Bank of America Corporation Message Board
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$16 today .... $15 tomorrow if the
unemployment number is not up to par.
Even if it is strong, this over-bought market could still fall because people could start worrying about Fed's raising the rate.
I am not a holder at these levels.-
Uh no. Better cover homes.
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What a NIT WIT!!!!!!!!!!!!
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WRONG FOOL!
- 1 Reply to TheBigNastyOne
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BAC will trade below 17.
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BAC would be in trouble, again, if the unemployment rate rises above 10% by the end of this year.
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The bottom line is that Jim Cramer's hedge fund friends have already cashed out. The bag would be too heavy for retail investors to hold.
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This recent run-up is for, in my view, MMs to unload 1+ billion shares accumulated during the BAC new share issuance and preferred to common conversion arbitrage trades.
Once the unloading is done, nobody will support this stock, definitely not retail investors. -
P/E of 27, this stock is priced for perfection assuming everything is behind us. Relentless runup for months. The slightest blip and it could fall hard as the P/E readjusts and the major profit-taking begins by hedgies and mutual funds that want to lock in some of the big profits.
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If you are a true buyer, not a hedge fund pumper, then I think that your should be careful.
I always wonder why the government is forcing out most directors on the BAC board: maybe a take-over is planned if the unemployment rate stays high. -
If it goes as low as $16 you can bet on this thing going right back up... More buyers are chomping at the bit to get in at a decent price.
I'm a buyer at 16. -
agreeeed.
- 2 Replies to attilaguila
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In this last run up this is the first time I have seen this low of volume in price dips. Usually you would see 100k orders flipping through as it drops... I only see a little of that happening. and selling -and a little buying- continues.
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One thing is for sure it wants to go down.. but ... not sure if it will..
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