. . .but it’s expensive entertainment.
We purchased 106 shares of Bank of America stock (symbol: BAC) on January 7 for $14/share. It is currently worth about 1/2 of what we paid for it. Opps. Apparently, the drop in share price is the response to Bank of America seeking additional government aid to absorb credit losses at Merrill Lynch, which they bought on January 1.
We didn’t expect the stock to go up immediately, but we also didn’t expect it to plummet either. We will wait and watch.