Quote:
Originally Posted by PR_Glen
has he though? he lost a lot of money with them the last few years, my understanding was he sold all his holdings.
My only interest in it was some quick gains, because it was seriously under valued and also considering it seems protected by the fed. At least for now.
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I had considered it as well, but chickened-out. I had some personal issues with BoA after which I just couldn't get myself to do it ... However, as the old adage says, "when there's blood in the streets ... buy!". I regret not doing it, but probably would have sold by now.
http://dealbook.nytimes.com/2011/08/...nk-of-america/
I'm certainly not going to second guess Warren Buffet, but I see BoA as a sinking ship.