BAC - Bank of America - Page 316

my only concern is STD at -5%

not a good sign

great recovery! wow

can banks still look better

I feel as tho BAC will drop to 7.10 - 6.50 within the next few weeks.

the euro banks are stabalized

Hey Guys,,

What do you think about Going LONG with BAC? Lets say 5 years.

I think its a very good opportunity as BAC is on of the Major Banks in USA. There is a great opportunity of making good profit in long term.

What are your thoughts on that?

Hey Guys,,

What do you think about Going LONG with BAC? Lets say 5 years.

I think its a very good opportunity as BAC is on of the Major Banks in USA. There is a great opportunity of making good profit in long term.

What are your thoughts on that?

Quote:

Originally Posted by MyCricket 

Hey Guys,,

 

What do you think about Going LONG with BAC? Lets say 5 years.

I think its a very good opportunity as BAC is on of the Major Banks in USA. There is a great opportunity of making good profit in long term.

 

What are your thoughts on that?

I think it's a no brainer and my money is where my mouth is. I plan on holding 15 to 20 years and collecting dividends all along the way. BAC is my largest position with over 30K shares. 

EDIT: I've been holding this position for over a year now. I'm just barely green now.

Thanks for your reply guys.

I was wondering that today BAC is 7$ and in 5 years if it reaches 14$ mark, do i make 100% profit or there is some catch in that (other than broker fee)?

Quote:

Originally Posted by MyCricket 

Thanks for your reply guys.

I was wondering that today BAC is 7$ and in 5 years if it reaches 14$ mark, do i make 100% profit or there is some catch in that (other than broker fee)?

no catch...just most people can't wait 5 days, nevermind 5 years.

Bingo, was right again.

Now my 2nd guess is that it will rise to around 7.30 within the next couple days.

Quote:

Originally Posted by MyCricket 

Thanks for your reply guys.

I was wondering that today BAC is 7$ and in 5 years if it reaches 14$ mark, do i make 100% profit or there is some catch in that (other than broker fee)?

I think it's very possible BAC could see $25.00 in five years. I'm just guessing but 5 years is a long time. It all depends on the economy I suppose. 5 years ago it was at $48 bucks now that would be awesome.

BAC has a long way to go, WFC and JPM have better balance sheets. I dunno too much about BAC other than that, I know WFC much better and if I were to bet long term, WFC all the way. There is so much toxic real estate junk and unwinding of derivatives in this bank, don't want to touch this bank with a stick! (so much more so than the other banks I listed)

Quote:

Originally Posted by epoch707 

BAC has a long way to go, WFC and JPM have better balance sheets. I dunno too much about BAC other than that, I know WFC much better and if I were to bet long term, WFC all the way. There is so much toxic real estate junk and unwinding of derivatives in this bank, don't want to touch this bank with a stick! (so much more so than the other banks I listed)

I agree with most everything you said and thats why i'm buying BAC over the others. What you just described is opportunity.

^ Bingo

Quote:

Originally Posted by steadyup 

 

I agree with most everything you said and thats why i'm buying BAC over the others. What you just described is opportunity.

I don't think you understand, there's a lot more going on with this bank than you think. Why buy into a terrible bank with bad management, rather buy a better bank with better positioning and management to go with it. Have you taken a look at its balance sheet? so much bad debt its alarming! Although JPM took a 2 billion loss, I still think the smartest people are working there, lol. In the long run, a better managed bank with ASSETS that actually are able to produce cash flow win, BAC is still trying to reinvent itself. You would see WFC and JPM rise far higher in sooner time than BAC

It's your money though...

id buy canadian 100%

Quote:

Originally Posted by epoch707 

I don't think you understand, there's a lot more going on with this bank than you think. Why buy into a terrible bank with bad management, rather buy a better bank with better positioning and management to go with it. Have you taken a look at its balance sheet? so much bad debt its alarming! Although JPM took a 2 billion loss, I still think the smartest people are working there, lol. In the long run, a better managed bank with ASSETS that actually are able to produce cash flow win, BAC is still trying to reinvent itself. You would see WFC and JPM rise far higher in sooner time than BAC

 

It's your money though...

 Yes I do understand. You are still describing opportunity. The only way you get these kinds of opportunities is when there are serious problems. Bookmark this page...we will revist it in 20 years. I am very confortable with this risk/reward. Not arguing but don't assume I don't know my risk simply because it is too much for you to take.

This is all fluffery. The rich will continue to get richer and that includes all major banks alive today. they will all come out of this making money hand over fist at some point in the future. and then they won't until they do again and so on and so on...the cycle continues. Don't try to overthink it, most everything the media is pumping is BS. Nothing major has happened since Lehman and to this day people are constipated with fear. I'm betting nothing major happens until the end of the next bull market which is years away and least expected.

bet they already have the money piled up hand over fist. with the govt. loaning these banks trillions of dollars with super low interest rates, i'd be surprised if they haven't grown it exponentially 

Quote:

Originally Posted by steadyup 

 they will all come out of this making money hand over fist at some point in the future.