Bank of America stock nearing $5 danger zone

Javaman

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Wed Nov-30-11 08:16 AM
Original message

Bank of America stock nearing $5 danger zone

http://money.cnn.com/2011/11/29/markets/bofa_stock/index.htm?iid=Lead

NEW YORK (CNNMoney) -- Another trading day and another low for Bank of America's stock.

Shares of Bank of America (BAC, Fortune 500) dropped more than 3% Tuesday, hitting a new 52-week low of $5.03 -- its lowest level since March 12, 2009.

After the close of trading Tuesday, Bank of America was one of 37 financial institutions downgraded by S&P.

Beyond the S&P downgrade, trading could become even more complicated in Bank of America's stock, if it falls below $5. Under that threshold, many broker-dealers will not allow investors to buy or short a stock on margin, according to a spokesperson for the New York Stock Exchange

more at link...

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hobbit709

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Wed Nov-30-11 08:17 AM
Response to Original message

1. ain't that just too bad!

:nopity: :nopity: :nopity: :nopity:

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Bonobo

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Wed Nov-30-11 08:23 AM
Response to Original message

2. Good, good, good.

They are crooks, plain and simple and the people have abandoned trust in them and have pulled their money out wisely.

I hope, figuratively, that they die like the rabid dogs they are.

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earthside

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Wed Nov-30-11 09:12 AM
Response to Original message

3. Advertise!

I've noticed a big increase in 'feel good' television advertising for BOA.

That's a sure sign that the end is near.

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Earth_First

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Wed Nov-30-11 09:16 AM
Response to Original message

4. Boo-fucking-hoo!

Edited on Wed Nov-30-11 09:17 AM by Earth_First

Here's the Earth_First bailout offer: a bucket.

The ship is sinking.

Start bailing out your OWN mess.

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DU AdBot (1000+ posts)

Fri May 03rd 2024, 06:24 AM
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