FINSwire Nov 18 2009

John Paulson Thinks BofA Will Skyrocket

FINSwire Team

John Paulson of Paulson & Co. is betting long on BofA. Even though Steve Cohen of SAC Capitalsold most of its shares, Paulson thinks BofA's stock is set to almost double over the next two years, from $16.21 today to $29.81 by December 2011.

Will the bank rebound like Paulson expects, or will his penchant for betting against the grain fail him this time?


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