Bank of America is the hottest ticker on StockTwits as the SEC charges the bank with fraud, only to negotiate a $33 million settlement MINUTES later. This may be the fastest resolution to financial impropriety I’ve ever seen, and it makes me wonder: how can I get paid $33 million to ignore $5.8 billion in…
Here are the tickers making noise on StockTwits. Apple looks ready to plunge into the abyss. If you’re a regular reader of Smoking Securities, you know I think AAPL is a dog. $27 cash is great, but using using a low estimate of 4.66 EPS next year, a 10 PE makes this a $74 stock….
Bank of America (a.k.a. Countrywide Lynch) “surprised” the Street, and cratered to a new low. This chart has been screaming sell for months, and unless you have a short investment time frame, stay away from this monstrosity. The market is putting in a helluva rally at the time of this post. Volatility remains high, so…