BAC short.

DuyLe · Feb 4, 2013

Initiating a short in BAC. Market looks like in correction mode. BAC has been the laggard of the financials the entire run. SHORT 11.50 X 11.60 for stop. Target 1: 11.00, Target 2: 10.50 range. May do an add on once the 60m 20ma rolls over and i get another sell set up.

Wide Tailz · Feb 4, 2013

I've been watching this one today. I see that little consolidation pattern that you bracketed.

diablo11 · Feb 5, 2013

Theres probably better stuff to short than something trading below tangible book value.

probe1957 · Feb 5, 2013

Quote from diablo11:

Theres probably better stuff to short than something trading below tangible book value.

Doesn't matter now. He has been stopped out.

mgabriel01 · Feb 5, 2013

Quote from diablo11:

Theres probably better stuff to short than something trading below tangible book value.

aapl

DuyLe · Feb 5, 2013

I did.

Took2Summit · Feb 5, 2013

Quote from diablo11:

Theres probably better stuff to short than something trading below tangible book value.

not only is there better stuff to short then something under tangible, but he also said BAC has been the laggard, what other financial company went up about 100% last year?

probe1957 · Feb 5, 2013

Quote from Took2Summit:

not only is there better stuff to short then something under tangible, but he also said BAC has been the laggard, what other financial company went up about 100% last year?

He is probably listening to Jim Cramer.

Mr Super Trader · Feb 5, 2013

Quote from mgabriel01:

aapl

Apple may continue to ralley. It bounced real nice off it's 38.2% fib retracement level of 435.00. Technicals obviously still bearish though.

mgabriel01 · Feb 5, 2013

Quote from Mr Super Trader:

Apple may continue to ralley. It bounced real nice off it's 38.2% fib retracement level of 435.00. Technicals obviously still bearish though.

Yeah, I'm just poking fun
I have no idea where aapl is going