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Old 01-22-2009, 10:51 AM
 
Location: Weddington, NC
284 posts, read 530,166 times
Reputation: 293

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Quote:
Originally Posted by Whytewulf View Post
That was my point.. Stock in the short can drive you nutz... I think of it as a 401k, buy it and forget for 10 years. (hopefully)
I completely agree - 95% of my investments are buy and hold for retirement. I'm still fairly young so that's still pretty far off. 5% of my investment money I play with on short trades. I agree with the other posters, though, it would be a big stressor if one invested all they had in day trading.
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Old 01-22-2009, 11:07 AM
 
Location: State of Being
35,885 posts, read 67,009,663 times
Reputation: 22370
Quote:
Originally Posted by LLN View Post
Tried to tell yah!
You did - and I was a smartypants about it!!!
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Old 01-22-2009, 01:27 PM
 
1,670 posts, read 5,797,937 times
Reputation: 1178
John Thain (CEO) stepped down and the prices rose.
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Old 01-22-2009, 02:03 PM
 
Location: Noth Caccalacca
5,553 posts, read 6,668,458 times
Reputation: 4838
Quote:
Originally Posted by arussell View Post
John Thain (CEO) stepped down and the prices rose.
Well, they don't have to pay that exorbitant salary now!
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Old 01-22-2009, 02:49 PM
 
509 posts, read 1,642,411 times
Reputation: 182
overall, it's been a pretty crappy day for BOA. The Thain breakup and all the gory details that are emerging, and a group of shareholders has filed suit in New York re. the BOA-Merrill deal.
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Old 01-22-2009, 03:12 PM
 
Location: State of Being
35,885 posts, read 67,009,663 times
Reputation: 22370
Quote:
Originally Posted by GirlTravels View Post
overall, it's been a pretty crappy day for BOA. The Thain breakup and all the gory details that are emerging, and a group of shareholders has filed suit in New York re. the BOA-Merrill deal.
Can't say I blame them. If I were a big shareholder, I would be pretty upset about the way things have been handled w/ that merger.
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Old 01-22-2009, 03:34 PM
 
Location: Charlotte, NC
2,193 posts, read 4,535,191 times
Reputation: 1072
On CNBC they said Thain authorized a purchase of 14000 dollar wastebasket!
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Old 01-22-2009, 03:38 PM
 
295 posts, read 972,003 times
Reputation: 95
Bank of America = Carolina Panthers Up in the 1st quater but down by the 4th. The stock might see One Dollar soon.
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