JPM's numbers aren't going to be extreme blowout and the market comes back down tomorrow imo.
I'll cover at 13 or lower tomorrow.
Good trading to all!
With the 11,831,000 purchase at 13:42 at 16:00:45 looks like someone with some cash is betting different. The 20Day Moving average just crossed over the 200Day Moving average which is a VERY bullish sign. I would suggest having your finger on the COVER button over the next few days! Just so you know... I have been shorting and buying at the bottom since May so I don't care which direction it goes.
Why in the world would I cover my position right now? Please tell us all why someone should jump in right now and purchase BAC; how much new money is jumping in here?
Gheesh, if someone takes profits and "misses" an extra 2-3% after a 10%+ profit gain you jump on them and if someone is down a measly 1/2% you jump on them.
You are seriously messed up dude. Do you realize how much money I have made while you have been holding this for over 2 months?
Why do people short here. Market sentiment is up, up, up. Analysts see S&P hitting 1000 by Fall. Heading into a positive earnings period. Bank and Tech are going to rally the Dow up to the next leg.
You got a much higher chance of making cash buying at 13.47 and selling at 14.00.
Bac will continue to grow till earnings.
Tonight's earnings of JPM, GOOG, IBM is going to push the DOW up another 100+ points tomorrow.
Are people really this stupid?