Wait and see.
Crummy volume considering it is an up day.
Hang onto your seat folks. We are probably going to get the (1) dividend (2) DOJ settlement and (3) earnings announcements all in the next two weeks.
Now how boreing is this ?
Call option bets being made on BAC dividend approval
premiums going way up today
No action until important changes made.
I have a good feling
BAC needs to BK Countrywide
This is the week good news starts
Only a few days before good news starts
Whish of these 3 issues will come first:
1. Release of Q2 earnbibgs.
2. Resolution of the DOJ lawsuit.
2. Word on the 20 cent dividend.
Inquiring minds want to know.
BAC stock will be @ $19.00 by the end of July 2014..
I certainly could be. I am predicting it will end the year at $21-22 but it could reach $19 in the near term on very good news.