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Tue Dec 20, 2011, 10:24 AM

Monday's Bank stock prices...

I don't invest at all, I just love to watch the cracks spreading in the banking edifice.

Bank of America Corporation Com
(NYSE: BAC )....................................................52wk Range: 4.92 - 15.31

Citigroup, Inc. New Common Stoc
(NYSE: C )........................................................52wk Range: 21.40 - 51.50

Goldman Sachs Group, Inc. (The)
(NYSE: GS ).....................................................52wk Range: 84.27 - 175.34

JP Morgan Chase & Co. Common St
(NYSE: JPM )...................................................52wk Range: 27.85 - 48.36

Morgan Stanley Common Stock
(NYSE: MS )....................................................52wk Range: 11.58 - 31.04

Wells Fargo & Company Common St
(NYSE: WFC ).................................................52wk Range: 22.58 - 34.25

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Reply Monday's Bank stock prices... (Original post)
dixiegrrrrl Dec 2011 OP
Mira Dec 2011 #1
Warpy Dec 2011 #2
Jack Sprat Dec 2011 #3
dixiegrrrrl Dec 2011 #4
rdking647 Dec 2011 #8
rdking647 Dec 2011 #5
dixiegrrrrl Dec 2011 #6
rdking647 Dec 2011 #7

Response to dixiegrrrrl (Original post)

Tue Dec 20, 2011, 10:25 AM

1. We are the 99%

I think they are bending at the knees.

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Response to dixiegrrrrl (Original post)

Tue Dec 20, 2011, 02:58 PM

2. People are pulling out of those stocks

because it's finally dawned on them how shaky those institutions are, especially BoA. The "too big to fail" are now too big to bail out successfully, even with safeguards to keep taxpayer money out of the pockets of the top bosses.

Nationalization is the only rational next step for these banks. Expect the far right to scream as they've never screamed before.

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Response to dixiegrrrrl (Original post)

Wed Dec 21, 2011, 02:51 PM

3. I would like to ask you a question, dixiegrrrrl

 

Do you see any point in longterm investing with the predictable stock trading that is now evident? Any market surge to the upside (20 Dec) seems to trigger selling by the day traders, who wait for the inevitable fall to the downside before they buy again. It would discourage any buy and hold growth investors from relying on that strategy ever again.

Why not invest in ETFs that can be bought & sold real time and follow the trends for the most part? This year's market floor seems to be a Dow 10700 and the ceiling seems to be about 12200. I don't see any investing in America's future anymore. It just appears to be a rigged game of frequent traders taking profits on the upswing and buying again on the downside.

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Response to Jack Sprat (Reply #3)

Wed Dec 21, 2011, 03:48 PM

4. I have no interest in investing, actually.

But totally agree with the opinion of the rigged game.

I took all our retirement money out of funds beginning in 2005, thru spring of 2008, as soon as we were "eligible" to do so, and thanked my lucky stars we could do that.
Now I am reading about people deciding to get out of retirement funds and pay the penalty rather than lose all of what they have, and I read of the mass exodus of folks from hedge funds and other "safe" investments, all because the perception of rigged game is VERY widespread by now.
I know some intelligent people who feel comfortable putting their money into Direct Treasuries, with the logic that if those blow up, money is NOT going to be the first concern.
Me, I don't have any "gambling" money lying around.

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Response to dixiegrrrrl (Reply #4)

Wed Dec 21, 2011, 07:24 PM

8. the problem with not investing is inflation

it will eat you alive...

and hedge funds have never been "safe" investments

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Response to dixiegrrrrl (Original post)

Wed Dec 21, 2011, 05:04 PM

5. as a trader i watch the banks closely

i dont own any righ tnow but im tempted to take a shot on BAC. I look on it as a binary option..its either worth zero or $15 a share.
Im not sure which. I also like MS,I think it will do fine in the long run. But im in no hurry to buy them.

and if you want to smile a little more all you have to do is remember that Citigroup did a 1-10 reverse stock split earlier this year so the stock price should be under $3

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Response to rdking647 (Reply #5)

Wed Dec 21, 2011, 05:08 PM

6. Take a "shot" at BAC or take a "short " on BAC?

The Feds keep goosing the news to keep BAC from blowing below $5, but I don't think they can keep that up.
I still think BAC has an exit plan which will at same time allow it to claim insurance on its trillion plus derivatives that it recently stuck in the banking part of BAC.
Just my hunch, from what I have been reading and pasting together in my mind.

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Response to dixiegrrrrl (Reply #6)

Wed Dec 21, 2011, 05:26 PM

7. take a shot on it

buy 1000 shares. either i make 10-15k or lose 5k

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