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  • davesmith49@rocketmail.com davesmith49 Apr 3, 2012 2:32 PM Flag

    No one is buying the dip.

    I bought some. I've been waiting all day and my limit wouldn't fill until the Fed minutes. Don't see anything new in there. But it managed to push the market back to trend, which was going to happen anyway. Looks like I can get some more here again. I just buy in stages. You never know where the bottom is.

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    • I also just bought at $9.47.
      The last few times BAC got down to $9.44,
      it moved up.
      So I thought I'd give it a try today.

      • 1 Reply to mtlelectronics
      • davesmith49@rocketmail.com davesmith49 Apr 3, 2012 3:08 PM Flag

        I always buy in at least 3 points. No matter where I think the bottom is, it will fall again. That's the first buy. The second buy almost holds. The third buy usually holds and moves back to the second buy pretty quick. Then I just sit on it for a few days until it tops on a good day. As we approach earnings I expect it to break out of the range and I'll stay long through that process and maybe beyond. For whatever reason it is range-bound now and I may as well make a few bucks in the range. From the price action I know I''m not the only one. The only difference between folks like us and the shorts who sell at the highs is that they insist on acting like idiots every time they try to make 20 cents. The world just has to end the second they go short and you're dam sure going to hear it from them.

 
BAC
17.03-0.19(-1.10%)Jul 2 4:07 PMEDT