So I bought some Merrill Lynch at the end of the day ...

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  • ADL Colin
    Too lazy to set a custom title
    • Feb 2001
    • 11929

    #1

    So I bought some Merrill Lynch at the end of the day ...

    ... Crazy?


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  • brand0n
    been very busy
    • Nov 2002
    • 26983

    #2
    what price, and how many?
    want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

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    • ADL Colin
      Too lazy to set a custom title
      • Feb 2001
      • 11929

      #3
      Originally posted by brand0n
      what price, and how many?
      $17.60. About 2% of my portfolio. Keeping it light.


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      • GetSCORECash
        Confirmed User
        • Mar 2008
        • 5527

        #4
        Welcome to the club of Merrill Lynch owners whose stock will be transfered to BOFA stock.

        BOFA stock went down, today...
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        • ADL Colin
          Too lazy to set a custom title
          • Feb 2001
          • 11929

          #5
          Originally posted by SCORE-Cash
          Welcome to the club of Merrill Lynch owners whose stock will be transfered to BOFA stock.

          BOFA stock went down, today...
          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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          • JP-pornshooter
            Confirmed User
            • Sep 2006
            • 4007

            #6
            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 Unknown

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            • Twistys Tim
              Confirmed User
              • Apr 2008
              • 1923

              #7
              I hear there is good money to be made on the Zimbabwean currency exchange as well


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              • AlienQ - BANNED FOR LIFE
                best designer on GFY
                • Mar 2003
                • 30307

                #8
                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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                • tranza
                  ICQ: 197-556-237
                  • Jun 2003
                  • 57559

                  #9
                  If you really want something risky, go with AIG.

                  I'm just a newbie.

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                  • sweetredhead
                    Confirmed User
                    • Jun 2008
                    • 443

                    #10
                    very risky i'm watching where they all land, good luck
                    Brooke
                    [email protected]

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                    • ADL Colin
                      Too lazy to set a custom title
                      • Feb 2001
                      • 11929

                      #11
                      Merrill up 26% since I bought it yesterday.


                      Adult Date Link - $50 PPS starting NOW! -- good and JUICY!

                      skype = "adultdatelink"

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                      • MrAwesome
                        Confirmed User
                        • Jan 2005
                        • 898

                        #12
                        good luck all
                        CraftCannabis

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                        • JP-pornshooter
                          Confirmed User
                          • Sep 2006
                          • 4007

                          #13
                          um um ummmm
                          oh what a beautiful friday it is...
                          "Obscenity is whatever gives the Judge an erection." -- Author Unknown

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                          • Tanker
                            Confirmed User
                            • Nov 2000
                            • 9287

                            #14
                            haha Fridays rock sometimes

                            Tanker
                            ICQ 3427575


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                            • fatfoo
                              ICQ:649699063
                              • Mar 2003
                              • 27763

                              #15
                              crazy indeed
                              Send me an email: [email protected]

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                              • ADL Colin
                                Too lazy to set a custom title
                                • Feb 2001
                                • 11929

                                #16
                                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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                                • Vendot
                                  Confirmed User
                                  • May 2002
                                  • 3376

                                  #17
                                  I missed Merill but I managed to grab some Goldman Sachs stock this week at $88..... for a sweet deal at the end of today.
                                  Last edited by Vendot; 09-19-2008, 03:43 PM.
                                  "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

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                                  • L-Pink
                                    working on my tan
                                    • Mar 2005
                                    • 39151

                                    #18
                                    Nice moves man!

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                                    • woj
                                      <&(©¿©)&>
                                      • Jul 2002
                                      • 47880

                                      #19
                                      Originally posted by ADL Colin
                                      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!
                                      smooth
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                                      • SomeCreep
                                        :glugglug
                                        • Mar 2003
                                        • 26118

                                        #20
                                        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.

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                                        • DateDoc
                                          Outside looking in.
                                          • Feb 2005
                                          • 14243

                                          #21
                                          I almost bought AIG @ $1.70ish <kicks self> it is upper $3 range now was in the $4s today.

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                                          • FreeHugeMovies
                                            Too lazy to set a custom title
                                            • Dec 2001
                                            • 14142

                                            #22
                                            I have heard they will be moving their HQ to Charlotte, NC! Great for property values. =]

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                                            • brand0n
                                              been very busy
                                              • Nov 2002
                                              • 26983

                                              #23
                                              untill boa fails

                                              and dear god let us all pray that never happens...
                                              want to buy this spot for cheap? it is of course for sale. long term deals are always the best bet. brand0n/ at/ a o l dot commies.

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                                              • Drake
                                                Hello world!
                                                • Mar 2003
                                                • 12508

                                                #24
                                                Making money when things seem down. I envy that Colin. Good job.

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                                                • nico-t
                                                  emperor of my world
                                                  • Aug 2004
                                                  • 29901

                                                  #25
                                                  stock market = pure gambling

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                                                  • JP-pornshooter
                                                    Confirmed User
                                                    • Sep 2006
                                                    • 4007

                                                    #26
                                                    Originally posted by Vendot
                                                    I missed Merill but I managed to grab some Goldman Sachs stock this week at $88..... for a sweet deal at the end of today.
                                                    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 Unknown

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                                                    • crockett
                                                      in a van by the river
                                                      • May 2003
                                                      • 76818

                                                      #27
                                                      Originally posted by ADL Colin
                                                      Merrill up 26&#37; since I bought it yesterday.
                                                      Then sell it.. One thing I learned was to take a profit when you have it and don't be greedy because it always comes back to bite you in the stock market.
                                                      Last edited by crockett; 09-19-2008, 10:37 PM.
                                                      In November, you can vote for America's next president or its first dictator.

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                                                      • kenny
                                                        Confirmed User
                                                        • Mar 2002
                                                        • 7245

                                                        #28
                                                        Originally posted by crockett
                                                        Then sell it.. One thing I learned was to take a profit when you have it and don't be greedy because it always comes back to bite you in the stock market.
                                                        Yep.

                                                        Especially after a day like today (ralley)
                                                        7

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