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Bank of America Corporation Message Board

highlowsel 855 posts  |  Last Activity: 9 hours ago Member since: Feb 26, 1998
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  • Reply to

    Now it gets interesting

    by highlowsel 17 hours ago
    highlowsel highlowsel 9 hours ago Flag

    Okay....into the final 10 minutes....bid at $6.27....not doing too badly considering the overall market reaction to the Fed's thoughts and such. Still holding north of that downtrend line. Not great considering how the day started...but not too shabby when juxtaposed against the rest of the market.....let's see how it continues for the remainder of the week.

  • highlowsel highlowsel 9 hours ago Flag

    Housing can't, won't, rebound. A couple reasons why. That generational cohort that's now entering their prime nesting years. That generational cohort hands down BIGGER than the Boomer, the Millennials, is loaded down in debt. And they make less, on average, than their parents. Indeed all the data indicates wages and salaries are back at mid 1980's levels. So try carrying their debt load, student and otherwise, make that kind of wage and be having to live in today's high cost economy. It's no wonder things are the way they are (for them).

    That's reason one. Here's reason two. Juxtapose the Millennial's dilemma against the problems of the other end of the generational spectrum, the Boomers. As a cohort they've saved "gots" for retirement. As a cohort they've lived as if they were going to be young forever. Any savings they've got is tied up in over-priced (in Millennials eyes) real estate. They're going nowhere fast and what retirement they think they've got is eroding...rapidly. Prices can only fall further as upside is....imo....very limited...

    Put both those two aspects together, tie them together with the bow of an increasingly Oligarchic political system and....well....it's not apocalyptic exactly but...I don't really see anything that's particularly pleasing to the eye....

    Bid $15.23....I suspect we'll see a test of that ~$15 double bottom tomorrow....at this rate...

  • highlowsel highlowsel 9 hours ago Flag

    Huck: My thoughts? We're caught in the same trap the Japanese have been mired in since the 1990's. It's an American variant of the trap, but it's a (deflationary) trap all the same. Kind'a poetic, too, if'n you can recall those days. Back when we were poo pooing the Japanese and chest thumping the benefits of our system in a kind'a sort'a "why can't you just do it like us" spiel. Back when we were basically laughing at them and their struggle. Well....nobodies laughing now, eh?

    Bid $15.24.

  • highlowsel highlowsel 10 hours ago Flag

    Huck: Here's the knee-slapper for me. Everyone has been chatting up how good interest rate rises should be for the sector. Oh they've been all a gabble over it. So...and this is from the first sentence in a NY Times commentary just now....

    "In its most upbeat economic assessment since the recession, the Federal Reserve cited “solid” economic growth and “strong” job growth in a statement issued Wednesday that suggested the Fed remains on course to raise its benchmark interest rate as soon as June."

    So what happens? THUD. Bid at $15.28, and it remains under all the usual sell side pressure. What am I missing in this? Oh....I get it.....it won't happen until, at earliest...June? So it's a case of glass half empty? In other words....plenty of time for more mischief from Master. Da Pooch better hunker down....gonna be a loooong half year ahead....

  • highlowsel highlowsel 10 hours ago Flag

    Hey...it's all up from here?!? ;-) Seriously....hard to say, or even guesstimate, what's going to happen next....this thing is waaaay out of normal processes and controls. Then again...you could say the same thing about dam near the entire market....

  • Reply to

    Intraday churn channel is...

    by highlowsel 12 hours ago
    highlowsel highlowsel 10 hours ago Flag

    That got hit obviously. I grabbed a chunk at ~.31....bid now .40. I will NOT be holding it long...this equity is acting even stranger than normal....I'm even more inclined to take "bird in hand" profits now than before....something just doesn't feel right....

  • Reply to

    Intraday churn channel is...

    by highlowsel 12 hours ago
    highlowsel highlowsel 11 hours ago Flag

    What was THAT!? Bid floats to $15.51, I turn away for....I swear....30 seconds..turn back and....bid $15.37!? Chart looks like Poochie took a smack down? Okay...fess up.....sumbody said sumthin' to alarm didn't they...?

  • $15.39 to $15.41. Very tight channel...even for BAC....wonder which way Master is gonna take the Pooch once he starts to resolve it? My WAG? YANK! But that's just a guess....let's see how it plays...

  • highlowsel highlowsel 12 hours ago Flag

    Yah....CNBC has him on. He's banging his drum and talking his book. No surprise in any of that....but really...anyone else a bit uneasy by all the enthusiasm being uniformly expressed? The contrarian in me says to keep a watch over your shoulder....all these folks so glowingly positive.....whenever that community all is moo'ing the same tune at the same time.....well....sounds like it's branding time for that side for which they're moo'ing?

    Just sayin'...

  • More interesting stuff....check the May 15, 2015 $7 Calls volume. Current running +10K. That's....interesting for MNKD. Looks like some folks are expecting it to be north of that line by then? Seems fair since by that time we'll know conclusively one way or the other as to earnings merits discussed, pontificated on and bandied about from both the rah rah and bah bah camps.

    Volume heavy today for this equity. Current bid $6.41.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 13 hours ago Flag

    Scooby: Vol is below average for this equity. There aren't really a "ton" of sellers, just the sell side tactical game being expressed....and fairly easily, too, given the buy side demand ain't all that robust. All I'm seeing is constant churn. And churn is easy when an equity has +10 BILLION shares outstanding....so...how to effect this churn? Well..you want to change it? You want to see the true buy/sell demand and not volume that's primarily the reflection of churn? Tell the exchanges to eliminate the transactional kick-backs they give to the players. In effect they subsidize the players action....so until they eliminate their practice such large float instruments as BAC are gonna be darlings....

    Just some thoughts while watching the churn. Bid now $15.39.

  • Reply to

    Now it gets interesting

    by highlowsel 17 hours ago
    highlowsel highlowsel 13 hours ago Flag

    Just an observation, but from my point of view kind'a interesting. Bid started session north of $6.60 and proceeded to be walked down to that aforementioned downtrend line. It has since bounced off it and now sits at $6.40. Related to this....the bid walk-down basically closed the opening upside gap. Hmmmm.....so.....granted TA is an art in the eye of the beholder but for me this says the downtrend line is broken and is now support. Errrr....all else being equal of course. As such we're now looking at the beginnings of a probable uptrend being established. By the by....that downtrend line looks to end the day at about $6.23....so....all of this is the set-up I'm watching. Disclosure, I am currently long this equity.

    Highlow
    American Net'Zen

    Sentiment: Buy

  • highlowsel highlowsel 13 hours ago Flag

    Kevin: I get the angst...but really...there's only ONE announcement out of management that matters.

    "We sold $X Beegillion in the recent quarter...."

    At this point it is ALL about the money. Indeed, ain't that why we're all here? Well....it's getting close (er) to the time where management should be able to talk specifically to it...no more guesstimates by the analytical set. No more rah rah bah bah by the interested onlookers. It's allllll about the money....and some are getting twitchy waiting on management showing what they got...it is what it is....

    Just sayin'...

    Highlow
    American Net'Zen

  • Reply to

    What is driving BAC down this am

    by hucktwain 15 hours ago
    highlowsel highlowsel 13 hours ago Flag

    Huck: My theory, and it's just a theory, is it's ETF related. ETF's dominate the market. And people trade them like they're equities....without seeming to understand that they are not. So, to the extent BAC is a member of an ETF....like...XLF....and to the extent that ETF gets roiled on the intraday....well...the reverberations will be seen in the participants (in the ETF). Pull up (a chart of) XLF, for instance. Check it, then check the charts of other sector participants. You very well might see a correlation there....all just a WAG, of course.

  • Reply to

    How much more oversold can BAC get?

    by sam.payson 14 hours ago
    highlowsel highlowsel 13 hours ago Flag

    Bac: For now the sell side tactical game is back in effect. This is apparent from the nature of the action so far on the intraday. Action which is basically to keep pressure on the bid while showing large on the ask as a cap. Bid just got hammered from ~.42 to ~.37 in the time it took for me to write this so clearly there have been no changes in the overall dynamic. The saving grace, if you want to consider it one, is the volume is light so far today. Light for BAC, which still means plenty of room to churn and burn this according to the tactical dictates of the machines doing it.....and they are certainly doing it...

    From my point of view we've watched the drop from ~#18.20 to a bit less than $15, a subsequent bounce and now the trend is back down to test that bottom in double-bottom style. It's setting up to test a double bottom in classic fashion...including the decline on volume. The question is....which way will the test resolve itself? I'd like to think it'll be in favor of the buy side but...that's just a WAG....we'll have to see what Master actually does...

    Bid $15.37 and getting slapped silly...

  • Reply to

    All I need is to hit 15.76

    by dunawaykenneth 16 hours ago
    highlowsel highlowsel 14 hours ago Flag

    Dunaway: Nice. Can't quibble with 12%. I'd take it, too. These days it's clearly all about trading. Equally clear is this equity is going nowhere fast. Neither into the cellar or to the moon. To the extent it's a reflection of sentiment in general about the sector this equity is not loved.....errrrr.....excepting amongst those who're churning the float to high heaven. In that regard this is their darling...

    Bid $15.41. Did I mention churn? ;-)

  • Reply to

    All I need is to hit 15.76

    by dunawaykenneth 16 hours ago
    highlowsel highlowsel 14 hours ago Flag

    Bid $15.38. Clearly it ain't gonna get there today, eh?

  • Reply to

    All I need is to hit 15.76

    by dunawaykenneth 16 hours ago
    highlowsel highlowsel 16 hours ago Flag

    Sure it'll get hit. The $64 question is...when? What day? Heh! I jest...but remember....if BAC was an oil tanker it'd be a heavily loaded one. It's going nowhere fast....

    PM bid going into open....$15.67.

  • Reply to

    Now it gets interesting

    by highlowsel 17 hours ago
    highlowsel highlowsel 16 hours ago Flag

    Right: "....means nothing unless you post your buys in real time." LOL! True enough. My comment is harmless. Just passing time in semi-conversation. I care less what you or others may think. I just toss it out there for consideration. I always let market actions determine the efficacy of any statements. ;-) Let's see how it plays out. Note I got a small, additional PM bid hit just now at $6.45. Bid now $6.55. I consider anything up thru ~$6.50 area as "gift" material.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 16 hours ago Flag

    Not that I don't agree but remember something....the Forbes article was basically an interview of someone who appears to be talking his book. It's always a good idea to consider the source when reviewing such as that....even if you think he's correct. ;-)

    Meanwhile MNKD bid is....$6.61. Let's see how it plays today...

    Highlow
    American Net'Zen

BAC
15.20-0.43(-2.75%)Jan 28 4:00 PMEST

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