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Akamai Technologies, Inc. Message Board

rosebowl 1 post  |  Last Activity: Jan 21, 2016 12:30 PM Member since: Jan 28, 2012
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    BAC down?

    by ralph_j82 Jan 21, 2016 11:58 AM rosebowl Jan 21, 2016 12:30 PM Flag

    Some hedge funds had made up their mind to liquidate their bank positions -- BAC seemingly in particular -- for the fear of oil loan defaults.
    They've been selling in droves, hitting all bids.
    BAC will retrace toward $18 once their liquidations are done.
    Mortals can't tell how much they still have left to sell, so any day can be a bottom day.
    Hold your positions if you don't need the money for food.
    BAC is solid if you check their latestt numbers and guidance.

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