Should I buy BAC?

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

1 dolla

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Honestly, what should be the best price for BAC?  I'd seen this stock below $6 before. 

You should see it below $6 again

this steamy pile of dung has no PE ratio......buy at your own risk

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!

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 ..

bac

THis is really good stuff.  I will follow your steps and see where I can go.  Thank you! 

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. 

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.

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.

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....)

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.

Any softness in the markets and BAC could easily be a zero..no kidding.

if M rMoney wins election place your bets.

Blood Alcohol Content

mine is growing by the minute

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