Short on BAC?

Discussion in 'Stocks' started by chaching, Apr 16, 2009.

  1. chaching


    Hi guys,

    I just joined in and I am very excited to chat and exchange opinions with you all.

    Right before Wells Fargo report rally happened Thursday last week, I shorted BAC (Bank of America) at $8.40.

    Do you guys think I should cut my losses now or wait for another downturn next week or sometime in the future? Is draw back on the price possible?

    Hope to hear your responses!:)