It is difficult to believe that people attempt to predict the price of BAC in the short term. For instance someone posted a meassage asking how high or low BAC would go in the last hour of trading and someone else wrongly predicted a sell off. I am very happy that Krammer gave a strong buy reccomendation for BAC since I have owned thousands of shares of this stock since 1988 and its price went up so much today after his buy signal. However, it is difficult enough to predict a stock's price over 10 years. It is impossible to predict where a stock will be in six months. However once again I thank Krammer for adding to my well deserved wealth.
yes that cramer does have his way of moving the market but...BAC is an undervalued stock. 4%+ dividend yield and 12 billion share buy back? The P/E is already at 12. Once they recalc EPS after the share buy back this stock will trade into the 70's by 1Q 07.