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To: Ron who wrote (6414)4/20/2009 7:10:54 AM
From: Bucky Katt  Respond to of 7944
 
BAC numbers just out, stock up a dime>

Record Revenue of $36 Billion and Pretax, Pre-Provision Income of $19 Billion

Merrill Lynch Contributes More Than $3 Billion to Net Income

Tangible Common Equity Ratio Improves to 3.13 Percent

Extends $183 Billion in Credit in the First Quarter

Adds $6.4 Billion to Loan Loss Reserve

CHARLOTTE, N.C., April 20 /PRNewswire-FirstCall/ -- Bank of America Corporation today reported first-quarter 2009 net income of $4.2 billion. After preferred dividends, including $402 million paid to the U.S. government, diluted earnings per share were $0.44.
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SPX futures down 11



To: Ron who wrote (6414)4/20/2009 9:06:46 PM
From: Bucky Katt  Read Replies (1) | Respond to of 7944
 
Many punters wondering what happened today, why the dump. One reason is Friday was an expiration day.

I could go into detail, but you can look it up.
This type event happens all the time.
Forewarned is forearmed.

So the longs took their money and went home.

And today was a new day to follow the flow.


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