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Bank of America Corporation Message Board

highlowsel 706 posts  |  Last Activity: 12 hours ago Member since: Feb 26, 1998
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  • Reply to

    BAC support at $16.68...

    by nestofweasels 18 hours ago
    highlowsel highlowsel 12 hours ago Flag

    The $16.50 line looks like it's returning to what it was before...a strong resistance ceiling...granted one day do not a trend (resumption) make...but the way the selling intensifies whenever that line gets approached....it looks like that's the role it's (re)assuming....bid $16.47 and again being faded..

  • Reply to

    BAC support at $16.68...

    by nestofweasels 18 hours ago
    highlowsel highlowsel 14 hours ago Flag

    Here comes .40. Bid now .44 and being hammered in predictable fashion.....since I'm buying staggered buy side tranches I'm going down into the low .30's and placing another bid. Also one in the low .20's, too. Stagger in...stagger out is the logic....

  • Reply to

    BAC support at $16.68...

    by nestofweasels 18 hours ago
    highlowsel highlowsel 14 hours ago Flag

    Interesting that with the media speculations of a Sept rate increase that somehow this translates into the sector getting hammered. I suspect, for now, that the sector is simply following the overall market....albeit irrationally since the Dow is off over 210pts. I suspect, so long as the intraday pattern persists...that the bid is going to end the day are ~.40.....not far from where it is right now at .45....which puts the downside target of the low .20's back on the table again.....basically it looks like the bid is back in the channel it's been in since ~May 4...~$16.25 to ~$16.60....

    For now the bid is being spoofed and head-fakes ad nauseam...but all of it is being done with tactical selling intent......wonder what's going on with the Options, eh?

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 15 hours ago Flag

    Equitie: At this point this control doesn't surprise me...at all. I'd only be surprised NOT to see it. We know the following.

    Item 1: +10B share float.
    Item 2: It's an HFT, chug and churn machine darling.
    Item 3: It's in a sector rife with FUD.

    So what of the above makes it surprising to see the action being what it is, eh? This behavior will never, EVER, change so long as that float remains the pig size that it is. There are other aspects (to be sure), but that's the elephant in the room enabling all the behavior you see.....

    Bid .48...churning sideways under heavy volume. Like a tractor in deep mud unable to get any traction....just a lot of sound and flying mud all signifying nothing moving...unless you're in there churning it yerself...

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 16 hours ago Flag

    Well if today does nothing for you except to drill into you the fact that you do not need to chase this equity; EVER, then I'd say that should be sufficient. You can make coinage trading it. No question about that...but you never need to worry about missing an opportunity...in other words "Oh my GOD I better BUY/SELL now else I'm gonna miss it" types of thinking you can throw right out the window. All you need is one very crucial mindset....patience....BAC is a plodder. BAC is a cow. BAC is a fat out of shape Poochie never allowed to go anywhere, at any time, in uber-fast fashion.....errrrr...and that's not a reference to a certain car dispatching app's, either (heh). With a float the size of Manhattan. With a chug and churn "tag team" firmly latched on like ticks and fleas...this one will never be going anywhere in any real hurry. This leaves aside the never ending FUD that swirls around the sector.

    Great trading vehicle, though, if you're patience and into the +10penny game....bid .49 after again dipping to .46...

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 16 hours ago Flag

    Selling just used ~1M shares to clock the bid from ~.50 to .48. I'm now watching for my 2nd tranche here....but at .48, and down now ~1.58% I'm watching to see if I can get my ~2% downbubble entry.....I'm set to buy at this line....but looking to see if I can get it better still...bid now back at May 18 levels.....again....

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 16 hours ago Flag

    Gamblin: Bid now $16.50. You might be right. It's a full frontal assault being waged in typical fashion by the sell side of the game.....bid is collapsing as I "speak." Here comes the high .40'.ss

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 16 hours ago Flag

    Waving that bid at ~.48....current bid now .51. So far the sell side game is being run in classically dominate fashion.....watch the ask...so long as it stays on the overhang "game" you can expect the bid to fade one step (penny) at a time...that plus if this is another 2% downbubble day for BAC I'd expect the bottom area to be in the high .40's.....it will probably be harder for the sell side to run their game south of .50...but if they're able to get, and keep, the bid south of that line...well...it means that line once again goes from support to resistance....basically it signals all earlier forays north of the line were nothing more than a false break-out signal.

    Bid .51. Showing large and the ask appears to be fading.....BUT....it shows small, gets continually hit yet just refills refills and refills some more...

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 17 hours ago Flag

    By the by...if this is a true downside day for BAC then "tradition" has it we usually see the bid slip by ~2%. Right now...with the bid at $16.54, we're at negative 1.25% so we've ~.75% to go. And it'll probably go there, too, especially so long as the Dow continues apace...it's off over 180pts...

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 17 hours ago Flag

    Maybe...maybe not. I am absolutely LOUSY at calling bottoms/tops...though I do aim for getting within 10% or so....heh! Anyway.....the dowside pressure..like a jack-boot on the back of the neck pushing ones face into the dirt, remains inexorable. Bid now at .55 and weak with the sell side game fully engaged. You just have to watch the real-time intraday action to see it.....Master is taking the bid to the .50 line and so close that gap....you watch....

    Bid now $16.54....

  • Reply to

    BAC support at $16.68...

    by nestofweasels 18 hours ago
    highlowsel highlowsel 17 hours ago Flag

    Nest. To the extent there's truth in the markets expectations of the sector vis-a-vie future rates and such I'd say it's mitigating downside action as compared to the rest of the market. The sector will get hit, as is being seen...but it may suffer less and rebound fast(er). In other words....it remains what it always is...a trading game. Errrr.....at least from my point of view. Heh!

    Dow now off over ~150pts and BAC's bid is $16.60. I've an open tranche garnered at ~.58....excepting it I'm pretty much sitting on my hands on the long side. I DO have a number of open shorts in play....TSLA, NFLX, AAPL to name but 3 I consider highly over-bought....So excepting them I'm just sitting....while trying to recover from this week-ends massive head-cold that hammered me down like Master did this AM's BAC bid. Bid at .60 and looking like it's about to go back south of that line...again....

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 18 hours ago Flag

    Grabbed an initial tranche at the ~.58 line....just playing the usual +10penny game....

  • Reply to

    Master yanking the Pooch

    by highlowsel 18 hours ago
    highlowsel highlowsel 18 hours ago Flag

    Intraday 3 minute chart....+9.7M shares transacted. ~8.4M of it has been selling. Yep..Master has again tied the boat-anchor around Poochies neck and, again, thrown it over the side of the boat. Question is...how deep's the water? Heh! Bid collapsing...now at .58....starting to get down into my trading buy zone....

  • Reply to

    BAC support at $16.68...

    by nestofweasels 18 hours ago
    highlowsel highlowsel 18 hours ago Flag

    Right now my resistance line is that older aforementioned downtrend line that I've had in place since mid-March 2014 (~$17.85). It sits, today, just a bit north of $16.70. The bid hasn't been able to get away from it far, in either direction. It get's north...and gets yanked back. It dives south, and then works its way back to that line....more or less.....anyway...the current leg is away south of the line with the bid now at $16.60. I fully expect a test of the ~low .50's because the typical sell side tactical game looks to be fully engaged.....and as you say...this isn't specific to BAC as the entire sector is getting clocked.....just got to pull the trading trigger when the set-up occurs is all you need do....

    Notice Master keeps pulsing the bid at .60. .60, .61. 60. 61....that's a signal (to me) he's setting it up to yank further....here it comes....ask starting to swell in overhang fashion, and bid is now being clocked.....he's taking her down....

  • Bid $16.61 and being YANKED, SLAMMED, pick yer euphemism. +4.8M shares transacted in the fir 10 minutes and over half of it is selling. Looks like Master is still intent on closing that upside gap from May 19th...which means look for the bid to get walked to the ~.50 line...again. Think I'll wander down just south of that zone and wave a low-ball bid.....nothing ventured...nothing gained.

    Highlow
    American Net'Zen

  • Reply to

    Cartel laying low 4 now.....

    by hopechange4got May 22, 2015 1:55 PM
    highlowsel highlowsel May 23, 2015 7:29 AM Flag

    Since our Supreme Lawgivers had decreed all Corporations are people I prefer to go with the more apt pejorative than Cartel; Felon's. Because with the decision handed down off the Forex debacle that is exactly what most of them now are. But even so just like it's good to be King, it's good to be a Felon in this case. The plea deals mimic previous civil settlements. In all, the banks will pay fines totaling about $9 billion, assessed by the Justice Department as well as state, federal and foreign regulators. That seems like a fair spanking until you consider that the Felony scam, one that lasted for at least five years from the end of 2007 to the beginning of 2013, they hauled in some like $85 billion. So $9B large is merely the cost of doing "bidness." Yeppers....'tis good to be a Felon.

    Seriously...some (corporate) folks need some jail time over this. This "spanking" infers rampant collusion on the part of all players involved. But then again...we know this already don't we? As one commentator in an editorial about this stated;

    "There's a common misconception that "capitalism" is a philosophy that always values individual liberty, personal freedom and a free society. In fact, although many capitalists believe this there's no inherent reason that it has to be true. The purpose of capitalism is to make money and at the upper levels of control they are not particularly auspicious about how they do it or what the trade-offs are."

    Indeed. So beware the Felon knocking on your door bearing gifts.....

    So it goes...

  • highlowsel highlowsel May 22, 2015 3:09 PM Flag

    Equitie: Hey...it's ISIS home ground. If they choose to destroy it....well...let 'em if'n the other citizens of the area...the Saudis, Iranians, et.al., don't have the balls to stop 'em. Why should we care? Why should we American's care when we hardly seem able to care for ourselves these days?

    Ummm....I'll leave aside all the BUSINESS arguments about oil and such - excepting to ask why is it we incur such military costs without billing the businesses that benefit and profit from it, eh? Anyway....strictly speaking I care less what those in the Mid-East do to themselves. If it's a revolution then let them have at it. We just need to be on-guard for the collateral damage aspects of it. Let's use EMEA (Europe) as a logical buffer. ;-)

    The above is something of a joke; but regardless it comes to this...and it's a classic error continually being made by our CIVILIAN leadership. They, at heart, don't seem to understand that war is simply a tool...a means to an end. The only true resolution to any conflict is accomplished via Political means. Political processes. Our leadership, well on since Vietnam, seems to view it as the principle end. "Have a War - Win it - Problem SOLVED!" Uh huh....well....history keeps disabusing them of that notion...yet they keep going back to it again and again and again. It's little wonder nothing ever gets resolved. Unless the intent is to keep chaos at a maximum....which...come to think of it...very well might be the intent....keep the fighting high while principle interests keep going to the bank.

    Just like BAC's bid, at .78, again approaching .80. (see how I brought the conversation back 'round to on topic from OT? Heh)

    Have a great holiday!

  • Reply to

    back at 16.80

    by tfamily8688 May 22, 2015 12:30 PM
    highlowsel highlowsel May 22, 2015 2:05 PM Flag

    It hits, backs off. Hits again, backs off. Then hits again, and backs off. Typically this is indicative, for BAC, of a build in pressure to continue to the upside. I'd say the machines know this so, while throwing up that +1M share wall at the .80 line they may be about chugging and grinding in such a fashion so as to maximize their (self) interests when that wall falls. In other words...."let's keep shoving the bid back down and scooping up cheapies so to sell 'em back when .80 falls." This is all just my WAG....I could be waaaay wrong....especially since I'm only have "in harness" to this game today. The other half (of me) is already in holiday mode....translation....I'm only half-arsed following the action today. Take it for what that's worth.

    Bid $16.76 again...oh...by the way...intraday volume is running at a very light, for BAC, +30M. As threadster Hope noted...looks like the minions are in charge today...

  • highlowsel by highlowsel May 22, 2015 12:35 PM Flag

    But it's gonna be tough to get on top of .80 because the ask is show +1M. They typically don't show quite that large...so either a point is being made or....somebodie's saying here's what we's gots....chew thru it and you can proceed apace? Anyway...for now most of the action is backing away from it by hitting mostly the bid or in-between the spread.....so .80 might be the line for awhile....let's see...

    Bid $16.78...

    Highlow
    American Net'Zen

  • highlowsel highlowsel May 22, 2015 12:29 PM Flag

    Errr...not to get into this but....it ain't so much the thoughts....me myself have bad thoughts every couple of seconds or so....especially when action runs counter to my expectations (heh)...it's more the ACTIONS that go along with those thoughts that determine whether you should be spanked or not. At least....that's what every 10 year old, i not younger, quickly comes to understand. So thoughts? They ain't nuthin'. Actions? Well now those can get you spanked in toot sweet time... Excepting amongst the big boys/girls of this game. They just get a wrist slapping fine and go merrily along their way (while the likes of you or me would end up in a deep hole under the jail)....

    So it goes.

    Meanwhile looks like the bid is making a second run at going north of .80? Bid again at .79....

BAC
16.50-0.25(-1.49%)May 26 4:02 PMEDT