... Crazy?
So I bought some Merrill Lynch at the end of the day ...
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Right. The deal is basically .86 shares of BAC stock per share of MER stock.
BAC. $26.55
MER. $17.60 (at the time)
So if the deal went through today then one share of MER would get you .86 shares of MER
worth .86*26.55 = $22.83 . That's a 30% profit. The risk being all the things that can go wrong with the deal in between here and then and of course the risk of a much lower BAC price. This deal is typical Ken Lewis though. Seems unlikely it would fall apart.
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i got some MER as well, also some AIG... risky yes, but well worth the risk in my opinion."Obscenity is whatever gives the Judge an erection." -- Author UnknownComment
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I hear there is good money to be made on the Zimbabwean currency exchange as well
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Why waste yer time?
Better money in HP who just cut 24,000 jobs. Stock bound to go up there for a little bit.

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um um ummmm
oh what a beautiful friday it is..."Obscenity is whatever gives the Judge an erection." -- Author UnknownComment
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haha
Fridays rock sometimes
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Heh. Merrill up 67% since I bought it 3 days ago.
What a week
My whole portfolio is up +15% in 2 days. Bought a buncha russian stocks a few days ago.
C-R-A-Z-Y!
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I wouldn't touch anything in financials or housing right now, unless I felt like gambling. For investing however, there are many other good sectors with bargains right now.Comment
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i hope you are kidding?
goldman is next... there is only a few investment banks left, goldman will not be part of them soon. their stock will tank in no time.
aig went from 80 to under 2 in no time
did anyone check out the lehman donkey story
the chief guy, always a winner could not salvage a deal, so monday they declare chapter 11 and he sells what was worth 145 mil stocks for pennies on the dollar and only gets 0.5mil.
then 2 days later the feds step in and offers help, next thing lehman is possible bailed out by Barclays... and he just personally took a shit for 144 mil
in retrospect you gotta wonder what kind of confidence he had in his own firm.."Obscenity is whatever gives the Judge an erection." -- Author UnknownComment
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Last edited by crockett; 09-19-2008, 10:37 PM.In November, you can vote for America's next president or its first dictator.Comment




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