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Old 10-12-2009, 09:41 PM   Nav to Top  #1
teenwolf41
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Now I'm obviously late on this, but BAC is going up everyday and I had to get in today. Reports on Friday, I expect all the banks to perform well as rates stay low. Will continue to buy on any dips because long term BAC will reap great benefits from the MER deal.


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Old 10-12-2009, 10:46 PM   Nav to Top  #2
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One thing I can say is earnings are going to be verrrrrry interesting - however i have a feeling that its going to be very tough for them to make it past $20 -- that would be the point for me to watch. I can see the shorts licking their chops :)
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Old 10-14-2009, 01:26 AM   Nav to Top  #3
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I'm sure you can't short BAC here as there are no shares to borrow. DOW futures are up and JPM reports in the morning. I expect Jamie Diamond to produce good numbers and the DOW to surge over 10,000 tomorrow.
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Old 10-15-2009, 09:32 PM   Nav to Top  #4
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Reports tomorrow before the bell
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Old 10-18-2009, 10:06 PM   Nav to Top  #5
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Well that didn't work out well as BAC reported a loss. Long term it will be fine, hope they can find a good CEO.
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Old 10-18-2009, 11:41 PM   Nav to Top  #6
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Might not be a bad idea to start checking out some of their options for 2011.. might be even cheaper now :)
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Old 10-26-2009, 09:50 PM   Nav to Top  #7
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Options getting cheaper. Even though I am currently down 13% in BAC, I'm not too worried. Market is negative, BAC did have a big run up, but in a year from now, I see BAC being higher. I think the ceo search is hurting the stock as well, theres no clarity on that subject.
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