February 2nd Trading Week

MadJack

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Just saw BAC down to 3.82 while watching the worldwide exchange on CNBC.

:scared

Is Bank of America going to be nationalized?

:sadwave:

last price AH last night was over $5. how has it been trading after 8pm and now?
 

MadJack

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last price was $5.07. it will prob open at 7-730 and i'll post the first trades as soon as they happen.
 

MadJack

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it's trading already. last buy 200 shares at $5.05
 

MadJack

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BAC $5.13 VOL 25,869

don't know wtf cnbc is talking about :shrug:
 

MadJack

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BAC $5.25 with 1.8 million traded so far :shrug:

+.41 since yesterday's official close at 4pm
 

MadJack

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tell ya what. i never gave much thought and didn't really think they are that good looking and they aren't. but they DO get better looking all the time to me.

Becky Quick and Maria Bartiromo ;)

is it just me :shrug:
 

MadJack

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bought 1500 DRYS at $6.48 a little while ago. gonna try to get my money back from my last trade with it. that has been my jinx stock for sure.
 

MadJack

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ACTC gapping at 18/18.5

GERN and STEM running nicely PM

maybe a good day ahead :shrug:
 

vinnie

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tell ya what. i never gave much thought and didn't really think they are that good looking and they aren't. but they DO get better looking all the time to me.

Becky Quick and Maria Bartiromo ;)

is it just me :shrug:

Maria got some nice lips :brows:
 

dawgball

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tell ya what. i never gave much thought and didn't really think they are that good looking and they aren't. but they DO get better looking all the time to me.

Becky Quick and Maria Bartiromo ;)

is it just me :shrug:

DUDE! The women on CNBC are smoking!

:00hour
 

dawgball

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becky_quick_046.jpg


mariabartiromo2.jpg


erin_burnett_025.jpg


trish_regan_015.jpg


p10.jpg


caruso_m_bio_440_2007.jpg


p11.jpg
 

MadJack

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you forgot one of the top 3, imo. can't think of her name. rebecca (?) with the dark hair?

if i EVER buy DRYS again shoot my ass. :mad:
 

MadJack

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rebecca jarvis

rebecca jarvis

:00hour

#2 behind maria, imo :00hour

rebecca_jarvis_012.jpg
 

MadJack

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maria looks like she could be a wild one :D
 

chickenman

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Free Stock Symbol Lookup - Scottrade: Leading stock research
BofA CEO Lewis buys nearly $1 million more shares
Bank of America CEO Lewis says board supports model; buys 200,000 more shares

* Ieva M. Augstums, AP Business Writer
* Friday February 6, 2009, 10:06 am EST

* Yahoo! Buzz
* Print

Related:

* Bank of America Corporation

CHARLOTTE, N.C. (AP) -- In his latest move to show support of his bank, Bank of America Corp. Chief Executive Ken Lewis spent almost a million dollars this week to buy additional shares of his struggling bank.
Related Quotes
Symbol Price Change
BAC 5.95 +1.11
Chart for BK OF AMERICA CP
{"s" : "bac","k" : "c10,l10,p20,t10","o" : "","j" : ""}

He also told employees in a memo that the bank's board, "unanimously endorsed our business model, strategic direction and the team," at its regular meeting on Jan. 28.

The moves are Lewis' latest effort to convince employees, investors and the board that he and his management team can lead it out of its current crisis.

Lewis purchased 200,000 shares for $958,340 on Wednesday, according to a filing with the Securities and Exchange Commission on Thursday. It's the second time in recent weeks that Lewis has pumped his own money into the Charlotte, N.C.-based bank. Two weeks ago, he bought 200,000 shares for $1.2 million.

The filing came as the Bank of America's shares rebounded from a 25-year low Thursday afternoon, following other financial stocks higher as reports surfaced that the government may modify accounting rules that have been blamed for contributing to banks' troubles.

Shares of Bank of America rose 14 cents, or 3 percent, to close at $4.84 on Thursday. Earlier in the day, shares had tumbled as much as 20 percent to $3.77 -- a level not seen since 1984.

Bank of America shares rose 78 cents, or 16.1 percent, to $5.62 in morning trading Friday.

The bank's shares have been pummeled in recent days following the disclosure of the bank's first quarterly loss in 17 years and mounting concerns about its recent Merrill Lynch & Co. acquisition. There's also unrelenting concerns that the government's future plans to help prop up banks could hurt shareholders.

Last week, Lewis went before his directors in Charlotte for "the longest board meeting in anyone's memory," he told employees in the memo issued Monday.

"Every member of the management executive team participated, as we discussed in great detail the company's most recent performance and our plans for getting through the recession in a position of strength," he wrote in the memo.

Some analysts said Lewis' job might be on the line, but lead director O. Temple Sloan Jr. later issued a statement of support for the bank's management team.

In the memo, Lewis called the company's performance in January "encouraging." The "extreme dislocations in the capital markets we suffered last quarter seem to have moderated" but "credit costs continue to be a big issue."

He also acknowledged employees are disappointed about cuts to their bonuses. He noted that higher-ranking executives are taking deeper reductions and that neither he nor his top lieutenants are receiving payouts for 2008, according to the memo.

Last month, it was learned that Merrill Lynch, with Bank of America's knowledge, had moved up year-end bonuses for executives so they could be awarded before the acquisition was formalized Jan. 1. The bonuses were given as Bank of America was approaching the government for more money.

Former Merrill Lynch CEO John Thain, who had taken over as head of the combined company's wealth management business, resigned after news of the bonuses broke.

Thain and Bank of America's chief administrative officer, J. Steele Alphin, have been subpoenaed by New York Attorney General Andrew Cuomo amid an investigation into the timing of the Merrill Lynch bonuses.

On Monday, North Carolina Attorney General Roy Cooper also made a request for documents from Bank of America about the bonuses. The North Carolina Department of Justice issued an "investigative demand" seeking records, including a list of Merrill employees who received bonuses, communications between Merrill and Bank of America executives and details of the bank's federal assistance use.

Bank of America is required to respond by March 4, according to the 11-page demand.

"Public money is at stake," Cooper said in a statement.

Investors have been extremely anxious ahead of President Barack Obama's unveiling next week of a new framework for spending what's left of the $700 billion financial bailout which Congress created last year. Investors fear that the administration's moves could hurt shareholders by diluting the value of their stock.

Bank of America has already received $45 billion in government aid, including a $20 billion injection last month to help it absorb losses from its Merrill Lynch acquisition.

On Thursday, Bank of America spokesman Scott Silvestri declined to comment on the stock price, the likely effect of a new rescue plan or calls for management changes.
 

redsfann

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Somewhere in Corn Country
:00hour

#2 behind maria, imo :00hour

rebecca_jarvis_012.jpg

:00hour

My favorite of all the cuties on CNBC--I also think Mary Thompson has it going on, but I don't know why? :mj07: :shrug:

And the smart-ass that usually reports from Californina--Jane something. She comes across as a real wild one to me...:142hump:
 
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