Bac

[347Mike]

Does almost 20%. What do you guys think will happen tomorrow? Do you think it will drop a little more or spike up tomorrow?

[Skidmark]

I think BAC is a terrorist...

[bcoop]

I think BAC is a terrorist...

I am indeed.

[STANGGT40]

down over 20% and profit is up...strange.

[347Mike]

down over 20% and profit is up...strange.

I just noticed it was down 20% and I missed out when it bottomed out at $2.50. Im wanting to get in this time but im curious if people think it will drop lower than it is currently at $8.50.

[Sean88gt]

I need disposable play money to dump in stocks right now:mad:

[thesource]

Tough to say...... I think the honeymoon is over for bank profits and traders are taking their profits.

[347Mike]

Ended the day down 24.34%. Im stumped. I will probably just hold off and see what it does tomorrow. If it drops again anything like it did today then ill jump aboard. If it goes up, then it goes up. Atleast I won't be negative again.

[AL P]

Buy the calls, Jan 10 $40 are dirt cheap. If the stock goes to $15 before August you will double your money.

[347Mike]

I think it will see $6s before it goes back up. jmo though.

[Nate]

I think it will see $6s before it goes back up. jmo though.

Mike, what in the hell makes you think that?

[thesource]

Its getting hammered this morning in premarket along with just about everything else. Looks like a lot of red today.......

[Nate]

I'm thinking about taking some of the profit I turned on DRYS and seeing if I can make a buck or two on BAC in the next few months.

[347Mike]

Mike, what in the hell makes you think that?

A few things - Considering their quarterly postings that were released recently which made it drop 20% yesterday, the pre-market and the fact that its low for today was almost in the 6s ($7.00), I think $6xx is solid support. just a few reasons. I am not buying anything over $7.00 right now anyways.

Like I said, it was just my opinion.

[AL P]

I think what they say is crap and I have thought that for a while. That is why i like the calls though, you risk little and the reward is huge if the stock takes off. The CEO from what i have seen is all about under promising and then over delivering. How can they not make money when they can get it at the Fed for practically nothing and lend it out at fat rates in a world that is hungry for credit? I have a hard time thinking they can't make money in that scenario, take my opinion for what it is worth (jack shit). You will see the analysts revise their earnings for the rest of 2009 and that is probably when the stock takes off.