Post Reply
241-260 of 275
Looks like it is going below US$4 soon...
teeth thot..Angmo is world best con man....
teeth53 ( Date: 05-Feb-2009 22:42) Posted:
then why buy when U 1 2 to Q as far as possible...don't understand lehh.
jackjames ( Date: 05-Feb-2009 22:18) Posted:
doesn't look good, $4.57 pre-opening now, might break $4 tonight..
let's see.. i might queue at $3.5 or $3 later... queue "as far as possible"... |
|
|
|
Yalor, you wouldn't want to be sucked into a bottomless pit....AVOID the banks.
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) |
|
then why buy when U 1 2 to Q as far as possible...don't understand lehh.
jackjames ( Date: 05-Feb-2009 22:18) Posted:
doesn't look good, $4.57 pre-opening now, might break $4 tonight..
let's see.. i might queue at $3.5 or $3 later... queue "as far as possible"... |
|
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) |
|
walau..... 4.28 now.... really fast and crazy... anyway, queue to buy at $2.90, trying my luck....
oh yeah, on the queue also at AIG at $0.60, and Citigroup $2.40 ..
good night.
jackjames ( Date: 05-Feb-2009 22:18) Posted:
doesn't look good, $4.57 pre-opening now, might break $4 tonight..
let's see.. i might queue at $3.5 or $3 later... queue "as far as possible"... |
|
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)
doesn't look good, $4.57 pre-opening now, might break $4 tonight..
let's see.. i might queue at $3.5 or $3 later... queue "as far as possible"...
ok..point noted. thanks freeme.
hope BOA can give me a better profit to9.
freeme ( Date: 05-Feb-2009 17:42) Posted:
for citi dun need to avg dw yet la. If they really hit 2.5 den do it. else no point
maxcty ( Date: 05-Feb-2009 17:23) Posted:
| $5 at 500 shares bought last month..dun know how to average out..sian..
|
|
|
|
for citi dun need to avg dw yet la. If they really hit 2.5 den do it. else no point
maxcty ( Date: 05-Feb-2009 17:23) Posted:
$5 at 500 shares bought last month..dun know how to average out..sian..
freeme ( Date: 05-Feb-2009 17:18) Posted:
|
hw much shares u holding?
|
|
|
|
$5 at 500 shares bought last month..dun know how to average out..sian..
freeme ( Date: 05-Feb-2009 17:18) Posted:
|
hw much shares u holding?
maxcty ( Date: 05-Feb-2009 17:13) Posted:
wow..i sian for my citigroup..haha... let us hope BOA bounce up today...mine at $5.06
|
|
|
|
hw much shares u holding?
maxcty ( Date: 05-Feb-2009 17:13) Posted:
wow..i sian for my citigroup..haha... let us hope BOA bounce up today...mine at $5.06
freeme ( Date: 05-Feb-2009 17:09) Posted:
haha i also gt citi at $4
Boa at $5.1
lol... nw gov invest i also invest |
|
|
|
wow..i sian for my citigroup..haha...
let us hope BOA bounce up today...mine at $5.06
freeme ( Date: 05-Feb-2009 17:09) Posted:
haha i also gt citi at $4
Boa at $5.1
lol... nw gov invest i also invest |
|
haha i also gt citi at $4
Boa at $5.1
lol... nw gov invest i also invest
wow..u are at least better than me. I buy citigroup at $5. then keep dropping even since i purchase it. haha...
jackjames ( Date: 05-Feb-2009 15:49) Posted:
|
no la.. it means, bad luck surrounded them, haha..
I want to buy BOA too... still waiting.... see first la... last time buy citigroup at $4.50, straightaway go down to $2.80... curse and swear .. eventhough it up to $4.40 level during chinese new year, but now come down again..
so, still trying to bottom fishing.
maxcty ( Date: 05-Feb-2009 12:05) Posted:
| wow..meaning tonight share prices for BOA will drop like shit??? oh no... |
|
|
|
I think it is better to buy @ 10USD and wait for 70USD then to buy @ 5USD and wait for 70USD.
As we speak, BOA has yet to figure out how much losses in ML. The risk is impossible to bear.
Just my thought.
no la.. it means, bad luck surrounded them, haha..
I want to buy BOA too... still waiting.... see first la... last time buy citigroup at $4.50, straightaway go down to $2.80... curse and swear .. eventhough it up to $4.40 level during chinese new year, but now come down again..
so, still trying to bottom fishing.
maxcty ( Date: 05-Feb-2009 12:05) Posted:
wow..meaning tonight share prices for BOA will drop like shit??? oh no....
jackjames ( Date: 05-Feb-2009 11:32) Posted:
bank of america now damn shuay..
3 hours ago, news said Ex-Bank of America Employee Misappropriated $29 millions.
2 hours ago, Wedgwood Bank of America robbed..
the share price become shit after buying prestiguous Merrill Lynch, bad luck , bad luck, can understand those hardcore BOA shareholder frustration.. |
|
|
|
wow..meaning tonight share prices for BOA will drop like shit??? oh no....
jackjames ( Date: 05-Feb-2009 11:32) Posted:
bank of america now damn shuay..
3 hours ago, news said Ex-Bank of America Employee Misappropriated $29 millions.
2 hours ago, Wedgwood Bank of America robbed..
the share price become shit after buying prestiguous Merrill Lynch, bad luck , bad luck, can understand those hardcore BOA shareholder frustration.. |
|
bank of america now damn shuay..
3 hours ago, news said Ex-Bank of America Employee Misappropriated $29 millions.
2 hours ago, Wedgwood Bank of America robbed..
the share price become shit after buying prestiguous Merrill Lynch, bad luck , bad luck, can understand those hardcore BOA shareholder frustration..
let's us look at the market tonight. hopefully got some return
freeme ( Date: 05-Feb-2009 10:31) Posted:
I sold mine 2lots at 5.2, but buy back 1lot at 5.1
maxcty ( Date: 05-Feb-2009 08:32) Posted:
|
ya loh. drop to 52week lowest at 4.62 now. Never manage to sell off any last nite.
See how tonight. hope it will bounce back up.
Freeme, u sold any?? |
|
|
|
