why did BAC went up at all today??

knight2017

I was looking around and stumble across BAC, and it had big rally, in the morning, and  I found it really hard to believe now. Why did it rally at all on repay tarp news.  I admit i dont follow much financials. but it just looks odd for me. BAC is raising more money that certain means share dilutions. In any other time of the market history that would be a bad news for the share. yet somehow we managed to pop a rally out of it. that way i see it, we are pretty much buying indiscriminately without even think about what the real story is behind the market. this is kinda crazy action i'd say is where you can only find at the end of bubble rally.

dara

BAC is buy.
If it does not pay the tarp money, it has to pay $4B interest to government.
now thought it dilutes the shares, but it would save $4B a year.

Even with the diluted shares, its market cap is only $150B.

Considering BAC market cap is like $250B alone before it bought CFC and ML.

Not so Long term BAC has chance to go $30.  say if we could see jobless drop below 8% next year, BAC would be $30.

czm

buy