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Bank of America Corporation Message Board

highlowsel 736 posts  |  Last Activity: Apr 24, 2015 3:51 PM Member since: Feb 26, 1998
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  • highlowsel highlowsel Apr 24, 2015 3:51 PM Flag

    But...but...all the talking heads and chattering classes of the media are saying "New HIGHS this...new HIGHS that..." and all the rest. It appears money is pouring to certain (tech/bio) plays chasing valuations sky high....actually....kiting valuations might be a better way to state it. There are very few attractively valued equities at this point....yet the money keeps pouring into every market orifice except the finny's. Guess that says somethin', eh? Negative rates and such are insuring all of it.....In any case my thesis at this point is to start setting up short strategic plays more than long sided ones....these kited valuations cannot last for long.....

    Bid $15.65...

  • Reply to

    Bid $15.65

    by highlowsel Apr 24, 2015 10:14 AM
    highlowsel highlowsel Apr 24, 2015 11:35 AM Flag

    Jap: Nope...I use TDA on occasion....they've a nice platform for the most part....though I tend to go with my Bloombeg terminal for a fair amount of day to day.....I have noticed that the commercial portals do tend to get.....squirrelly about fills between the spread.....it might be a function of todays world of HFT's....the machines tend to dominate that sort of action...

  • Reply to

    Bid $15.65

    by highlowsel Apr 24, 2015 10:14 AM
    highlowsel highlowsel Apr 24, 2015 10:55 AM Flag

    Bid $15.63 and weak per the usual sell side tactical chug and churn against it. Waiting for yet another visit south of .60 before deciding whether it's worth, here on a Friday, an entry or better to just stand pat and continue to wait....

  • highlowsel by highlowsel Apr 24, 2015 10:14 AM Flag

    Master yanking da Pooch right back to that resistance (support?) line. It's Friday....guess he/she has nothing else better to do so....YANK!? Right now the market is toying with a ~50% retracement off the low/highs of the recent session...that being ~$15.45/~$15.82ish.....hard to see much more downside here so I might grab a trading chunk here....but have I ever mentioned chug and churn? ;-)

    Highlow
    American Net'Zen

  • highlowsel highlowsel Apr 24, 2015 9:42 AM Flag

    And they don't dare fight, perhaps, because.....gasp....that could possibly lead to the culpability of certain individuals in management? And that would mean focused prosecution on....them? Why...we can't have that now can we?

    I'm not saying this is the general rule with BAC....but what else to think, in a broad sense, how little of their ilk actually get hauled away to the pokey.....hauled away for actions that would slam you and/or me into a very dark hole for a very long time?

    So it goes I suppose....file it under RHIP (Rank Has Its Privileges).

    Highlow
    American Net'Zen

  • Reply to

    Is It Going to Fly Today

    by tradelogic2001 Apr 24, 2015 7:52 AM
    highlowsel highlowsel Apr 24, 2015 9:29 AM Flag

    Currently setting up to open in the $1.28 range. So maybe...but it depends on what you define as "fly." Me...I bought back in yet another trade on the low end exploration south of $1.10 A couple of sessions back...so for me the bid is flying already...but disclosure...it's a trade I'll be looking to close out...just watching and waiting on the set-up is all...

    Let's see how it plays today..

    Highlow
    American Net'Zen

  • highlowsel highlowsel Apr 24, 2015 9:05 AM Flag

    Don't get me going on this...but I will (heh).....I don't know why this is so surprising....in this era of the preening "star" executives in the corporate sector (and my do they love to preen) is itany wonder it's all about them and less about the owners of the companies they manage? Overall they seem to have forgotten it's the owners, the shareholders (albeit indirectly in most cases) that hired them to do their j.o.b.. Not in all instances, mind you...but in more than a few....the whole focus is on them and what THEY gain from any decisions (or lack thereof)....all aided and abetted by the business media sycophants and such...

    Okay..I'll stop the rant now....PM bid $15.70...

    Highlow
    American Net'Zen

  • Just now they're yaking it up about this. Hmmmmm......?

  • Reply to

    Nice intraday pattern so far...

    by highlowsel Apr 23, 2015 12:51 PM
    highlowsel highlowsel Apr 23, 2015 3:15 PM Flag

    Codi: HA! And not necessarily an incorrect view.

    I never presume Lucy to have my best interests at heart. And to the extent she would even deem to recognize my wee existence I say that's as it should be. The market is a cold-hearted, seemingly callous game (a beast when you're on the receiving end of a bad set-up)....but really....it's just a game the prime motivation of which is getting profits from the monies you lay down. By that description is see it akin to, not any different from...poker...black jack, etc.. I don't get cranky with the cards, or the dealer, when it's not going my way...so why bother on the useless emotion of getting jacked up over what happens to you in this game? We're all adults playing it....so man up...or woman up....suck it up and deal with it when you need to.....and enjoy the gleeful rolling around in the profits when you get 'em....

    Just some thoughts....meanwhile bid $29.63...It may settle back a bit here but I'll consider it a plus if it can stay north of $29.50 into close. Oh....and speaking (earlier) of that reverse HnS on the intraday....well....check the 5 day chart....between yesterday and todays session it looks like the same thing is setting up...again....and the stoch's are in oversold territory and about to turn...so this might be the set-up for tomorrow...in other words north of $30? Let's see how it goes..

    Highlow
    American Net'Zen

  • Reply to

    Nice intraday pattern so far...

    by highlowsel Apr 23, 2015 12:51 PM
    highlowsel highlowsel Apr 23, 2015 2:31 PM Flag

    Cody:

    Don't know about those options......since the action looks to be the buying of 'em I'd say dying a horrible death may not be the intent? All just a WAG of course.

    As for the why behind this upside push....hmmmm....I dunno....you can never, really and truly, know the reason behind any movement in an equity but as for pondering the 2nd half of the year....if you buy the argument that the pps is well oversold on less than stellar market logic then it's safe to presume the second half, from these "depressed" levels, should be higher....indeed I've drawn two downtrend lines off the mid-Dec ~$36.50 line...one with a second touch at~$32.25 and the other line with its second touch at ~$35.00. (Just charting two lines based on bounce back highs before the bid rolled over). The FIRST line is being broken based on yesterday and today....the second line, though, sits at ~$31.70....so....allowing for TA being more art than science...and also allowing that the bid stays north of the first downtrend line....I think the set-up is the bid going in magnet-like fashion to that second line. Not today...not even tomorrow...but, maaaybe...in the next couple of weeks so long as nothing occurs to the company or the overall markets to alter the dynamic. And remember...that second downtrend line isn't static....it's still moving downwards with every day.....so it's a moving magnet...it's coming down while the bid is moving up....they'll meet somewhere in the middle valuation-wise?

    Just my 2pennies worth...oh...disclosure...I closed out an open MU trade at the $29.74 area as it's a bird-n-hand trade and the intraday signals scream over-bought.... Bid now $29.67....

    Highlow
    American Net'Zen

  • Reply to

    Mischief continues apace

    by highlowsel Apr 23, 2015 9:35 AM
    highlowsel highlowsel Apr 23, 2015 2:19 PM Flag

    Well I turn away for a time to focus on other equities and....look'it THAT! Bid $105.64!?! Hmmmm...looks like I wuz wrong on the sub $104....but what the heck....I'll take the advance.....

    Bid $105.69...

  • On the intraday there's an almost classic reverse HnS with the bid now springing off that right shoulder...bid $29.41....overbought here so it might p/b a bit...but then again...those June 19 $30 Calls, like yesterday, are again showing fairly large (for MU) volume...and the open Int has increased which kind'a sort'a suggests buying....let's see how it closes...

    Highlow
    American Net'Zen

  • Reply to

    Mischief continues apace

    by highlowsel Apr 23, 2015 9:35 AM
    highlowsel highlowsel Apr 23, 2015 12:15 PM Flag

    LOL! Sorry..I forget sometimes that most don't actually trade (for a living). ;-)

  • Reply to

    Did Master....?

    by highlowsel Apr 23, 2015 11:39 AM
    highlowsel highlowsel Apr 23, 2015 12:14 PM Flag

    Yah...seems more a market-wise thing....almost everything I'm playing or tracking surged at the same time. To me it's indicative, and instructive, of how much the machines are running and controlling things according to their dictates....half the time (these days) I find myself thinking..."Now WHERE did THAT come from??" But that's just the way the game is played these days (by our Skynet Overlords - heh)....

  • Reply to

    Wake Up Boys & Girls

    by tradelogic2001 Apr 23, 2015 7:18 AM
    highlowsel highlowsel Apr 23, 2015 11:47 AM Flag

    Been doing that with the churn from sub $1.10 to ~$1.50.... I see no reason to alter the tactic...for now. ;-)

    G/L

  • highlowsel by highlowsel Apr 23, 2015 11:39 AM Flag

    Did he/she nail Poochies tail to the ~$15.70 line? Welll....at least it's staying (for now) north of $15.65...which might mean that resistance line is transforming into support?

    Bid $15.71.

    Highlow
    American Net'Zen

  • highlowsel highlowsel Apr 23, 2015 11:37 AM Flag

    An ABBV-like reaction, eh? Not sure....but hard to say. Certainly the intraday action the last two sessions isn't one to inspire confidence in a ton more upside....$104 keeps being, for now, the magnet away from which the bid can't seem get....but let's see how it plays into earnings (and afterwards).

  • highlowsel by highlowsel Apr 23, 2015 9:48 AM Flag

    Hmmm......okay...had a nice swing up yesterday, though it did the expected (well...to me it was expected, heh) p/b into close....so here's my consideration for today....pull up a 2 day 2min chart...draw a downtrend line off yesterdays high of ~$29.75 and use at its second touch point the ~$29.65 (this being the top of the first bounce on the first slide from the high). Then draw it thru today's close. You'll notice the bid has stayed under it, and really cratered under it at session open....so....ideally I'd like to see that line be crossed back over before going truly long a intermediate term position....else...for now....the trade would be to go long if it can get north of $29 on volume.....else...play a tactical short game....again...if downside volume confirms....all while keeping an eye on those stoch's, too.

    Let's see how it plays.....bid now $28.97...

    Highlow
    American Net'Zen

  • Reply to

    whats wrong with BAC ???

    by neil616196 Apr 21, 2015 8:01 PM
    highlowsel highlowsel Apr 23, 2015 9:37 AM Flag

    Given all the never ending FUD that swirls around this company I'm surprised you have to ask this question....

    Bid $15.76.

BAC
15.64-0.05(-0.32%)Apr 24 4:01 PMEDT