BREAKING NEWS: OOPS..

I was wondering, since Mdm. Ho Ching has stepped down, couldn't she just clear leave like every other employee in the country (isn't that what we do after tendering our resignation)? Rather than make half-crocked decisions to "Buy high and sell low"?

According to the NEW YORK TIMES:

Analysts at Goldman raised BofA from neutral to buy and added the company to their so-called conviction list of recommended stocks. Analysts at Citigroup kept a buy rating on the shares, but had positive things to say about the integration of BofA and Countrywide, the troubled mortgage lender it recently bought, as well as its capital-raising plans.BofA is using “at-the-market” stock sales to raise a large part of its additional capital cushion. That means the shares are quietly dribbling out in unknown quantities. Reading the tea leaves — and watching the volume of BofA stock trades — analysts at Citi, led by Keith Horowitz, estimate it has already raised $3 billion to $4 billion from selling new stock.

But Temasek, the investment arm of Singapore, could be feeling a bit of seller’s remorse. The fund recently reported selling its entire stake in BofA — at an enormous loss, by all accounts — some time before March 31. Since then, BofA’s stock is up about 74 percent.

OOPS..

Click the title or here for the full NYT article.