A bit of TA...on a 20-30 day chart one could be forgiven for seeing a (very) rough reverse head-n-shoulders formation setting up. Right shoulder appears to be done and all the TA (stoch's and such) are signaling well oversold and beginning to trend to the positive side. So if the Finny's overall can catch some market luvin' then I'd expect to see it reflected in a rise (heh) in BAC pps.
This may be the old double classic pick n roll head fake. Up,down,up or fake the right another fake to the left around the back with a double bounce pass back to the right for a uncontested wipe out of the shorts. IMHO we'll see this afternoon into close. 13+ possible real soon
Cwoolrey: LOL! Well, perhaps...but I doubt we'll see $13 today or this week if the intraday action continues as it has since the ~$12.50, which was just 4 sessions back....right now I'll be happy to see it get to where it was in PM. ;-)
Third day running where the bid starts off getting yanked. Bid now $12.05. It definitely looks like sub-$12 is the target...so I've got an open bid waving in the mid $11.90's since I expect it to break and overshoot...at least initially. Also...C action is back being BAC's "tell."