Quote:
Originally Posted by gleem
For those of you watching the market, how's the roller coaster been today? I picked up some "C" at fresh 52 week lows, have a limit order on "BAC" that I have a feeling it might hit too.. Hoping the financials will get a 5 - 20% bounce like before, & when Greece defaults they tank completely down the road.
Pick up anything at lows, what's on your watch-lists?
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BAC has been taking a hammering lately due to Countrywide (seriously, what a stupid fucking acquisition that was!) and they just got downgraded 2 levels in credit rating - that plus apparently now government is shying away from bailing out the "too big to fail" entities, so if shit hits the fan for BAC...
Certainly there's high potential upside, but look - WAMU was hugely popular and "successful" until all of a sudden they weren't and they went belly up. Just not sure I'd hitch a rideo n the likes of BAC at this point. I keep thinking they won't go lower and then they do.