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To: dollarbull
Toddster - how’s that BAC looking now?

Up $7 since you asked.

363 posted on 01/30/2008 11:46:50 AM PST by Toddsterpatriot (Why are protectionists so bad at math?)
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To: Toddsterpatriot

Wait until the next phase of the credit crunch kicks in.

Joe sixpack is tapped out, and structured finance products based on credit cards and car loans are going to tank just as hard as the real estate products did.

Credits card debt makes up 19% of BAC loan portfolio.

BAC will be wearing a “2” handle before year end.


364 posted on 02/09/2008 9:29:23 PM PST by dollarbull
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To: Toddsterpatriot
Up $7 since you asked.

Easy come easy go as they say. My target is still sub 30, at which point the yield will be about where it was at the bottom of the S&L crisis, and I may look to pick some up.
366 posted on 03/07/2008 11:37:31 AM PST by dollarbull
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