BAC - Bank of America - Page 7

I like ABK right now, I like BAC alot now, and will hold til the next divi, which by the way is in about 6 weeks

Thanks Peny I respect your opinions and positions. I know I got my divis coming for C and now I am waiting to get bigger divis in BAC. GLTA

This one is tough to read...techs are all going to the downside and the double top at 34ish makes me think it will trade down to at least the 50 MA at 28ish (which was its previous bottom)

with a divi coming up in 4 weeks, it is unlikely that it will fall, I can see it moving up to the 34 range and settling in there,imo

You were right and I was wrong before so let see how it pans out

You have been right alot of the time as well

$33.77 See I told you...Maybe I should keep getting bearish on this stock so it will go to 50 ...

I think it will go higher then that ( 34 range ) with a divi that is double the size of C. Lets not forget they are not losing money they are in the green, imo. GLTA

I thinik your right, I am really looking at 40+, I just like to set real conservative goals and as they are reached, keep setting them a little higher, its worked so far with B of A

maybe I was a day early

financials getting beat up pre-market again....still looking for that 28ish retest for bac...i went ultrashort financials yesterday as a way to play the downside in these names...

11:31 Bank of America, broker rally may fade as shorts limit expires - Bloomberg.com

Bloomberg.com reports BAC and MS's monthlong rally, propelled by an emergency limit on short-selling, may end as the rule's expiration lets investors redouble bets that losses will mount. Mortgage underwriters FRE and FNM and 17 brokerages resumed trading today freed from the SEC's restriction aimed at preventing stock manipulation. The group's shares rose by an average of 17% since the SEC's action on July 15. Analysts including Oppenheimer's Meredith Whitney and Deutsche Bank's Mike Mayo this week cut profit estimates and forecast further writedowns on mortgage-related bonds. Bets in the options market against gains in the Standard & Poor's 500 Financials Index are within 2.3% of a record, Bloomberg data show.

Its probably this news that was released yesterday that is shaking up alot of banks...

The FDIC has also raised the possibility that it will increase insurance premiums on healthy banks to cover the cost of what are expected to be rising bank failures as the current credit crisis unfolds.

These A holes don't know Sh*T!! They are just like Cramer, you do the opposite of what they say. They are the ones that said don't buy C in the 15.s, I bought C at 15.55 where did it go after that UP!! And I won, Thanks for the Divis and the nice PROFIT!! I will go against them anytime. GLTA

financials look to be weaker today. Walmart had decent results which could help put a floor under the market today but lets see where it goes....

Looks to be regaining its lost ground over the past few days, this could easily head back to $34 and break it this time, a green Friday could accomplish alot for this stock with the catylists that are already here

$30.45X$30.48 PMT

$30.60X$30.70 in pmt

Yep so far holding its trading range.......I picked up a few shares of BAC this am to offset any skf losses I may have today....

It was just released today on Scottrade News. Buffet / BRK.A and BRK.B have added shares of BAC to their Portfolio.