BAC



Bought at $6.25 the other day, Sold today at $8.60. I might wait for the trading to calm down a bit.
 
I would let it sit until monday. Generally friday is sell day. Unless there is some sort of news or hype that happens.
 
It was interesting that the CEO came out within the last couple of weeks saying they didn't need capital. Now they take the deal from Buffett.

I'm staying away from the banks.

If trading them, use tight stops.
 
Signing up for an e trade account soon and waiting for Monday

Big will good tips

Jeffrey, damn those r nice gains
 
leadsupplier said:
Signing up for an e trade account soon and waiting for Monday

Big will good tips

Jeffrey, damn those r nice gains
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Yeah, I only wish I would've invested more. I'd do some research on some different online brokers. I'm not a big fan of e-trade.
 
leadsupplier said:
What made you buy it?
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I've always felt that BAC was undervalued despite the fact they still have some toxic assets. I'd have to say I got a little lucky too. I'm not all that smart when it comes to the market. Right now, I'm looking at Citigroup right now because their price is close to a two year low.
 
I have held something like 2000 shares of BAC for the last 6 months or so

Still going to hold really long on it. Lots of people still use bank of america. Once they get their shit together and start optimizing the company its going to be worth alot more. They definately have cash flow, just need to cut the fat.

I think they don't want to lay people off because of the business hate lately. Don't want bad press.
 
BigWill said:
I think they don't want to lay people off because of the business hate lately. Don't want bad press.
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They just announced last week they are set to eliminate at least 3,500 jobs in the coming months (and hinted at more layoffs)
 
Bought 1000 shares when it was $11. Holding it for fuck's sake and selling the ish when it breaks even. Headache stock.
 
Bought 200 call contracts sep 8 strike yesterday.

Ended up selling it the same day for an 10 dollar loss.

If I held onto this morning it would have been a 20k gain.
 
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