JPM and C had decent days today. All this needs is a nice 240 point Dow drop and it will drop it under 15. BAC is simply not taking advantage of any of the Dow rises.
and profiting off both sides. Organized crime at it's finest. These guys usually settle in for the last hour where they know there's less volatility and they can move it up and down a penny at will.
Everything is tied to the DOJ suit. Where the stock moves that day is tied to which office is leaking info to their hedge fund pals to trade on. Today it looks like there wasn't much movement in the phone call dialogue between DoJ and BofA. it's organized crime trading, nothing more. Nothing less.
If you invested in January 2011, over 3 1/2 years ago...you are up $0, stock price wise. In that same time frame the DJI is up (and just about EVERY S&P stock) over 5,300 points.
January 2011---Ford 17.72
July 2014--------Ford 17.72
Ford ZERO GAIN
January 2011--Dow 11,800
July 2014-------Dow 17,000
Dow 5,200 POINT GAIN
I'm also frustrated at the all the idiots on this board, including you, that watched 5,200 Dow points gain in 3+ years and not see a penny higher in Ford stock. Try again.
I searched for an hour and found nothing on Fox to corroborate a deal may be pending. Not a shred. I'm not saying she didn't say anything, but news like that would be available.
Bucks the market yesterday on fairly big Dow losses and today can't find even a penny up with a 100 point Dow. Has to be the most frustrating stock on this planet.
and BofA stock has no cushion because it napped while the Dow broke thru 17K. Now you face the problems of world events. See, my Ford stock has been driving higher these past few weeks, so it has a nice cushion for a -250 Dow pullback. BofA will be in the 14's with a pullback.
everyday goes by without a settlement, longs suffer
LOL...you don't know what you're doing. In todays market you try and make money wherever you can. Watching a stock that continues to get hammered because of a lawsuit hanging over your head is idiocy. I'm not saying don't own it ever, just don't own it until you see some semblance of resolution for the lawsuit. Right now you're just watching money disappear rather than waiting on sideline.
Didn't even realize when the stock wasn't making traction as the Dow soared above 17 that maybe if there was a market kickdown it would take BofA farther down. When the wind is at your back, your stock better take advantage. BofA simply failed there. All you are seeing now is what is normal. Dow down 100 and BofA gets socked. This might go up on a settlement, but the heck knows how far the bottom will be when that happens. This is why the stock is no good. Must take advantage of opportunities in the market. Watching your holding slide lower as the Dow rises higher is portfolio poison.
Gotta make hay when there is opportunities. BofA is now at the mercy of the Dow if it continues to drop over the next couple days. longs can spin "Later this year" as much as they want but who knows from what point that will be from. Sub 14? This is why their argument is useless.
and who knows how long that will take before it's sub 14, sub 13 or whatever. This is once again a case of a stock of not making headway with a strong Dow at its back and now getting trashed on todays news plus the dow.