You have to be the best contrarian investor in history. You went short 11 days ago and BAC is up more than $1 a share, or 8%, since then. I'll watch your posts to find out when you short again so I can load up on calls.
Shorting BAC is very stupid. Even if they close q4 with a 3 B loss, Its 30¢/share (10B shares issued) the book value will remain above 21 $/share.
The loan putback saga is almost over. What next ? Wickyleaks will release that some unethical persons are among BAC upper Mngmt ... BAC will jump up more than 1 $ just after the release!
Cup and handle people, this baby gonna fly to 14.5 in no time. Shorts are toast, seriously. Go see the chart, from nov 3 onwards and learn the chart. We will close above 13.5 today. Enjoyz people :D