BAC - Bank of America - Page 312

Yeah if this isn't one of the hardest stocks to figure out. The other day when the earnings report was released it hit the 9.30's 9.40's I believe premarket. Then it dropped faster than the Dallas's chances at an NBA title. I could have sworn this stock would be horrendous today. I mean the new French president wants to rearrange everything. But even when Europe is in the hole this stock takes off. The only way this stock is gonna keep moving I think would be something like "We have sold Countrywide" or we have settled all lawsuits!

I don't even think it can be manipulated

So pretty wild

there has to be some type of trend I am missing here. Someone buys when its down 3% and shorts it the next day. Someone who can figure this one out will be making some decent money every week. A few hundred bucks. I remember in March or feb this was moving up and down every other day 3%.

Will feel much more comfortable with the downside here if it can finaly break that 7.67. been holding that level for a while.

Once BAC sees bottom it should see a very good bounce back up.

 

where do you think that could be? I think a break of 7.50-7.67 on strong vol could get it back down to the $6 range med term if there is a sell off in broader market.

It does not seem to want to break that level. Would have thought today was the day. Will take substantially more fear imo.

This thing doesn't move on fear, it doesn't flinch. Get rid of countrywide see how this stock takes off. if you are long in this stock I have a feeling that 9,50 to 10.00 may not to be far off. If you know how to play it daily, it be a good money maker. opened at 7.67 and went up to about 7.80 today. I mean one % here and their with a significant amount of money is good in my book! I just wish I knew how to play this roller coaster right. Few hundred a week would be feasible

 I feel we are getting quite long in the tooth for BAC hating. People need to just accept that it will be here for a very very long time and will again one day make a shit load of money. I can't trade it either, im holding for the very long term.

the spanish bank bailout did NOTHING

 

we got nothing going for it

 

I obviously disagree....I think it could go lower but i'm just playing musical chairs here. I want to be holding lots of this for the future.

Edited by steadyup - 5/10/12 at 9:14pm

I thought the bailout would have given bac a spark to 10...

It didn't there is nothing left for it

Aside for more $ injections from euro

Doesn't look good

Wells Fargo hasn't had a dent

If it breaks $7 I'm gonna start buying long term

Fannie Mae made the money today. Japan stocks down cause of Greece, and Spain is a mess.

I think the 200ma around 7.28 is a good resistance turned support to watch-

200ma was resistance at around 8 back in february then it popped through with volume to near 10-

best best play

is wellsfargo calls

and faz/bac put combo

7.5 ah muahaha ...

 

$5 here we come, 3rd time a charm!  Just when you think we are finally over Greece and start dealing with Spain, the Greeks are back and kicking... when will it be italy's turn again?  And now this!  Awesome.  

7$ next week   4.92$ end of May  and from there BAC will sink to 2$  like 2008 . Be Careful

damn .. real roller coaster