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1 pt

Opinion on  Bank of America Corp (BAC)     Sector: Financial  >  Industry: Money Center Banks
Pain moving up the stack

Dec 08, 2008 05:10 PM GMT
Anything
Return Risk
+8.03% HIGH
Sr. Associate

Subprime has already been killed, but the next domino to fall is credit card debt and housing in the middle class where all the job losses are now occuring. Avoiding the subprime mess not enough in the next downturn in 2009. This call is likely early, but over 12 months it should pan out.

BAC:  This call was made on 12/08/08 @ $17.03
Rating:   Negative   $17.03 (12/08/08)
Closed:   02/20/2009 @ $3.65 (+78.57% in 73 days)
Target:   $9.00 (-47.15%) in > one year


Comments (1)

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utopius   83%     1 point   commented 278 days ago reply

will revisit this after Obama plan is released next week.

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