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10 pts

Opinion on  Bank of America Corp (BAC)     Sector: Financial  >  Industry: Money Center Banks
short term trade on gov't deal

Feb 27, 2009 08:44 PM GMT
Anything
Return Risk
+8.83% HIGH
Sr. Associate

If gov't deal is bad for C, it ain't going to be any better for BAC. This could be a good 2 week trade, or a 1 year trade. BAC is a pretty horribly run bank, they've made some really bad acquisitions over the years, including the short-sited near term ones. This is the long term problem. Short term, you have investors very scared of what's happening to Citi's stock, which may transfer over to BAC.

BAC:  This call was made on 02/27/09 @ $4.1
Rating:   Negative   $4.1 (02/27/09)
Gain/Loss:   -290.98% in 257 days
Target:   $2.00 (-51.22%) in One month


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