LOL, he knows investing. Most people today know trading. When he gets on board, the party is over for the shorts. You can bet he knows this company top to bottom with better analysis than we can dream of. I always buy on fundamentals at the bottom when there is a catalyst to move higher. Many times in the past when I've found a stock I like Buffet will come in later. Buffet beat me in this time. :) The move for BAC has just begun. Mutual fund managers will reallocate from underweight to overweight in the financials. $20 book for $9? No brainer. They need no brainers because most of them don't have brains. If you want to lighten up on the good days, that's cool, just buy more on the dips. Opportunities like this do not occur very often. Don't let the market volatility shake you out, in the long run that means nothing.