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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Spekulatius who wrote (29657)1/11/2008 6:52:34 AM
From: Madharry  Respond to of 78469
 
another thought i had would be that BAC just purchase the servicing portfolio. of course to me that would mean that CFC banruptcy pretty inevitable and if I were a debt holder I might try to block that deal.



To: Spekulatius who wrote (29657)1/11/2008 7:18:37 AM
From: Madharry  Read Replies (2) | Respond to of 78469
 
cfc purchase is official-.1822 of BAC stock. I suspect BAC going down at the open. One of the guys at Fast Money said it was akin to your broker suggesting that you triple down on a stock that had dropped 70% after you bought it. Not something that is generally recommended *S*.


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