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

... Crazy?

what price, and how many?

$17.60. About 2% of my portfolio. Keeping it light.

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.

i got some MER as well, also some AIG... risky yes, but well worth the risk in my opinion.

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

Why waste yer time?
Better money in HP who just cut 24,000 jobs. Stock bound to go up there for a little bit.

If you really want something risky, go with AIG.

:2 cents:

very risky i'm watching where they all land, good luck

Merrill up 26% since I bought it yesterday.

good luck all

um um ummmm
oh what a beautiful friday it is...

haha :) Fridays rock sometimes

crazy indeed

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!

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.

Nice moves man!

smooth :thumbsup

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.

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

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

untill boa fails

and dear god let us all pray that never happens...

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

stock market = pure gambling

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..

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)