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re: Is BOA a $70 stock?
Posted on 4/9/14 at 10:09 am to LSURussian
Posted on 4/9/14 at 10:09 am to LSURussian
quote:
I think there will be some people kicking themselves two or three years from now saying "Why didn't I buy BAC when it was $16.40/share two or three years ago?!?"
Eh, that's a silly game to play. You could literally do that for hundreds of stocks (going either direction), and it's just hindsight bias.
Let me put it otherwise. If I go to my deathbed with my #1 regret being having missed a runup in Bank of America stock in the mid-2010s, I will consider that a successful life.
1
Posted on 4/9/14 at 10:21 am to Cold Cous Cous
quote:I'm not recommending anyone buy BAC. It won't make anyone a quick buck.
Eh, that's a silly game to play. You could literally do that for hundreds of stocks (going either direction), and it's just hindsight bias.
But to listen to criticism of BAC by someone who asks "how is it vested?' when the question makes no sense at all and also asks how long does the average person hold 'stock certificates?'
Well, those are not exactly knowledgeable questions.
I wrote the same thing on this board about GE when GE was under $10 in 2009. But I said '5 years' instead of '2 or 3 years.' I bought GE back then when others on this board were breathlessly proclaiming GE was going to be bankrupt in 5 years. That worked out pretty well for me.....
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