We may go up on Monday if there is nothing negative over the weekend because monday is mutual fund monday.
I'd rather not wait around to be proven right and missing out on other opportunities. One thing I do know is that this stock can lose 1 years worth of gains in 5-6 days of trading but will never recoup those losses in 5-6 days. I'm betting on the wrong side as I see it.
Been here for 12 months and this is at or just below my starting price. Too many negatives and the biggest one is the promised rate increase that I just don't see happening anytime in the short term future. More legal problems keep bubbling to the surface and this whole market feels wrong.
I doubt with more downward pressure I will remain here any longer. Heck as bloody as oil is at least it doesn't have the Guvment hanging over it suing over and over again and adding endless regulations to stop any chance of it ever being profitable. They call it TBTF.
Lots of Guvment folk want these banks castrated and they are doing a fine job and by not giving rate relief they are castrating with a rusty knife.
Good luck and I hope we get green soon!
Don't mean to be critical but to say there is some cabal of traders keeping this stock in a "trading window" is a bit of a cop out. Earnings or lack thereof ultimately drive value. Imagine for second BAC announcing they will earn $2.00/sh this year vs the current estimate of $1.44/sh. Do you think the "manipulators" would have the power to keep the stock in a "trading window" ? There is a lot of chatter about manipulation and the market being rigged when stocks sell off but never such talk on a bull run -- except from a few misguided permabears.
Moral: There may be a fundamental reason to sell BAC, but don't sell the f--king stock just because you think the shares are in the grips of manipulators.
yeah, rolling the dice a bit here but in a worst case scenario, I'm guessing and hoping it does not fall below the 52-week low.
Maybe the wrong move, maybe not. What I don't like is what I believe to be artificial manipulation of shares by traders sole intent on keeping this stock in a trading window. I'd rather roll the dice at the casino than be at the whim of that nonsense. I don't know where this stock goes from here---but I don't think they will ever let it run up like they ran it down in January. To me, that's investing suicide. All you do is suffer from the penny upticks and watch the dime down ticks.
Looking at the VIX i see a bloody start to Monday. Any negative news over the weekend and oh man look out.
You bought some of my panic selling.
I want to see what next week brings. I bet more blood and guts to be spilled before this is over and we still have those oil companies to report and that is going to be blood and guts and like always BAC follows the trend.
in August, 2014. This is a no-brainer entry level, although a drop into the 14's is still quite possible. I picked up an additional 1K @15.15 today, literally right at the close...partial fills before and after 3:00 . It's only money, and money can't buy you love!
It's been nothing but brutal this month. Not for just BAC, for the entire financial sector. Jp Morgan, Citigroup, all of them got hit horrendously hard.
Well that was a predictable close (for BAC). ~$15.16. Check the volume on the Feb 20 $16 Calls. Interesting. Anyway...week done. Time to call it a day and retreat to the home front. Have a good week-end. Hope the machines are working (better) for ya next week.
I merely posted a fact that was related to his comment. You and little z's various IDs have cornered the market on idiotic complementary threads. Whiner.
This may be my last BOOYA here this thing sucks and the whole damn economy is going with it.
Thanks O and he want to spend and spend and play robin hood. Good for the American people. The dude has lost tough with reality and so has BAC.
DOWN WE GO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!