fell to its lowest level since 1984.
Four other Bank of America directors, including lead outside director O. Temple Sloan Jr, also acquired shares this week, as did Brian Moynihan, who replaced John Thain last month as head of investment banking and wealth management.
Lewis spent about $958,000 on the shares, paying between $4.78 and $4.81 each, a U.S. Securities and Exchange Commission filing shows. That boosted his direct stake to 1,660,997 shares, worth $8 million based on Thursday's close. Lewis owns another 542,235 shares in various trusts, the filing shows.
Bank of America shares have fallen 86 percent since the company announced plans last Sept. 15 to buy Merrill Lynch & Co, a transaction that closed on Jan 1.
Large losses at Merrill prompted the bank last month to obtain a federal bailout, in which the government agreed to inject $20 billion of capital and share in losses on $118 billion of troubled assets.
According to other SEC filings, Sloan acquired 95,000 shares on Thursday, while another director, retired Gen. Tommy Franks, bought 30,000. Directors Virgis Colbert and Charles Rossotti, who joined the board from Merrill last week, bought a respective 15,000 and 10,000 shares. Moynihan bought 20,000.
Lewis also bought 200,000 shares on Jan. 20 for roughly $1.2 million. Sloan and several other directors also bought the bank's shares in January.
Bank of America shares closed Thursday up 14 cents at $4.84, after falling as low as $3.77. They are down 66 percent this year. (Reporting by Jonathan Stempel, editing by Matthew Lewis)
jackjames ( Date: 06-Feb-2009 08:22) Posted:
| yesterday high $4.96, close at $4.84, high and low more than 30%... you really don't know where is the bottom.. that is why people love US market... swing is fantastic.. , heee... |
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yesterday high $4.96, close at $4.84, high and low more than 30%... you really don't know where is the bottom.. that is why people love US market... swing is fantastic.. , heee...
Found this new, mutual fund also start selling BAC because they are not allow to own share price below 5USD (House Rule).
http://www.marketwatch.com/News/Story/Story.aspx?guid=%7bE72FD3D0-BC03-4AB3-A33B-6CBB4859FB36%7d&siteid=yhoo&dist=yhoo
Go to Yahoo Finance ticker BAC
So I C. That is why..save ML and let go Lehman Bro and BOA got something like US $25 bil injection from FED..Temasick "Heng Lohh"....Board of Directors save liao. IMAGE..what happen if, a big IF let go ML and save Lehman...Si Liao. all dead.
teeth53 ( Date: 05-Feb-2009 22:39) Posted:
fruitty ( Date: 05-Feb-2009 22:25) Posted:
U.S. pushed Bank of America to complete Merrill buy: report
NEW YORK (Reuters) - Federal officials pushed Bank of America Corp hard to complete its acquisition of Merrill Lynch even as credit losses mounted at the troubled investment bank, the Wall Street Journal reported on Wednesday, without citing any named sources.
Bank of America arguably saved Merrill from collapse in September when it quickly struck a merger agreement the same weekend Lehman Brothers went bankrupt.
By December, as Merrill's losses were soaring, BofA Chief Executive Ken Lewis told U.S. Treasury Secretary Hank Paulson and Federal Reserve Chairman Ben Bernanke he was having second thoughts, the paper said, according to people close to Lewis.
But Paulson and Bernanke on December 17 "forcefully urged Mr. Lewis not to walk away," the paper reported. They warned Lewis that if the deal collapsed, Merrill could be doomed and that their confidence in Bank of America would be "undercut."
Days later, Bernanke told Lewis Bank of America had no grounds to walk away, the Journal reported, citing people who heard the remarks. Another Federal Reserve official warned that if Lewis did walk away and later needed more government money, regulators might consider ousting executives and directors, people close to the bank say.
During the four weeks that followed, federal officials and Bank of America worked out a deal to preserve the Merrill deal. The government agreed to provide $20 billion in additional capital for the bank and to insure against losses on $118 billion in troubled assets.
Officials from the bank and from the government could not be reached immediately for comment on events described by the Journal report.
Bank of America previously received $25 billion as one of nine U.S. banks that kicked off the Troubled Asset Relief Program, or TARP, last fall.
Bank of America's Lewis has come under fire in recent weeks after his bank announced much larger than expected losses from Merrill and revealed it was receiving a second capital injection.
The bank's stock price has been hammered as shareholders, who were asked to approve the merger in December, complain they should have been warned about Merrill's woes earlier.
(Reporting by Joseph A. Giannone; Editing by Anshuman Daga) |
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In good time... in greater volume and in bad time...more risk..less volume. It is business as usual to them....like bankers, sure can earn one....$$$
teeth53 ( Date: 05-Feb-2009 23:28) Posted:
| Many of them....be it remisers, brokers, day traders, investers, speculators, many do NOT like to hold it over d next day, Be co's most of them 1 2 roll out better nos and target to hits...by buying it up or selling it down....in greater volume....Ya. |
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Many of them....be it remisers, brokers, day traders, investers, speculators, many do NOT like to hold it over d next day, Be co's most of them 1 2 roll out better nos and target to hits...by buying it up or selling it down....in greater volume....Ya.
Now a DAY, INVESTER OR NOT...cheong oni..many will let go to have some low low kopi $$$...
jackjames ( Date: 05-Feb-2009 22:53) Posted:
i just finished taking shower, and now lowest $3.77 ...
oh dear, my queue at $2.90 might get it ! teeth53, i queue because i want to buy the stock la.. just want to buy as cheap as possible (even though i don know how cheap can it be).... but then, i believe it can go up "soon".... Temasek paper loss 86%, ouch ouch ouch...
let me stay here for another few minutes, might withdrawn and queue lower, let's see..
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Errr..nothing much...old news, it just said FED approval sales to BOA...and i did mentionėd Tamasick very "Si Bei Heng", yours is more in details...Ya. Thks Qs for posting... and sharing ur thot...
fruitty ( Date: 05-Feb-2009 22:55) Posted:
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i guess it will closed around 3.50 tonight...
Should buy at 80~90cts, SEC rules, delist if for 90 days the price fall below USD1. Need to stay at USD 1 for the next 5 or 30 days <forget...heeee)
Major shareholders will try to pull the price back to USD1. If fail, do reverse split usually 4-to-1.
At this price, always good to play......everyday for 90 days....heee
When I write this passage it is 4USD...now 3.80USD .....what happen ??
i just finished taking shower, and now lowest $3.77 ...
oh dear, my queue at $2.90 might get it ! teeth53, i queue because i want to buy the stock la.. just want to buy as cheap as possible (even though i don know how cheap can it be).... but then, i believe it can go up "soon".... Temasek paper loss 86%, ouch ouch ouch...
let me stay here for another few minutes, might withdrawn and queue lower, let's see..
ya man..and is keep going down...
nextdoor ( Date: 05-Feb-2009 22:49) Posted:
below US$4 already...
maxcty ( Date: 05-Feb-2009 22:45) Posted:
| same feeling....
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below US$4 already...
maxcty ( Date: 05-Feb-2009 22:45) Posted:
same feeling....
nextdoor ( Date: 05-Feb-2009 22:44) Posted:
Looks like it is going below US$4 soon... |
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same feeling....
nextdoor ( Date: 05-Feb-2009 22:44) Posted:
| Looks like it is going below US$4 soon... |
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