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The powers that be will take it just below $9 to do the most damage in the options.
What do you say that, give me a good reason why this stock finally goes to double digits tomorrow?
Will stay somewhere between the $9 to $10 range over the next month until the next earnings report on april 19. If it is another positive one, expect the stock to move to $11 plus.
The powers that be might no care if it takes off. It depends where the balance of power rests. There might be alot of institutions jumping in and alot of hedgers relaxing their grip. But logically, expect a profit taking, option based pullback tomorrow and BAC will close at 8.88.But watch out over the next few weeks and months. We may very well see 13.00 or 14.00 by summer's end.