Bank of America (BAC) is reportedly in advanced talks to by Countrywide Financial (CFC).
This is in direct contradiction to Dennis Gartman‘s #1 rule of trading:
1. Never, Ever, Ever, Under Any Circumstance, Add to
a Losing Position… not ever, not never! Adding to losing positions is
trading’s carcinogen; it is trading’s driving while intoxicated. It will lead to
After that initial disastrous buy in at $18-20, BoA is doubling up — at $6 . . .
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.