Should I buy BAC?

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Author: [Investments] Topic: Should I buy BAC?
Paidonjok PM Paidonjok
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Posted: 7/6/2012 10:31:28 AM
What is the best recommended price to get into this one?  Looking for a short term play on this one. 


hoopsvader PM hoopsvader
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Posted: 7/6/2012 11:21:07 AM
1 dolla
Paidonjok PM Paidonjok
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Posted: 7/6/2012 2:13:32 PM
..........

Honestly, what should be the best price for BAC?  I'd seen this stock below $6 before. 
bill702 PM bill702
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Posted: 7/6/2012 6:37:33 PM
You should see it below $6 again
hoopsvader PM hoopsvader
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Posted: 7/7/2012 2:38:41 AM
this steamy pile of dung has no PE ratio......buy at your own risk
Paidonjok PM Paidonjok
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Posted: 7/8/2012 9:05:22 AM
Thanks guys! 

BAC is only good to play within it's range.

Check out SIRI.  It ranges between 1.80 to 2.10.  Such a nice buy/sell stock!
atlasshrugged PM atlasshrugged
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Posted: 7/8/2012 9:23:28 AM
QUOTE Originally Posted by Paidonjok:

What is the best recommended price to get into this one?  Looking for a short term play on this one. 



the common equity is likely worth 0.00 (preferred might have some value) but hey Bernanke and Geithner won't let it go below $5/share since they deem it critical to their mission of trying to convince everyone that "everything is fine".  i personally won't short it because it can always bite you in the behind with some new bailout scam.  chart is iffy it should go lower over time but Uncle Benny always seems ready to prop up this complete pile of toxic garbage.
Knoxpoker PM Knoxpoker
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Posted: 7/8/2012 1:39:46 PM

if you are not sure about the stocks and the run of the market , Do not try to just take a guess ..I can give you the indicators I use that I trade on . short term buy and sells ..

1. goto freestockcharts.com  (use this site for this)

2. set the indicators for stochalstics. Leave it on the defalt settings . You will see 2 lines going up and down . Its hard to explain .. U will have a green line on top. (overbought) and a red line on the bottom (oversold)  When the lines get below the red line (oversold) its a good time to get in at a good price . Also when both lines get below that red line , you wait for the slow line to curl and it looks like its ready to cross under the fast line . This is a great time to buy . The stock will move in the opposite direction because it is now oversold .

3. another thing I look for is if the 50 day moving average cross below the 200 and the stock has been on a down trend for a couple of months I ignore the stock . If the stock is trading above the 50 and the indicators above are in line I like the trade a lot .

4. goto stockfetcher.com  its 8 bucks a month .. It will give you all the hot sectors and how they are performing for the yr , the month and week and so on. I start my screen to see what has made a good move for the week and screen the stocks in that sector . or when the market has been rough I see which sector has not taking a big hit as to the rest of the sectors ..

5. Look for news and financials .. If the companies last quarter was positive and the stock had a little sell off it might be time to buy because it is now oversold. Stochastics will tell you that .

To sum up BAC  its a day trading stock and those guys just snipe it on a daily basis ..

I just got out or Smart balance SMBL I bought it at 5.05 and sold at 10.45  I bought it when the CCI was down ticking and the stock was oversold and the slow line was just about to cross above the fast line on stochastics .. I got lucky in between there because there was news . smart balance was buying a small company . Thatsjust luck . but follow what I said above and you will make a profit . I trade part time , because I work full time , I make a nice profit each month , and I use a regular account from Schwab .. good luck any questions feel free to ask ..

rubberneck PM rubberneck
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Posted: 7/8/2012 5:17:23 PM
bac
Paidonjok PM Paidonjok
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Posted: 7/9/2012 12:19:20 PM
QUOTE Originally Posted by Knoxpoker:

if you are not sure about the stocks and the run of the market , Do not try to just take a guess ..I can give you the indicators I use that I trade on . short term buy and sells ..

1. goto freestockcharts.com  (use this site for this)

2. set the indicators for stochalstics. Leave it on the defalt settings . You will see 2 lines going up and down . Its hard to explain .. U will have a green line on top. (overbought) and a red line on the bottom (oversold)  When the lines get below the red line (oversold) its a good time to get in at a good price . Also when both lines get below that red line , you wait for the slow line to curl and it looks like its ready to cross under the fast line . This is a great time to buy . The stock will move in the opposite direction because it is now oversold .

3. another thing I look for is if the 50 day moving average cross below the 200 and the stock has been on a down trend for a couple of months I ignore the stock . If the stock is trading above the 50 and the indicators above are in line I like the trade a lot .

4. goto stockfetcher.com  its 8 bucks a month .. It will give you all the hot sectors and how they are performing for the yr , the month and week and so on. I start my screen to see what has made a good move for the week and screen the stocks in that sector . or when the market has been rough I see which sector has not taking a big hit as to the rest of the sectors ..

5. Look for news and financials .. If the companies last quarter was positive and the stock had a little sell off it might be time to buy because it is now oversold. Stochastics will tell you that .

To sum up BAC  its a day trading stock and those guys just snipe it on a daily basis ..

I just got out or Smart balance SMBL I bought it at 5.05 and sold at 10.45  I bought it when the CCI was down ticking and the stock was oversold and the slow line was just about to cross above the fast line on stochastics .. I got lucky in between there because there was news . smart balance was buying a small company . Thatsjust luck . but follow what I said above and you will make a profit . I trade part time , because I work full time , I make a nice profit each month , and I use a regular account from Schwab .. good luck any questions feel free to ask ..



THis is really good stuff.  I will follow your steps and see where I can go.  Thank you! 
Louis_IV PM Louis_IV
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Posted: 7/12/2012 9:07:10 PM
I'm long BAC, I continue to accumulate when the price dips and average out my cost.  Bought in as high as a shade under $10.  Bought as low as $5.75.  If it goes under so will the world and then it really won't matter. They employ a quarter of the million people.   The US can't afford these institutions to tank, tehy will not allow it. I think it will come back in a year or so.  I see in around $20 in late 2013, early 2014. 
Rush51 PM Rush51
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Posted: 7/13/2012 9:08:29 AM
Louis, I applaud you for holding BAC as a long-term holding.. It has high volatility which can make many folks skittish on holding the stock ..

I think your thesis is right.. BAC has the backing of the FED (implicitly), and would not let it go under.. We've all heard much about too big too fail, and BAC fits the description.

Also, BAC is having a helluva time "digesting" the acquisition of Countrywide Financial from years ago.   The Countrywide division was one of the worst violators in the whole mortgage fiasco, and faces Billions$ in lawsuits, settlements with many folks for its bad practices.
pokerplayer1 PM pokerplayer1
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Posted: 7/22/2012 3:18:26 PM
i also like this long term, just wondering when to enter for me, once the dividend start increasing the price will rise, best to buy when others are fearful.
Paidonjok PM Paidonjok
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Posted: 7/31/2012 3:46:44 PM
BAC is definitely a long term play.  But you must take some off the table when the time comes. 

I still haven't gotten BAC yet.  I am waiting for a good price or at least some market stability.  (Good luck with that....)
Louis_IV PM Louis_IV
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Posted: 7/31/2012 4:48:55 PM

I played the buy/sell game for a bit, made a little.  Now, I buy and hold, buy more and hold.  Not going crazy but think at these prices I'm in accumulation mode.  Want to have as many shares as I can when it breaks out.  Could be years. 

....p.s., the world could completely crumble up and this thing could tank, if it does stock ownership will be the least of our worries.

wallstreetcappers PM wallstreetcappers
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Posted: 7/31/2012 7:42:06 PM
Any softness in the markets and BAC could easily be a zero..no kidding.


mainmanmainman2 PM mainmanmainman2
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Posted: 8/1/2012 7:44:58 PM
if M rMoney wins election place your bets.
jmilrod PM jmilrod
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Posted: 8/3/2012 2:48:58 PM

Blood Alcohol Content

mine is growing by the minute

Rush51 PM Rush51
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Posted: 8/4/2012 3:05:41 AM
QUOTE Originally Posted by mainmanmainman2:

if M rMoney wins election place your bets.


If Mr. Money wins the election, why limit your bet to BAC ?    He is , afterall, the  "pro-business" candidate.   


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