Getting Crushed…
So I finally liquidated my position out of EMKR a few months ago and decided I needed a financial. Bought into Bank of America (BAC) at $49.90. Well, you know what happened after that.
So this morning, I’m down 10% and counting so I figure it’s time to double down. I bought more at $44.90.
Well, you know what happened after that. Went down another 1.5% today.
Through all the subprime mess, the credit crunch and rising commodities prices, I’m still hanging in there. BAC isn’t going anywhere anytime soon. I’m long on BAC and I think it’s a great financial company to be in. Citigroup (C) seems to be having far greater troubles.
It’s going to be a bumpy ride. Hopefully when it’s over, we’ll be richer than when we started! 
At least I know how to make money. When it comes to love, things just don’t work out. 