BAC - Bank of America - Page 334

I'm torn....on the one hand I want shares to go up but on the other I hope BAC the ability to buyback as many shares as possible with their 5bill. In the long run, which is what I look at, more shares retired today will mean more earnings for my shares in the future.

Another stock with a solid uptrand since 2012. More than double value in less than year and half! Very well played Mr. Buffet.

Quote:

Originally Posted by rg7803 

Another stock with a solid uptrand since 2012. More than double value in less than year and half! Very well played Mr. Buffet.

 

Wasn't it down to about $4.50? I remember that you almost could not give it away.

Quote:

Originally Posted by Bob Korreck 

 

Wasn't it down to about $4.50? I remember that you almost could not give it away.

Yep. made a minimum around 5 bucks at Dec 2011. Since then made quite a ride.

Cream fest. Buffet and I can't wait t'ill this one gets it's share base under control so traders find somewhere else to squat.

Perhaps what you meant to say was a vulnerable uptrend.....?

NEXT DAY : BAC down another 3.4 % - Almost to 11 bucks.....(low of 11.23)

I just mean too many shares outstanding breading volatility.......but yes that chart is something i'm watching also. Close here and she's going to 11$ imo

Actually my comment (in post #6666 !) was morely directed towards rg803 where in post 6662 he was stating that BAC was

 "Another stock with a solid uptrand....."

overreaction on earnings IMO.  They took a lot of one time charges due to the never ending MBS mess.  partly from acquisition of countrywide.

without that..  They would have at least 6 cents more per share.  Their P/E would be looking a lot better.  they quadrupled net income Q/Q

i'll throw my neck out and say its a buy at $11.

If they get those contingent liabilities out of the way (which they will someday), they could get an upgrade on their debt..  stock would do quite well. 

book value 22. 

just saying..  do your own research

The XLF doesn't look too healthy now.  I think it could break the $17.75 support.  So yeah, that $11 could be a reality and possible buyin price .

too many people waiting for that 11$....never quite got there (yet anyway)

great day.....heck, great year.