Friday, February 20, 2009

BAC

I have made it very clear that Bank Of America is to be the first nationalized bank just pipping Citi, but that doesnt mean I am attached to it like my first bike.

I just bought BAC at 2.94 with a 2.8 stop as the CEO said he sees no reason why bank will be nationalized, now this is total crap and he knows it, its why he blinks like a call girl on the corner of houston and thomson in nyc but I bought them because he cant say that quote and at the same time know he is talking to the govt about the very subject. So its a trade to be CLOSED out at the end of today regardless.

Giddy Up

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