Maaybe. On a 20 day 30m chart there appears to be a reverse head-n-shoulders forming. If true I'd expect a pivot of the bid sending it to the $11.80 area. Not necessarily on Monday, but perhaps sometime later this week. Regardless, the downside percentages appear to be a lot less than the upside ones.
Thank you from all of us in my office for the most awesome post of the day! Political posters are pathetic and more than likely don't have a date for tonight!!!......my sextratery asked me to post this! :o) BTW have an awesome weekend!!! Thanks again for your post!!!!
I agree. I cannot understand why this fool spends his hours posting these bizarre political rants on a financial message board for a bank. The only thing I can think of is the troll was foreclosed on by B of A and this is his therapy for dealing with it (though in reality he probably lives on a couch in Mammas basement). Why cant Yahoo permanently ban this miserable human being?
I think the political posters are mostly paid by hedge funds and the goal is to get retail money disinterested in a stock they are shorting. Just my opinion - I can have strong opinions myself, but I don't think those posters are for real.
Maybe someone can tell me why people believe housing is an investment. A home is a place to keep a person warm in the winter, dry when it rains. That's it. If a person buys a car it immediately drops in value and if payments stop, they come and take it. Everything a person buys drops in value - TVs, computers, printers, clothes to name a few, everthing Homes should never go up in value, because the older it gets, the more money a person has to put into it to make it liveable. Water heaters have lives, so do roofs, paint, windows, garage door & springs, carpeting, plumbing, electrical, appliances, you name it, it will need to be replaced at some time or other. There was a time when a person depended on a home for retirement. That's not true today. So therefore "WHY"???