dont know... out of my league. Maybe this is where big money is this week. It sounds like stockguy is a big player.
i believe stockguy is a day trader, so his short position may just be for a few hours
this stock has shown the power to move very quickly. With op-ex today we will likely see it move towards either 17.00 or 17.50. My guess is 17.50 is a lot easier to get to, unless market melts this afternoon.
more likely 17.50 with the support this has. easier to pin it. Keep that in mind, we could very well have strong hands making sure this stock is 12 points higher then right now.
dumping morning.... catches the retail off guard and they sell. we'll see what the afternoon brings
thank you for the cheap shares pre-market sellers!
probably right, options expire today. If they can land it on the penny 17.50 they (MM's) cause a lot of pain, and make a lot of money on both calls and puts. if they could slam the price to 17.00 they could do better, but that would take a lot of help from the market melting to get that far (is my guess) because too much up RSI strength the last few days. so the next best "max pain" point is 17.50, and Id be pleased as punch if that target is met for another + 15 cent day.
Sentiment: Strong Buy
yes! its a lot of things, almost a perfect storm for BAc. Check the charts. Macd crossed over yesterday, from neg to buy. RSI bounced 2 days ago off bottom, MFI spiked up.... lots of consolidation taken place the last month after slide.... and general + heat on Financials have all contributed to what could be a nice solid upward trend right into earnings. Last quarters earning BAc was very positive, this quarter could see more of the same.