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Bank of America help....

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Posted: Nov. 1, 2010 - 12:56 PM ET #1

Was talking with a friend of mine who has no clue about the stock market or investing in general. He does have some $$$ laying around, and wants to buy stock in Bank of America. I told him to be careful, because he has absolutely no idea what he is doing. Any help from the Covers faithful is appreciated.

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Posted: Nov. 2, 2010 - 12:11 AM ET #2

b of a still in trouble with the foreclosure market, personally wouldnt touch with a bargepole

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Posted: Nov. 2, 2010 - 1:59 AM ET #3

Quote Originally Posted by mr_bollox:

b of a still in trouble with the foreclosure market, personally wouldnt touch with a bargepole

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Posted: Nov. 2, 2010 - 12:08 PM ET #4

thanks guys

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Posted: Nov. 2, 2010 - 12:09 PM ET #5

This guy is also trying to get down on citi bank as well. any thoughts?

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Posted: Nov. 2, 2010 - 12:09 PM ET #6

looks to me like citi bank should be avoided right now

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Posted: Nov. 2, 2010 - 12:54 PM ET #7

not avoided, but bought right now. things looking up at citigroup. new ceo looks to be doing an outstanding job so far

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