BoA in Talks to Buy CountryWide Financial

Thursday, January 10, 2008 | 02:38 PM

Ba_cfc

>
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 ruin

After that initial disastrous buy in at $18-20, BoA is doubling up -- at $6 . . .

Thursday, January 10, 2008 | 02:38 PM | Permalink | Comments (83) | TrackBack (0)
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Comments

All BofA does is buy companies. Why stop now?

Posted by: Mike M | Jan 10, 2008 2:43:55 PM

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