10Jan/080
Bank of America Is Close to Buying Countrywide
Posted on Jan 10th, 2008 @ 3:47 pm by CY
IMO, this news is really unexpected. CFC is losing money in every quarter and is close to going bankrupt. Out of the blue, Bank of America, the 2nd largest US bank, is buying Countrywide Financial Corp. Congrats to those who bought this just before 2:30 PM. Be sure to take some profits, and just be careful because [...]
Tagged as: bank of america, bankrupt, countrywide, takeover, volatile8Jan/080
Another Bad Day on the Stock Market
Posted on Jan 8th, 2008 @ 10:01 pm by CY
Lately the stock market is not doing too well. The US economy is struggling due to its weak currency, housing woes, and subprime credit problems. Many of the stocks lost a lot of value and they became very cheap right now. If you think about it, now it may be better to go short rather of [...]
Tagged as: cheap, countrywide, credit, etrade, housing, market, recover, short, subprime, weak currency