Bank Of America

[JOHNCOUCH]

SINCE BAC CUT DIVIDEND FROM .32 TO .O1 FOR THE NEXT THREE YEARS, WHAT DO THINK THE STOCK WILL DO IN THE NEXT THREE TO FOUR MONTHS. IT CLOSED AT $7.18 ON 1/16/09 AND HAD TREMENDOUS VOLUME AND VOLATILITY, MOSTLY DOWN. THIS COULD BE A GREAT DAY TRADE STOCK IF THE MARKET GOES UP ON THE DAY OF INAUGAURATION OR THE STOCK TRIES TO ESTABLISH A NEW LEVEL. I AM AFRAID IT WILL LEVEL OUT AT $4.OO AS CITIBANK DID. WHAT ARE YOUR THOUGHTS?

 

[ItermBonds]

I have been flirting with selling some of those Jan 2011 $2.50 strike puts that are at a huge premium right now.

 

[nonlinear5]

Quote from JOHNCOUCH:

WHAT ARE YOUR THOUGHTS?

I think you need a new keyboard.

 

[nazzdack]

Quote from JOHNCOUCH
......THOUGHTS?

1) Press the "Caps Lock" key on your keyboard.
2) To fall below $10/share is usually a "death sentence" for a stock. The same thing with $5/share too.
3) BAC should trade with "large" volume and volatility making it a good daytrading vehicle until it ever settles down.

 

[capmac]

Heading to zero...

 

[cuzzin_elias]

Ain't nuthin in life free cept' a bullet. Remember that.

 

[reno4nook]

rough day today


America's 2 largest banks down each down 14% today.

Bank index hit lowest level EVER

Dow Jones hit lowest level since 2002

Inflation up huge amount in January

Crude oil up 12%

 

[Melicious]

So gimme some advice here...should I short BAC here? Is it still going down from here?