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0 point   posted on 10/09/08
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N/A
-0.02%
 risk: conservative

BAC bounce back?


Considering all the ups and recent downs... I feel BAC has finally hit its low.... As an investment... I think today would be a good day to buy? Any thoughts?

  Related to:  
BAC Bank of America Corp


Comments (4)

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alephandtao   83%     1 point   commented 55 days ago reply

Hard to say. I'm bidding on big picture things rather than more specific technical analysis. In the panic selling I expect many companies to be oversold along with those that aren't worth anything. Of course, when we have trouble trusting the books of most companies these days, it seems like what the company books say is often more like a best case scenario.

I think it will go down more, but there may be a bounce if their underlying fundamentals are not bad. But whose books can we trust? How do we know that the fundamentals are really ok when enormous companies now vanish with a week's notice?

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traderdrew   66%     1 point   commented 45 days ago reply

it wont be a bounce but it will be around in a few years ... presumably

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abates   N/A     1 point   commented 41 days ago reply

you cant trust anything on any of these banks books especially now that it looks like they will be able to count the fed warrents as an asset not a liability

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nextfundmanager   N/A     1 point   commented 39 days ago reply

all banks will be very slow to come back


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