Bank of America Corp (BAC)

[PhoenixRises]

"I know a fellow trader who has been trading options forever and he swears by it, that Coutnrywide will go into B/K. He may have his sources, I don't know.

He also says earnings will be awful with $25 billion in bad mortgages and toxic loans they need to write off."

My opinion: Buffett throws in 5billion to Bac....everybody knows this stock is undervalues at the moment ..(closed at 6.46ish tofay) I see lower 7's very very soon. easy gains ;)