BAC - Bank of America - Page 17

Had a lot of trouble passing 14.40-14.50 looks like a triple top on the 5 min chart.

14.75 now

Out at 15.20. In with 500@12.60.

I expect it to drop back down to the 12 dollar mark again. I'll get another 5 at that point.

We goin' sizzlin, we goin' sizzlin!

I made the mistake of buying 350 shares at 14.36 . I think im gonna sit on it for a while, no point in selling for a loss at these divi returns.

i thought bac halted its dividend?

I cant find any articles saying that, but I might have not searched hard enough.

Edit: Etrade says shareholders as of 12/3/08 are paid a divi of .32 payable 12/28/08 . . . anyone have better information?

finance.google.com confirms this too.

I'm quite sure they only cut their dividend in half...

Thats what they did

Yep, even at their divi cut in half its still a great yield.

Very beautiful H&S formation might be forming on BAC. Keep an eye out for this one.

Anyone know if dividend will pay out if I sell my shares tomorrow? Do I have to hold them till the markets close?

Why do you want to sell them? BAC is about to run baby.

Well my question is hypothetically speaking, if you sell the stock at 945AM on 12/3, do you still get the divi payout? What about 12PM, or after hours?

To receive dividends, you have to buy the stock before the ex-dividend date so that you will be considered a stockholder on the record date (which is two days after the ex-dividend date). This is because of the three-day settlement period. If you sell your shares on the ex-dividend date or after, the sale will not settle until after the record date. Since tomorrow is the ex-dividend date for BAC, you could sell your shares at market open and the sale would not settle until Dec. 6th, which means you would still be considered a stockholder on the record date of Dec. 5th and thus would receive the dividend.

Thank you very much, that was exactly what I wanted to know!

Looks like BAC could be headed down for a good tank. Kinda sloppy, but possible H&S at work.

Ive been trying to open a short position right under $15 today, looks like I might get it soon.

Short position opened at 15.01 , im looking to cover at 14.50 by the end of the day if possible.

Long here 15 calls at 1.28 x 10 Good luck!!

H&S, triple top, bearish flag... whatever you see on the chart, it's breaking down!

I thought you were going to sell at 15.20 or the new high of day for BAC?

I got out at 15.30... LOL So your welcome for making it tank so hard and so fast. Sucks because I had a lot of puts would have made a ton LOL