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Bank of America Corporation Message Board

highlowsel 833 posts  |  Last Activity: 2 hours 7 minutes ago Member since: Feb 26, 1998
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  • Reply to

    CNBC Fear mongers sating Ebolas causing

    by dopey3 2 hours 30 minutes ago
    highlowsel highlowsel 2 hours 7 minutes ago Flag

    Hey....it's the media. They make their money on fear mongering. The whole idea is to spin everyone up and increase the eyeballs watching them. It's media operations 101.

  • Reply to

    Bid $33.69

    by highlowsel 6 hours ago
    highlowsel highlowsel 3 hours ago Flag

    As for DRYS...yah....might be worth a small opening gambit to play a bounce....but it's caught in the general China economy fears downdraft so don't go out on any limbs...

  • Reply to

    Bid $33.69

    by highlowsel 6 hours ago
    highlowsel highlowsel 3 hours ago Flag

    Codi, Mike, et.al.: Yah...ouch indeed. All across the market everything is being pummeled. I've gone in/out on MU a second time on the drop south of .30....bid now .41 and I'm watching to see how Lucy plays it here...I suspect she'll resume the downside clobbering if only because that seems to be the path of least resistance. I say least resistance because the media is engaged in yet another of their usual frenzies over downside market action....that's when they're not hyperventilating over a single Ebola case that's manifested Stateside. The latter makes me wonder what they'd do if Ebola actually became more west-african in its manifestation here. They'd probably all have a collective heart-attack. It is what it is....just another day of unpredictable activities both domestic and abroad....

    Bid trying to bounce at .53

  • Reply to

    Bid $33.69

    by highlowsel 6 hours ago
    highlowsel highlowsel 3 hours ago Flag

    As most longer term MU'sters know when trading I play the +10penny game. So I'd closed my earlier "get" mentioned once the set-up signaled it. Then I sat back and waited. Bid bounced and the has been spiraling back towards that aforementioned uptrend line. I've now watching to open a second tranche g

    It gets kind of interesting here. Off the ~$34.75 high set two sessions back the bid has been walked back ~3%. I believe others have spoken to this being a typical action by the bid post-earnings. At this approx area of $33.60 this line amounts to the top of the upside gap that opened last Friday. So it either will stabilize here or gap-theory will dictate what happens next (heh). I'd like to say I lean towards the former possibility than the latter but with the Dow now once again being yanked down over 230pts, and MU's bid just having been yanked south of $33.50 I suspect MU's bid will be fighting against the tide......for the intermediate period (and who knows what THAT might mean) I suspect the path of least resistance is down...

    Bid now $33.41 and being mercilessly hammered..

  • Reply to

    Bid $33.69

    by highlowsel 6 hours ago
    highlowsel highlowsel 6 hours ago Flag

    Dopey:

    On a +2yr TA chart I've got an old uptrend line I've been monitoring. The start of the line is back when the MU bid was at $5.18. This was in Oct 2012. The second point on that line (used to set the uptrend line in place) is at Jan 2, 2013 when the bid sat at ~$6.60. Draw that line thru to today and you see it sits roughly at the area I mentioned. The bid has stayed north, or touched "and go" from it from Jan 2013 to today. Today the line sits at the aforementioned $33 points (on the intraday). So it's a base-line metric I use as part of a broad collection of trading set-ups. This is all a subjective, TA, interpretation but I view it as a strong support line. I play the trade off it accordingly....

    Hope this helps...

  • highlowsel by highlowsel 6 hours ago Flag

    Interesting action from open. I've kept a very old uptrend line, one that starts back at the ~$5.18 line (yes, that's right) back on Oct 25, 2012. The bid overall has danced around that uptrend line from time to time from then until now. Today, at this writing, it sits at ~$33.55 and looks to end the day at ~$33.65. I'd used it as a set-up metric and had a low-ball "for shytes and giggles" bid in at just below the .50 line. Surprise surprise I see it got hit? Now watching to see if that line holds as support. To my mind there's nothing significant in the opening yankage....with the Dow off (again) 141pts and the Naz down as well the bid is simply following the tide....Let's see how it plays out today.

    Bid now $33.78

    Highlow
    American Net'Zen

  • Reply to

    Welcome to the new BAC

    by fragilebill Aug 21, 2014 10:49 AM
    highlowsel highlowsel Sep 30, 2014 5:03 PM Flag

    Variation: While I agree with the sentiment the odds of BAC pps being at $34 by end of 2015 I rate as a low probability. I'll be happy with it north of $21 by then. That'd be a +21% return from today's pps. I'm not greedy...I'd love that kind of return. ;-) One step at a time, eh?

  • Reply to

    It's Official

    by vincent90157 Sep 30, 2014 2:16 PM
    highlowsel highlowsel Sep 30, 2014 4:56 PM Flag

    Vincent: Oh sure they're still involved, via 401K's and such. Maybe/probably even playing it on an individual basis, too. Where else is their money going to go right now, eh? And if putting your future in the hands of software means doing due diligence involving TA, number crunching of any complexity at all, then you're using software. This is the way the game is played these days.....

    This is not to make light of the dominance of the machines; the HFT's, Algo's and the like because all the indications (from looking at the characteristics of the data - heh) are that the MAJORITY of the volume is driven by them. What's the datum? Something like 75% of volume on the Dow (for instance) is churn? But it's not necessarily the machines that are the problem. And there IS a problem. Basically transaction rebate monies are at the heart of this problem and make volumes a joke of a metric. Machines are adept at churn. The ability to blast thousands of transactions per sec. Juxtapose this against rebate monies paid ON A PER TRANSACTION basis and it's a no brainer recipe for churn. It's a ready source of income for those represented by the machines. Rebates need to be eliminated. But until that happens, and I'm not holding my breath in anticipation, it is what it is....ALL game players must adjust accordingly...and even Ma/Pa are doing this..

    So it goes I suppose.

    Highlow
    American Net'Zen

  • Reply to

    It just can't be too easy...

    by mikeandkay7 Sep 30, 2014 9:50 AM
    highlowsel highlowsel Sep 30, 2014 1:14 PM Flag

    Gopro is just the latest in a never ending cycle of Greed chasing the "flavor of the moment" company, the end result being a mania of illogical action in the equity. Same as with TSLA and all the rest. For a time the stock "punches" above it's weight class. Don't get me wrong these companies make excellent products with at least a modicum of potential (leaving aside the inevitability of competition entering the equation). It's just that earnings in no way justifies the pps.

    That said, if you're lucky to get into a mania driven stock before it's discovered you can have a sweet ride. And even if you discover it EARLY in the context of a mania driven upshot you can make monies. But never chase if you get to the party late. The better course is wait for the inevitable climax and short the....heck (heh)...out of it. What goes up, always comes down.....but as always it's a question of proper timing....

    As for the frustration in trying to compare such a situation with a more "viable" opinion like MU....well...you have to put that aside....the market does what the market does....and ultimately it all works out as it should? ;-)

    MU bid $34.38.

    Highlow
    American Net'Zen

  • Reply to

    Will anyone be surprised if..

    by highlowsel Sep 26, 2014 11:09 AM
    highlowsel highlowsel Sep 26, 2014 4:00 PM Flag

    Nest: Bid closes $17.02 x .03. DAM son! You get the kewpee doll for the call an hour out! Come over here so I can staple a gold star to yer forehead! ;-)

  • Reply to

    Ding DING! Final 30 minutes...

    by highlowsel Sep 26, 2014 3:35 PM
    highlowsel highlowsel Sep 26, 2014 3:48 PM Flag

    Mikie: I jest....I'm well east of Colorado...if I went any further east I'd be in the Atlantic... ;-)

  • Bid $33.88. Come onnnnnn $34!

    Regardless the fact that it's not fading.....so far....bodes well for the remainder of the year? Or maybe I'm just out in Colorado enjoying the use of some of my last 24/48hr profits!? ;-)

    Let's see how it closes...

    Highlow
    American Net'Zen

  • Reply to

    Needham raised to $60...from $ 50

    by astrog8tr Sep 26, 2014 12:44 PM
    highlowsel highlowsel Sep 26, 2014 3:21 PM Flag

    Is Needham based in Colorado? Just askin' because this sort of "analysis" makes me think sumbody over there is smokin' sumthin' a bit funny......

    Meanwhile MU bid trying to get back south of $34....bid 433.85. Let's see how the final half hour goes...

  • Reply to

    Will anyone be surprised if..

    by highlowsel Sep 26, 2014 11:09 AM
    highlowsel highlowsel Sep 26, 2014 1:18 PM Flag

    Elock. Those monthly, third Friday of the month, options still exist. But the powers that be, in their greed (imo), issued an edict...."We shall now have WEEKLY" options! And so it has come to pass for the likes of BAC. This, to my mind, just further reduces the game to a true gambling situation....what, from the investing mindset, do week options inspire if not gambling,, eh? They serve no other function to me....why not just go all the way and have DAILY options! (heh)

    So it goes...

  • highlowsel highlowsel Sep 26, 2014 1:01 PM Flag

    Starboard must have some serious position in AOL to come out with this sort of completely stupid (imho) request.....

  • Reply to

    It's early but it looks like

    by cheetah779920 Sep 26, 2014 9:50 AM
    highlowsel highlowsel Sep 26, 2014 12:58 PM Flag

    Stop hit at ~.69 on the dip. Now watch it zoom to $34, :P!

    But I won't complain...been a good 24hrs with 'ol MU. I will now retreat to my private corner and rub the last 24hrs profits all over meself (I know, I know....thanks Highlow there's a visual I did NOT need? Heh).

  • highlowsel highlowsel Sep 26, 2014 12:54 PM Flag

    Okay "we" won't say a word about this. ;-)

  • Reply to

    It's early but it looks like

    by cheetah779920 Sep 26, 2014 9:50 AM
    highlowsel highlowsel Sep 26, 2014 12:51 PM Flag

    Oh and just like that...well....45 minutes later....bid now $16.73. Setting a stop on my .45 "get" just south of .70 to see how far this pony runs (now) to the upside....

  • Reply to

    Street selling GILD today to buy AAPL

    by shostakovich_quartet Sep 26, 2014 11:23 AM
    highlowsel highlowsel Sep 26, 2014 12:31 PM Flag

    Let's seeee....you're saying closing one relatively toppy (for now) equity for an extremely toppy equity is a smart move? Disclosure...I'm short AAPL from ~$102.40 so consider the source. ;-)

  • Reply to

    volume

    by plcsmth77 Sep 26, 2014 11:36 AM
    highlowsel highlowsel Sep 26, 2014 12:27 PM Flag

    Which is why the bid is being wagged all over the place. Bid went from ~$107.14 to $106.82 in a relative eye-blink, now $106.99. Looks like the controlling players are beating the bushes trying to drum up volume and activity....

BAC
16.82-0.23(-1.35%)Oct 1 4:03 PMEDT

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