Dorsia1 Posted December 19, 2012 Share Posted December 19, 2012 I haven't sold anything. Nor do I plan to. Link to comment Share on other sites More sharing options...
texual Posted December 19, 2012 Share Posted December 19, 2012 I only bought common shares since 2010 and never looked at warrants, so I can't really contribute to that aspect of BAC. But so far it has been a profitable stock that I plan to hold forever for the dividends over time. Link to comment Share on other sites More sharing options...
kevin4u2 Posted December 19, 2012 Share Posted December 19, 2012 Am I the only one that hasn't sold anything yet? I'm with you. This one is worth much, much more than the current quote. Link to comment Share on other sites More sharing options...
alertmeipp Posted December 19, 2012 Share Posted December 19, 2012 I sold some below $11. Link to comment Share on other sites More sharing options...
rjstc Posted December 19, 2012 Share Posted December 19, 2012 I have sold none. Bought around $6 (my major buy) & still adding up to $9. Link to comment Share on other sites More sharing options...
finetrader Posted December 19, 2012 Share Posted December 19, 2012 Thinking of buying more rather than selling. I'll see.. A pullback would help me make my decision. I have 33% of portfolio in BAC and BAC-wt. I see this thing at 15$ at end of 2013. Link to comment Share on other sites More sharing options...
compoundinglife Posted December 19, 2012 Share Posted December 19, 2012 Am I the only one that hasn't sold anything yet? No sales here. Warrants, Common, 2014 $10 and $12 calls + 2015 $10 calls. 30% of my holdings currently. Been holding most of the warrants and common and 2014 calls from when the common was $5 to $8. Got the 2015 calls when they started trading. No plans to sell anything anytime soon. I am thinking I will hold the common and warrants for quite a while. If the warrants get really pricey I might unload some or all and see if I can buy them back cheaper or move to other ideas. Not sure yet what my strategy will be for unwinding the calls. I had thought earlier about rolling the 2014 contracts over into 2015 contracts but haven't. Between BAC and USG (second largest position) this has been one hell of a ride the past year. Link to comment Share on other sites More sharing options...
texual Posted December 19, 2012 Share Posted December 19, 2012 I wanted BAC to be my biggest holding this last year but it sank so low and I kept adding MSFT to balance out the risk. Looking back I should have bought more BAC and sold as it rode its way from 5 bucks. Oh well, now I just have to deal with Microsoft moving up, but much more slowly. Link to comment Share on other sites More sharing options...
ericd1 Posted December 19, 2012 Share Posted December 19, 2012 This Eric hasn't sold and and I don't see any reason to, especially the warrants, or the leaps, or the common... :) Link to comment Share on other sites More sharing options...
kevin4u2 Posted December 19, 2012 Share Posted December 19, 2012 Am I the only one that hasn't sold anything yet? I'm with you. This one is worth much, much more than the current quote. Keep in mind Francis Chou was buying back when the A warrants were over $7. His average cost is $5.88 in the associates fund and $3.57 in the RRSP fund. These warrants may sell for over 6 times the current quote in 2019, or more. At least that's the consensus between me and Bruce Berkowitz. I fully expect the warrants to add another 75% by the end of March, while the common will be up around 40%. Link to comment Share on other sites More sharing options...
treasurehunt Posted December 19, 2012 Share Posted December 19, 2012 I haven't sold any of the BAC stock I own either. And I don't plan to sell any shares unless the price goes up by another 25% or so in short order. Give that I probably won't be selling BAC any time soon, I am not all that excited about this recent rise in price. Better from my perspective for the price to stay low so that BAC can buy back more stock in the next couple of years. But I guess it's the season for good cheer, so carry on with the revelry! Link to comment Share on other sites More sharing options...
Liberty Posted December 19, 2012 Share Posted December 19, 2012 I haven't sold any, but I get not credit because I just bought recently. I know I'm late on this one, and have no one to blame but my own inadequacies as an investor :-\ I only have warrants, btw. Link to comment Share on other sites More sharing options...
berkshiremystery Posted December 19, 2012 Share Posted December 19, 2012 I do nothing with my BAC common, a-warrants or leaps,... as this is a permanent holding. Why should I sell,... i.e. fire myself as an investment banker,... just kidding,... but I count my future share of BAC earnings as my personal income, it's an investment banker income (look-through earnings). BofA CEO: Fed wants bank to show consistent earnings 2012-12-18 http://finance.yahoo.com/news/bofa-ceo-fed-wants-bank-013958694.html Link to comment Share on other sites More sharing options...
Mephistopheles Posted December 19, 2012 Share Posted December 19, 2012 I haven't sold either :) Link to comment Share on other sites More sharing options...
nkp007 Posted December 19, 2012 Share Posted December 19, 2012 Haven't sold a drop yet. Link to comment Share on other sites More sharing options...
jeffmori7 Posted December 19, 2012 Share Posted December 19, 2012 Haven't sold anything also..I just own commons, but if there is anything I would do now is buy more rather than sold..maybe if there is a little pullback. Link to comment Share on other sites More sharing options...
MVP444300 Posted December 19, 2012 Share Posted December 19, 2012 I'm not planning on selling my commons or warrants for quite a while. Link to comment Share on other sites More sharing options...
meiroy Posted December 19, 2012 Share Posted December 19, 2012 I'd only be excited about a holding if it goes up by 10% while the market goes down, if everything goes up it's really nothing to party about. It's like how a cup of hot chocolate is so much tastier when you are inside with the fireplace burning while it's heavy raining outside and you can see through the windows how people without umbrellas are running for safety. ho ho ho. Link to comment Share on other sites More sharing options...
txlaw Posted December 19, 2012 Share Posted December 19, 2012 Haven't sold any BAC exposure recently -- in fact, I actually reduced some of my AIG exposure to put money into BAC about two months ago. Gosh, it's fun to go back and read some of the threads we had on BAC back in the day when the stock was tanking (what, like less than a year and half ago?) and people really believed that there would be a complete loss on capital invested. Those were the good ole' days. ;D Link to comment Share on other sites More sharing options...
valueinvesting101 Posted December 19, 2012 Share Posted December 19, 2012 There is fairly good chance of BAC making around $50bn over next 3 years. Slowly dividend would settle around 80-100 cents/share and EPS around $2.4-3/share. I believe this is just starting to move now. It was trading little above $14 for months in early 2011 and company has only got better since then. Very hard to predict where it will go exactly but I am buying more over last few days. Buffett is buying WFC when it was trading at 32-33 saying it is cheap around that level. I think BAC will get better and give WFC run for its money sooner or later. BAC may be not as good as WFC but I attracted to it due to valuation and my small portfolio allows me to take risky bet with relatively smaller portfolio compared to income stream. Anyone planning to add more? Link to comment Share on other sites More sharing options...
FCharlie Posted December 19, 2012 Share Posted December 19, 2012 It's a hold right now Eric. I'll move my target to $12, when it hits $11.99, and then it will be a hold again...until it hits $12.99, and then I'll move my target to $13. Plus I'll write an article for the Fool.com or The Street.com titled "Is Bank of America a Buy?" That should help me raise $30-40M for the fund! Cheers! And here's the article. Ha! http://wallstcheatsheet.com/stocks/is-back-of-americas-stock-a-buy-now.html/ Link to comment Share on other sites More sharing options...
PLynchJr Posted December 19, 2012 Share Posted December 19, 2012 I haven't sold any...I added some last week. Link to comment Share on other sites More sharing options...
frith2012 Posted December 19, 2012 Share Posted December 19, 2012 I haven't been adding any more at these levels but certainly am not selling my position. The original thesis is still intact but with all of the volatility, I the market seems intent on offering opportunities on an almost regular basis. I still don't think the market is fully valuing the accretive nature of the change from empire builder to capital allocator (via buybacks and dividends). Additionally, the NOLs don't seem to be included in the valuation as those will provide a huge tailwind if BAC can get back to some semblance of "normalized" profits. Link to comment Share on other sites More sharing options...
biaggio Posted December 19, 2012 Share Posted December 19, 2012 Lots of Christmas cheer here. Kind of makes me nervous. Link to comment Share on other sites More sharing options...
rkbabang Posted December 19, 2012 Share Posted December 19, 2012 This Eric hasn't sold and and I don't see any reason to, especially the warrants, or the leaps, or the common... :) It appears that all the Eric's are on the same page. I haven't sold any either. --Eric Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now