BAC of C

[wimpy77]

if you own the stocks are you selling on the news that they need to raise more capital.

 

[Indiana Oracle]

if you own the stocks are you selling on the news that they need to raise more capital.

BAC, C, GM are binary plays IMO. Now holding GM, and am waiting for BAC to drop hard, then I will go in there as well (if it happens). Corresponded with John Thain (yep, that Thain (happenstance)) and his view is view is that C will be sold off. My view as well.

 

[wimpy77]

i can see C being sold off eventually but i think its gonna be a while. but honestly i think if people didn't think some of these banks didn't need to raise more capital then there were either stupid or just plain gullable.