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To: saveslivesbyday who wrote (201216)	5/8/2009 10:18:14 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 306849

Yes.. hard to believe that they need no capital. So be it, COF begins to remind be on Providian, similar business which squeezed shorts to death after the recovery in 1998 (it however, died a few years later). I think that valuation wise, and with looming stock placements, BAC is even more overvalued. But then they goose BAC high enough to minimize the amount of shares to place. This was the march data: April 15 (Reuters) - Capital One Financial Corp : * Reports March chargeoffs and delinquency data * Reports U.S. credit cards annualized net charge-off rate 9.33 percent * Reports U.S. credit cards 30 days+ delinquency rate 5.08 percent * Reports auto finance annualized net charge-off rate 4.08 percent * Reports reports auto finance 30 days+ delinquency rate 7.52 percent * Reports international cards annualized net charge-off rate 8.67 percent * Reports international cards 30 days+ delinquency rate 6.25 percent April is due in a few days.

To: saveslivesbyday who wrote (201216)	5/8/2009 1:28:15 PM
From: Peter V	Read Replies (1) \| Respond to of 306849

Glad my stink bid on COF May 25 puts did not hit yesterday.

To: saveslivesbyday who wrote (201216)	5/8/2009 7:32:08 PM
From: Perspective	Read Replies (1) \| Respond to of 306849

Holy crap that thing has quadrupled off the $8 low. Totally recovered the loss for the year. Stunning. They've hit the 0.618 Fibonacci retracement already! They figure out a way to stick the taxpayer with THEIR bad debts? `BC

To: saveslivesbyday who wrote (201216)	5/9/2009 12:12:46 AM
From: Skeeter Bug	Read Replies (1) \| Respond to of 306849

saves, i'd like to save your life. in about 3-4 weeks, all the bad assets on COF's balance sheet are going to be laundered through phony companies and end up on the public's balance sheet. they will then have a perfect balance and a guarantee that the people of this nation will burn before COF has to eat their bad trades. that is worth at least a 2x valuation over what all the other poor piker companies get that actually have to retain their losses.