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Bank of America Corporation Message Board

highlowsel 851 posts  |  Last Activity: 10 hours ago Member since: Feb 26, 1998
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  • Reply to

    What are the odds??

    by highlowsel 15 hours ago
    highlowsel highlowsel 10 hours ago Flag

    Cody...sorry...just saw this.....I'm not much of an options guy, but the $17's seem an interesting bet. Overall I tend to agree with Truemst and the golden cross idea. It's one to watch....and should really propel valuations in the pps AND your options should it occur. But for now, as always, it's a gamble albeit a qualified one. BAC did not close above $17 for the week, but it got sufficiently north of it to make me think that with monthly opt exp craziness out of the way we very well might see +$17.25 by this time next week. But as usual this is just my WAG. Take it for what it's worth.

    Have a great weekend (everyone)!

    Highlow
    American Net'Zen

  • No transparency into Alibaba's workings. All of it rooted in a country not known for its Democratic attitude (heh). Watching all of this action today, and observing the behavior and antics of the Wall Street types, makes me think 'ol Vladimr IIyich Lenin was right. The Capitalists truly are selling them (the CCP and such) the rope by which they will be hung.

    So it goes I suppose...

  • Reply to

    What are the odds??

    by highlowsel 15 hours ago
    highlowsel highlowsel 15 hours ago Flag

    Yah...bid got shoved to $16.88....volume overall is above average, but it's really not taking that much action by the sell side to drop the bid. The bid stands aside upon any provocation. $16.90 in sessions past was a resistance level...this p/b might be consolidating and proving it out as eventual support around that line.

    In any case I see nothing particularly suspicious in this. The bid has had a nice run over the last 10 sessions (or so). Remember $16.10 occurred not too long ago, Sept 10. I still see the ~$17 zone as a point of consolidation setting up the next upside leg that may occur from now until end of year. Meanwhile Opt exp mischief and the like are having its say.

    Bid $16.93

  • Bid $16.99. What're the odds the bid closes at/close to $17, eh? HEH!

    Highlow
    American Net'Zen

  • Reply to

    YANK!

    by highlowsel 18 hours ago
    highlowsel highlowsel 18 hours ago Flag

    Okay...in for a trade at $16.98....I'm willing to hold it should the play turn against me 'cause this is opt's exp Friday and nuttiness is a routine expression of the action. As a trade I'm looking for the usual +10pennies....

  • Reply to

    YANK!

    by highlowsel 18 hours ago
    highlowsel highlowsel 18 hours ago Flag

    Interesting..the bid had managed to get back to ~$17.04 when Master used ~350K shares to yank Poochie to $17. Think about that for a second.....volume is running hot at +25M right now and 350K shares dropped the bid to $17? HEH!

    Anyway...the sell side tactical game is in effect with a vengeance right now...ooops...bid just got hammered to $16.97. Why am I not surprised....now looking for my entry point but waiting on the sell side run abating....I suspect this one is going to the .90 area but let's see if the buy side begins to strengthen....remember to watch that ask....it's head-faking heavily right now..but will be the "tell" on the turn..

  • Reply to

    Have a bid in?

    by lotahype44 19 hours ago
    highlowsel highlowsel 18 hours ago Flag

    There's not a chance in hell I'll be playing this one at open, or anywhere near it. When Wall Street turns out en masse in a such a frothy frenzy of "it's the biggest of all time" noise/propaganda it tells me to stay away and let the dust settle. BABA opening will be a symbol of greed perfectly expressed by that group....and they'll be whipping up the herd so to profit from it....take THAT to the bank...

    Now let's see how the "whip up" goes....

  • highlowsel by highlowsel 18 hours ago Flag

    Master making a session opening statement yanking Poochie to heel from $17.17 to $17.04. With opts exp and such I expect he'll try to test the $17 line.....so I'm waving a low-ball trading bid down just south of it on the "over-shoot" theory....Let's see what he does.

    Bid $17.02 and being crushed by the usual sell side tactical game....

  • Reply to

    Next stop $17.50

    by hucktwain Sep 18, 2014 3:22 PM
    highlowsel highlowsel Sep 18, 2014 3:39 PM Flag

    Hah....one step at a time.....no surprise Master is sitting on dah Pooch going into the final 30 minutes....bid now $17.06. It's been a good day but I wouldn't be surprised to see a bit of profit taking by the more trader oriented set.....doesn't take anything away from your thoughts about $17.50 though my more immediate target is $17.25....

  • Reply to

    Is today the day?

    by highlowsel Sep 18, 2014 9:13 AM
    highlowsel highlowsel Sep 18, 2014 2:29 PM Flag

    Nest: Maybe. Master just used ~2M shares to yank Poochie from ~$17.13 to $17.06 and is now enforcing the usual sell side game. 2M shares ain't much in the larger scheme of BAC's intraday, but if the bid is over-extended....which it is (or was) by juuust a wee bit, then it don't take much....1.5hrs left in the session....let's see how it plays out...bid $17.07.

  • Reply to

    Can anyone explain today's 2% rally?

    by y_r_uback Sep 18, 2014 12:29 PM
    highlowsel highlowsel Sep 18, 2014 1:53 PM Flag

    Perception is always reality in this game. DoJ decision, yesterdays Yellen market stroking commentary, and the general market perception that in relation to its peers BAC is waay undervalued.....? Just a WAG, of course..

    Bid now $17.12

  • Reply to

    Too bad BAC isn't rallying today...

    by nestofweasels Sep 18, 2014 12:22 PM
    highlowsel highlowsel Sep 18, 2014 12:29 PM Flag

    Oh I can't speak for anyone else but I'm sittin' here twirling in my chair all a'giggle. But that's just me. ;-)

  • Reply to

    Is today the day?

    by highlowsel Sep 18, 2014 9:13 AM
    highlowsel highlowsel Sep 18, 2014 12:20 PM Flag

    True: "How high will she go and will it close above 17?"

    Hard to say but breaking $17 puts $17.25 on the table. For now my WAG is the bid will close north of $17..there's ~25M shares that were transacted within that ~$16.99 to ~$17.02 zone earlier today that I think put a nice floor in place. But I could be wrong seeing as how Master dearly loves to confound expectations....meanwhile...bid now $17.08

  • Reply to

    Give us an explanation!

    by truemst Sep 18, 2014 10:16 AM
    highlowsel highlowsel Sep 18, 2014 12:16 PM Flag

    All OT threadsters are engaged in an attempt at self-actualization?

  • Reply to

    Food For Thought

    by m.moc63 Sep 18, 2014 11:27 AM
    highlowsel highlowsel Sep 18, 2014 12:12 PM Flag

    M.moc: Actually you've touched on something I've mulled over off and on for some time. Why, to the extent that it does, does TA work? Is it because there's some mathematical God who's ordained that when the stoch's are "here," the bid rolls over or takes off? That gaps shall be filled? Or that Fib retracement levels shall forever more be characteristic of support/resistance lines? That the 200/100/20 (take yer pick) day MA have relevance? Some seem to think the answer is yes. Others, not so much.

    From the perspective of strict logic I fall in the latter camp. I acknowledge that TA has a certain....trading and investing legitimacy. Heck I use it extensively. But I submit this is not from being "ordained" by nature or "god." Rather....it's a self-referencial mechanism with the self being the human animal. By believing TA works, as a herd-think idea, we make it true. More or less. In effect TA is a self-fulfilling prophetic mechanism we use in an attempt to define.....what we (the herd) are going to do next. It's an attempt to predict our own behavior. So to the extent TA actually works this is why. It's self-fulling.

    If the market was dominated by "aliens" TA as currently expressed probably wouldn't work. Indeed, more and more one could argue that the rise of the HFT's/Algo's is leading to TA becoming irrelevant...excepting the machines are still programmed by humans. Once the disconnection in that association occurs all bets on TA's viability are off. Think Terminator Sky-net as applied to the markets (heh).

    Okay...obviously I've too much time on my hands today....just some way OT thoughts....oh...MU bid...$32.37....

    Highlow
    American Net'Zen

  • Reply to

    Is today the day?

    by highlowsel Sep 18, 2014 9:13 AM
    highlowsel highlowsel Sep 18, 2014 10:19 AM Flag

    Battle lines are drawn at $16.99 x $17. So far huge volume is being expressed at this area...5.5M (volume) on the $17...4.3M on the $16.99. And overall volume is wailing away heavy...

    Bid now $17.01. Not to cheer-lead but go go go! Heh!

  • Reply to

    Is today the day?

    by highlowsel Sep 18, 2014 9:13 AM
    highlowsel highlowsel Sep 18, 2014 10:13 AM Flag

    Tigger: "....while posters here get frustrated and complain endlessly about how the stock doesn't do anything..."

    HA! Well...it's said most have problems with delaying gratification these days....a symptom of our "point and click get it now" world? Guess they would have failed that 3year old "here's a cookie hold it for half and hour and I'll give you TWO" psychological test, eh? (VBG)

    Bid dancing around $17....now at $16.98 again...

  • Reply to

    Go Gilly go - go !

    by rroy07 Sep 18, 2014 9:47 AM
    highlowsel highlowsel Sep 18, 2014 10:00 AM Flag

    Ooops...$105.84.....

  • Reply to

    Go Gilly go - go !

    by rroy07 Sep 18, 2014 9:47 AM
    highlowsel highlowsel Sep 18, 2014 10:00 AM Flag

    Bid $15.84. Nice.. But it remains volatile so don't be surprised by any jerky back-n-forth and all around the barn action as this seems to define GILD these sessions...

  • Reply to

    Is today the day?

    by highlowsel Sep 18, 2014 9:13 AM
    highlowsel highlowsel Sep 18, 2014 9:56 AM Flag

    Yup...first touch broke $17, then p/b to ~$16.95. Now the second try...bid $16.99...these things typically take "3rd times the charm" so let's see what happens next...

BAC
16.95-0.09(-0.53%)Sep 19 4:04 PMEDT

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