Previous Post
Next Post

Bank of America Corporation (BAC) Buying Merrill Lynch & Co., Inc. (MER) For $29, World Not Over…Yet

Posted by Timothy Sykes on Sun 14th of Sep, 2008 09:36:04 PM
  Tags:

As the WSJ is reporting HERE…this is an aweome deal for BAC–they get massive customers and prestige galore at a discount price…like finding an amazing deal at Century 21. And, of course, a smack in Merrill’s arrogant face, they needed rescuing, like the lil bitches they are.

See all the deal updates HERE. Dealbreaker, by way of hard work Carney, also has more great updates HERE.

As for Merrill, this is necessary to avoid becoming the next Bear/Lehman.

As for this joke an industry, just the latest surprise development that proves these guys should not be looked up to, they should be laughed at, looked after and spit on. (Damn, it feels dumb to be a banker)

Spread This Post:
  • Digg
  • del.icio.us
  • Facebook
  • Google Bookmarks
  • MySpace
  • StumbleUpon
  • Technorati
  • TwitThis
  • Yahoo! Buzz

TIMstore Monthly DVD Specials:

See all TIM DVD specials HERE

Related Reading

Previous Post
Next Post
  • Jason
    Website is looking nice TIM, congratulations on all your success...What is the TIM RAW DVD gonna consist of?
  • younggunz
    New site looks nice. Will take some time to get used to.
  • Michele
    BAC should've waited another week. They could've gotten MER at a much cheaper price. Merrill Lynch has some toxic stuff on their balance sheet. BAC is a good short candidate now. Oppenheimer's Whitney now comes out and says the financials will all tank BIG the next few days.
  • it doesnt martter for us pennysotckers but its fu n tos ee LEH just filed for bankrupcty:

    http://www.marketwatch.com/news/story/lehman-go...
  • chatoq
  • direhack
    Ebay link <-- good one!!

    Hey Tim, no TIMAlerts tonight?
  • leo00o83
    Thank god I didn't buy LEH.

    Question is, how in the world could BOA afford MER if they already bought CFC and all its bottomless pit full of debt. Also interesting how MER were all too quick to deny on CNBC allegations that there was no "hurrying" to sell themselves.

    Oh and AWESOME site upgrade timmay, looks sharp and smooth.
  • younggunz
    One thing you can change Pallian is make the bar where the poster's name is a little darker so we can see a break between posts better. Should be a quick and painless tweak. The submit button is the same. If I'm not look at my screen at the perfect angle it blends with the background.
  • AP
    New website is 1000% better... the old website gave me a headache. two thumbs up.
  • Financials bouncing back strong from there gap down this morning lots of gap day trading opportunities here :)
  • lmsmith
    Nice website----

    I love sitting on the sidelines and watching this chaos--- Shorts got screwed on MER, and longs got screwed on LEH respectively-- this market never seize to amaze me...... got to love it...
  • Nick E.
    Hey Tim,

    Pardon my dumb question but do you know why MER is not trading at or even near its buyout price ($29/share)? Is it because they still have undisclosed debt or what? Thanks!
  • stock acquisiton,
    BAC is down, others dont think deal will go through
  • Nick. E
    Thanks, Tim!
  • Drew
    This is awful
blog comments powered by Disqus




Start Here

Who Is Timothy Sykes And Why Should I Care?

See Tim's full bio HERE. Tim turned a few thousand dollars into a few million by taking small gains time after time on hundreds of volatile penny stocks, discovering that his trading strategy, while consistently successful, works best for those with smaller accounts.

Determined to teach others this PennyStocking trading strategy (learn more HERE), he went back to his original $12,415 roots (already $58,000+ even though the stock market has crashed) to show everyone how to turn thousands into millions, even while having a life (somewhat) and making plenty of mistakes. Currently he is the #1 ranked trader out of 25,000+ on Covestor)

How Can I Consistently Make Money In The Stock Market?

Hard work, Determination and Know How.

Hard work to learn how the greatly misunderstood niche of penny stocks provides opportunities every now and then on which you should pounce.

Determination to seek those probable profits out and know how in order to actually profit from them.

Long story short, wait for stocks that are extremely volatile - for whatever reason - and then aim to take small profits (between 10 and 50% within a few hours, days or weeks) here and there, either from betting on higher or lower prices (yes, you can make $ betting on lower prices, it's called Shortstocking (learn more HERE).

Why Penny Stocks?

As Tim explains in several ALL-NEW instructional DVDs (see them HERE) and in over 2000+ blog posts, penny stocks are the most hyped and corrupt niche in the entire investment world. These two qualities make them the easiest to profit from (legally) because the vast majority of people who play penny stocks are suckers and all-around ignorant people. If you have any intelligence whatsoever, you have a clear advantage and it's like playing basketball against mental midgets.

Where Do You Find Stocks To Trade?

This is the #1 FAQ (see more HERE) and it is answered in THIS instructional DVD.

Of course, that's just a brief introduction - to receive a full education, there is Tim's book An American Hedge Fund which is the story of his remarkable rise and lessons learned.

To truly increase your odds at profit, Tim has designed an entire set of detailed instructional DVDs, covering all the variables that amount to over 24 hours of instruction (see them all HERE)!

TIM Trades

View All
Date Stock Buy Sell Net
Nov 6 QXM $4.31 $4.80 $1936
Nov 4 COT $8.66 $8.88 $642
Nov 4 QXM $4.61 $4.89 $822
Oct 30 DDRX $25.70 $26.53 $812
Oct 29 CTDC $4.00 $4.42 $781
Oct 26 AWSL $3.24 $4.10 $2516
Oct 23 RODM $5.27 $5.23 $301
Oct 22 AMLM $2.69 $2.97 $820
Oct 22 USEG $6.12 $6.09 $85
Oct 20 CBOU $8.93 $9.06 $243
Oct 16 VRMLQ $16.79 $18.65 $2773
Oct 13 YONG $11.05 $11.66 $1202
Oct 13 NPHC $0.59 $0.71 $583
Oct 12 IMGG $0.60 $0.70 $682
Oct 9 ZAGG $5.50 $6.10 $2380
Oct 7 GVBP $0.03 $0.27 $702
Oct 1 NPHC $0.70 $0.85 $1482

Total: $92,304 (644%)