Where do YOU see Bank of America go from here?

Discussion in 'Stocks' started by prjctdork, Aug 10, 2010.

  1. BSAM

    BSAM

    So, you know people on Capitol Hill, huh?
     
    #61     Nov 6, 2011
  2. Their top line is growing briskly quater over quarter for a year now if you discount one time charges on their second quarter earnings. This company is set to be the premier bank in the world. They just need to perform. Trading 66% below their book value says there is a tremendous risks associated with their bad bank side. 20-30% of that 66% could be attributed to market conditions and not the fundamental in the business according to my analysis on similar banks.

    Having said that I bought a decent sized block of their tarp warrants on friday.
     
    #62     Nov 6, 2011


  3. >>>>> When he says go LONG, just go with it. <<<<<<

    Short is closed on the trendline break shown. Now sidelines. If/when 23.6% is taken out, go LONG. If low is taken out resume SHORT.

    Additional reason that caused the dead one to reign in the Short is the Ending diagonal Triangle shown in bold - that signifies either end of move or a circular motion with the right hand. :)

    [​IMG]

    Uploaded with ImageShack.us
     
    #63     Nov 6, 2011