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Bank of America Corporation Message Board

highlowsel 945 posts  |  Last Activity: 6 hours ago Member since: Feb 26, 1998
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  • highlowsel highlowsel 6 hours ago Flag

    Check the volume on the $14 Calls set to expire one week from today. It's ~half the open int. Things that make you go Hmmmmm.....?

  • Reply to

    $13.58

    by teton_mtns 7 hours ago
    highlowsel highlowsel 7 hours ago Flag

    Bid $12.92....it's breaking back down again.....it broke, or is breaking, back below the two session uptrend line....and at this point has given back ~50% of the bounce off the low. No real surprise in any of this. Especially with the Dow also off over 260pts. S&P also off over 36pts. The $64 question is the final hour on options Friday....do shorts cover off this 50% p/b and so pulse everything northward into close?

    Bid $12.94.

  • highlowsel highlowsel 10 hours ago Flag

    Yeah...that was the one. I tend to agree with you regarding guberment being the arbiter. But sometimes, given the reality of the special interests who vie for self-interested reasons to replace guberment (and it ain't got NUTHIN' to do with "free market" principles) I find myself thinking....

    "Yeah...but who's the better alternative? Someone, some entity, motivated exclusively by self-interest and pursuit of maximum profit?"

    We all have endless examples of how well THAT works out. Badly. Not always..but often enough to give pause to those seeing it as a total solution for all perceived guberment ills. It comes to this (for me). It's all part of the never-ending dynamic in our Capitalist society. This discussion...this seeking out of the proper balance for what government and what private industry should/could be doing.....because there IS a role for each.

    Meanwhile Master has succeeded in walking the Pooch back south of $13. Bid $12.98. All of yesterdays rise is almost negated....so forget yesterday...it never happened.....the bid is still wallowing around testing out the bottom that occurred Feb 3. By the way...if you draw a 2 day trendline...one that starts off the ~$12.51 bottom of that date...and use as a second touch point the bounce p/b off that low...which was ~$12.60...and draw it thru end of today you'll see that...surprise surprise...the bid has been walked right down to that line...so that's my set-up....bid bounce off it go long. Bid break thru it go short...

  • highlowsel highlowsel 11 hours ago Flag

    Yah....walking it down. Bid $13.04. Stair-stepping it south using all the tactic's that have become the norm for the sell side....Dow also under pressure (again), being down over 180pts, too. It's all a set piece....one tailor made for the sell side....

  • Reply to

    Starting of with a Yank

    by highlowsel 12 hours ago
    highlowsel highlowsel 11 hours ago Flag

    Bid back at $13.13. It's really being churned....so I'm right back in with another trading "grab" here. See the churn..play the churn....

  • highlowsel highlowsel 11 hours ago Flag

    Oh...and here's something else that'll make you laugh. It involves food stamps. I don't need to rehash all the conservative arguments about the evils of them. I don't have to rehash the liberal side, either. But an idea was presented on Keene's forum that had me all a'giggle. Consider this........yes....food stamps are evil. But not because they allow "wastrel's" and "all those lazy folks" to live on the tax-payers nipple (so to speak). No..the reason they are evil is because....are you ready for this (?).....they act as subsidies to the business community and so allow them to keep wages artificially lower than they would ordinarily be. The government is back-stopping the citizenry, the business community knows this, and so doesn't have to pay a living wage as a consequence. This one had me rolling on the floor laughing at the sheer inversion of the normal argument. It makes a certain, weird, sense, too. And goes far in explaining why you've never really heard all that much, out of the business community, complaining directly, about food-stamps.

    Just more chuckles to contemplate...

  • Reply to

    Starting of with a Yank

    by highlowsel 12 hours ago
    highlowsel highlowsel 12 hours ago Flag

    Bid $13.33. +10pennies hit so I am OUT that .16 "get" here. Just a trade.

  • highlowsel highlowsel 12 hours ago Flag

    Hey Nest, et.al.!

    Bloomie had an interesting talk session early this AM....they were discussing deflation and it's various impacts. Economic talk show host Tom Keene (love that guy's snarkyness - is that a word?) had an interesting perspective on it....one which made me laugh for not really considering it in that fashion. In a deflationary environment cash, usually a "footnote" in a portfolio, suddenly becomes a value oriented investing vehicle!! LOL!

    Well...of COURSE it would...think about it...human beings are always anxious about the future...they are always vying to secure themselves within it. Hence the whole reason for markets (in the first place). Markets are a mechanism by which we secure profits for ourselves (and our progeny) in the future. Cash, usually a line-item, becomes more important in that view because it starts being viewed as something more valuable in the future than it is now. Folks horde what is precious. They start to horde cash.

    This, fundamentally, is the trap Japan has been in since the 1990's...aided and abetted by an aging population....and it's one we risk falling into, too, though with one saving grace...our population isn't aging in quite the same fashion. I point to all the 20-something Millennials who, as a cohort, blow the doors off the size of the Boomer generation. So....we may be saved from Japan's fate? But deflation on a global basis is still something about which to be concerned.

    Anyway...just some random musings while watching the market. Bid $13.33.

  • Pretty much the entire sector is doing the same. So I'm in with a trade at $13.16 just on the WAG that the churn so typical of this paper will proceed apace. Why not? +10B in common outstanding will make it so....

    But let's see what actually happens.

    Highlow
    American Net'Zen

  • highlowsel highlowsel 12 hours ago Flag

    Interesting how those "teens" constantly prove out as a difficult area to get beyond, eh? Come to think of it.....same is true in life? ;-)

  • highlowsel highlowsel 12 hours ago Flag

    They all started out with the usual POP. They are all being dropped right now. This tends to be the characteristic of large scale ETF's being used as trading vehicles. Master busy walking the Pooch south...now $13.17 and heading down...again....

  • Reply to

    Republican candidates. ...

    by hopechange4got Feb 4, 2016 2:53 PM
    highlowsel highlowsel 12 hours ago Flag

    Stock: Eh? Yeeesh there buuudddy....lighten up. Seems I hit a nerve? Not that I care. I care less. But thank's for wasting some space with your drivel. Now excuse me while I go waste some of mine in pursuit of Mammon. Something I presume you are doing, too? HEH!

    Bid $13.24.

  • Reply to

    Republican candidates. ...

    by hopechange4got Feb 4, 2016 2:53 PM
    highlowsel highlowsel Feb 4, 2016 3:10 PM Flag

    But they're all gonna bring we heathen American's to Jesus so it's all good? Errrr...excepting Trumpie...who'd rather bow to Mammon. Not that I'm being judgmental since, during the "work day," I bow in similar fashion. Heh.

    Hey...come to think of it....I think it was said somewhere something about paying Caesar what he's due? So look'it THAT! You can even paint Trumpie as religious!? ;-) Yes indeed you cannot make this manure up...

    Oh...bid $13.19...final hour...let's see which way Master rolls the Pooch...

  • Reply to

    BAC resistance $13.72 / support $12.18...

    by nestofweasels Feb 4, 2016 9:28 AM
    highlowsel highlowsel Feb 4, 2016 1:40 PM Flag

    Here's a TA-related thought...

    Check a 10 day 10 minute chart...it's a bit tortured I'll admit but one could be forgiven for seeing a reverse HnS setting up. Top of head at ~$12.60...neck-line at....ohh...let's say $13.30....so....if this proves out....with the bid at the ~neck-line right now (bid at ~$13.28 so use $13.30 as the neckline) I'd gauge the upside target at a line calculated (in reverse HnS style) as the length from the "top of head to neckline" component. This would be...ohhh...about 70pennies give or take. So....targeting an upside off the successful resolution of the reverse HnS would be....$14? I'm not saying this will happen today....but it's something to play with if'n yer into TA...either this or look for Master to resolve the current churn by yanking the Poochies nose back down to the downtrend line that's been in place January 6...since this has been his tendency....let's see how it plays out?

    Bid $13.27.

  • Reply to

    BAC resistance $13.72 / support $12.18...

    by nestofweasels Feb 4, 2016 9:28 AM
    highlowsel highlowsel Feb 4, 2016 1:20 PM Flag

    Oh now there you go jinxing my position. ;-) So far bid appears to be stabilizing at ~$13.30. But this IS BAC....let's see how it closes....on a 20 day chart the $13.30 to $13.50 area is a swamp-churning mess....it could prove difficult to get north of it....

    Bid $13.27.

  • Reply to

    BAC resistance $13.72 / support $12.18...

    by nestofweasels Feb 4, 2016 9:28 AM
    highlowsel highlowsel Feb 4, 2016 12:18 PM Flag

    Not sure but I think the yank-down occurred about the time Europe closed....not exactly sure the "why" of something like that...it could be an erroneous correlation I be making....but let's see what happens now that U.S. markets are "on their own." (So to speak). Bid $13.35.

  • Reply to

    BAC resistance $13.72 / support $12.18...

    by nestofweasels Feb 4, 2016 9:28 AM
    highlowsel highlowsel Feb 4, 2016 12:16 PM Flag

    LOL! Well...I hope not...I just rolled out of an overnight FCX trade and plopped some of the profits on the last yank to sub $13.30. So color me interested in seeing the Pooch slip his leash and run free again....

  • Reply to

    I didn't know...

    by nestofweasels Feb 4, 2016 10:35 AM
    highlowsel highlowsel Feb 4, 2016 11:57 AM Flag

    Trader: Like I said....High level functioning Sociopaths. ;-)

  • YANK! In the last 5 minutes she's used ~625K shares to YANK the ball....she moved it from ~$11.323 to ~$11.05 in that short a time (no pun intended). Now back at $11.14. Lucy, Lucy, LUCY! Just GOT to play the Charlies don't'cha? I guess there's solace in being so predictable? Let's see what you do next...

    Bid $11.10...

  • Reply to

    What's going on?

    by sjcross3 Feb 4, 2016 10:20 AM
    highlowsel highlowsel Feb 4, 2016 11:28 AM Flag

    Just went back in on a trade...the bid got a (not so) surprising yank back south of $11.20 so I'm back in at ~$11.17. Just playing the +10penny trade game...

BAC
12.95-0.30(-2.26%)Feb 5 4:04 PMEST