Bank of America Corporation (NYSE:BAC)

Strategy Session July 17th, 2019

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  • champ: $GWPH, still zig-zagging higher, posted about this huge News event, the $BAC/Merrill HeathCare Conference, still on going, in Vegas.
  • champ: $GWPH ...I posted about a large New-Event, that this company will be having tomorrow...in Vegas. This is a huge $BAC/Merrill Lynch Healthcare Conference, this one could move this stock. A little R&R for doctors this week, they can write this trip off. Place my bet, give me a 4 and 8, No, put it on the hard 4 & 8, the hard way.
  • traderbren: $BAC - looks constructive here for a continued move to the upside.
  • geotheo: $BAC Nicely above its recent highs. Lower volume, but $BAC looks to be moving up from here.
  • traderbren: $BA and $BAC - trading well in this tape.
  • Jazman0013: $BAC sold partial position at 20% gain. Looking into replacement bank stocks. $WFC was one but I don't love the chart. Going through them now.
  • Jazman0013: I have been doing some trimming and rebalancing today. Notable $PSEC selling from the levels I added to at 6.56. $BAC halved for 20% gain. Purchased more $AGNC. Wanted to get more before the ex date coming up. Looking at replacement Bank stocks but not seeing much I like. My favorite banks to deal with have lame charts for the most part.
  • champ: Analyst Actions, Update...$FANG..@ $108..#Day-4 ...dancing around, zig-zagging higher. The average rating among the Oil-analysts is a buy, with a price target of $160...$BAC, just raised their target to $165, from $154, on 4/16. ......However, the requirement for #Profits-is-Patiences...no-patiences-no-profits, we have too wait to be rewarded. It is almost impossible to find a stock without risk. For now, this is the best one that I can find, that is still lagging, with all of these upgrades This stock should or will beat on earnings, is why the price target is 50% higher, from this current price. The stock will zig-zag higher before earnings, on 5/7. $FANG, could be the top-pick, out of all the major Oil producers in the sector but I'm holding other positions also.... And $PXD, just keeps climbing...ER is on 5/6. ......The bottom line is...the guessing game continues, this is my guess.
  • champ: $FANG @ $106 ----- Watch this stock, this appears to be lagging and $BAC has this stock as a #buy, with a target of $165. ER on 5/7/after confirmed. Sure looks like a low risk entry....but you never know. I have a position.
  • wijimmy: @champ $FANG $BAC #buy $FANG... started a NP looking for earnings run....Chase/JP Morgan has it at Overweight $148 with a trade of...Diamondback Energy (FANG) Showing Support Near $103.68

    Apr 16, 2019 (Marketintelligencecenter.com via COMTEX News Ne ...
  • champ: @grcjr $FANG $PXD $APC #buy ---- No this is a quality company, that is lagging. With an upgrade by $BAC, with a 60%, upside price target, at $165 and they just #raised it from $155. Think about that.....There is know news about M&A...but M&A ...
  • traderbren: $BAC - bullish action after today's move lower. Could end the day with a bullish hammer.
  • DAN: ...
    champ $C $JPM $GS $BAC $MS $SCHW $CMA $BK $NFLX $IBM $CSX $UAL
    08:47 PM 04/14/2019#Trading-idea's, a lot of ways to make money, when the markets are climbing the "Wall of Worry". For now, I'm currently in the markets...with 34 positi ...
  • champ: $BAC $MS $C ....watching the banks dance around or maybe I should say stumble around ....still holding these positions.
  • champ: @CraigReynolds $DJI #no-one-knows --- For me, I didn't learn anything in the PM, this morning and I'm still holding my small swing with $C but I could have a problem because I'm still holding both of my swings with...$BAC and $MS. My plan is to swing both positions into earnings....that could be a problem....however, I don't have to make any #decisions, until right before the close today.
  • CraigReynolds: @champ $DJI $C $BAC $MS #no-one-knows #decisions Understand doing same with $MS. Not sure what right before close tells you except buying/selling then, they are all guessing. With earnings coming out pre market, you never know how market will read information after open. Earnings is a different type of swing with zeal added. You sure understand better than anyone.
  • champ: @CraigReynolds $DJI $C $BAC $MS #no-one-knows #decisions --- It only shows you, how others are thinking. Could have a move in either directions...
    .....The bottom line is... I don't have to make any decisions now, on my stock positions or on market d ...
  • CraigReynolds: @champ $DJI $C $BAC $MS #no-one-knows #decisions #going-to-save-my-guess For for the flag
  • champ: $BAC...out 3/4th, going into earnings, took profits. $C and $MS ...also took profits. Interest rates were dropping.. again today
  • champ: ...
    .......$BAC, it is up to this bank, to keep the markets on track, in the morning. I'm swinging a small position, into earnings.
    $C, needed to have a nice beat on earnings this morning and that didn't happen...only a small beat on the top line and ...
  • champ: ...
    .......On a positive market, like what happen on Friday, 4 12...off of that record setting top and bottom line earnings news, I add more risk but I drop that risk back, on the close.
    Could have another real positive earnings report, before Monday's ...
  • champ: @geotheo ----#Recapping-now....in the quiet hours, need to be focus because Monday and Tuesday could be nice days for profit. $C and $BAC, could really move the banks.
    ........Will also be looking at all the names in the #energy-sector, for earnings ...
  • CraigReynolds: @champ $C $BAC #Recapping-now #energy-sector #real-time #Recapping Seems you have less of a problem with fast moving situations them most others, handling an amazing amount of trades.. I can only handle a sectors or two, and stocks in those sectors I'm trading through out day. Add with that trying to stay on top with what is happening in SMM, I loss focus at times. When that happens, bad things happen. With Briefing Trader and trading focus, a person can't do anything else well period. I sure do appreciate you taking time to share what is going on in your World with us less fortunate. Your more of a spring chicken than I am in the Focus area. Have a nice weekend.
  • geotheo: @champ $C $BAC #Recapping-now #energy-sector #real-time #Recapping Wasn't looking for any particular news but since your post was a new thread it seemed odd that you'd post that there is news on fox business, as there always is. Maybe you were respon ...
  • champ: @geotheo $C $BAC ---- We are talking about stocks here and market moving news only. Honestly, that is the only type of news that I care about. I follow FoxBusiness, for market moving news. I'm waiting for live real time News on the China, trade agree ...
  • captron: @champ $C $BAC $MS $FAS #not-working . -Nicely put Champ. However, according to my grandson ,who works for a large money manager on wall street, the money boys have gotten used to the rhetoric of POTUS. It's not like it was when he first started tweeting and everybody panicked. Most of the time my news is muted and I depend on News flashes on stocks I own. That has been my observation also. Enjoy your weekend.
  • champ: $CVX @ $119.76...down -$6.23 on the close and LOD was $119.00. Watch this stock because it could bounce... This stock had 2-upgrades on Friday... $BAC, with a buy and a target of $140.00. $MS, overweight...with as target of $150.00. Other upgrades could follow. I have a New spec swing position and posted.
  • grcjr: $GS $BAC $JPM - these and others up nicely following $JPM earnings. I'm looking to add to $GS.
  • grcjr: @Forexpro $GS $BAC $JPM $WFC - thanks.
  • Forexpro: @grcjr $GS $BAC $JPM Hi, Grcjr, I've only done a cursory survey, but it appears that the bulk of the positive surprises in $JPM's report came from the consumer bank (mortgages, credit cards, etc.), and $GS doesn't have those, as yet. Probably bodes better for $BAC and, possibly, even $WFC. Just a thought; there are still plenty of talented, avaricious people running around 200 West Street, and it is entirely possible that they've figured out other ways to squeeze dollars from stones. Best of luck with it!
  • grcjr: @Forexpro $GS $BAC $JPM $WFC - $GS is moving up nicely before and after the open.
  • Forexpro: @grcjr $GS $BAC $JPM $WFC

    Cool, Grcjr,

    I'm not surprised, as $JPM is likely to help pull all of the bulge-bracket outfits higher. It's just a question of whether $GS can replicate the quality of $JPM's results when the time comes. FWIW, what I con ...
  • champ: $BAC....all the banks had great, entries on the drop this morning, still not too late...$FAS, this ETF, is one to swing over the weekend...for those who want to add risk in the sector...watch it.
  • champ: $MS @$46.40 ....watch this one also, they report behind $GS, on 4/17....could be a real nice short-term swing trade....we will see how these positions... play-out going into the close today....#because $C, reports on Monday morning, $BAC, on Tuesday.....have to swing for profits....my guess is both $C and $BAC, will report nice profits....and I have been posting about that for weeks.. ........$BAC, just raised employees wages... see my post on what the CEO, said on 3/14...under the heading #Banking-names, for those who want to take look ...just click on this blue hash-tag. However..BAC, just raised wages on Tuesday, 4/9....they did this because of strong earnings....before they report ER, for me , these are clues that they should have a nice beat...see post.
  • champ: $JPM....this is the News on this bank...they reported record top and bottom-line numbers for the quarter...the key word to look at is #Record. I believe the other banks will do the same....especially $BAC and $C. This could be a breakout-quarter for ...
  • mopick: @champ $JPM $BAC $C #Record #guess, you're forgetting Trump's tariff threat against Europe / cars. That's on his agenda next, not good!
  • champ: @mopick $JPM $BAC $C #Record #guess --- They are very close now, to a deal....that news is being reported daily. They will never move, unless they are pushed...it is about equal tariffs, is all that is. That is around $150B, per month, that is $1.8 trillion $$$'s per year. That would pay for Health Care. We are paying for their Health Care, what's up with that, know reason to do that.
  • champ: $BAC $C $MS $FAS....we will see what these banks do...on the close...not now...right before the close
  • Forexpro: Re: $BAC Hi, Friends, According to ToS' Trade Flash, some enterprising soul did a buy/write on $BAC 6,200 times. May monthly calls, 30 strike, so 36 days to go (and an earnings report, of course). The price was, reportedly, 0.56. Just caught my eye, and thought I'd share; all the best!
  • antfarm: @Forexpro $BAC Kevin. Just in from the barn. I jtook a look at the BAC option chart just for grins. There were two 6200 option groups at .56. One group at 12:35 and another at 12:45 on a five minute chart. Hmmm
  • Nepenthe: @champ $X $CLF #infrastructure Patience is indeed key with it. It also helps that it's working again within identifiable, workable technical metrics after its breakdown. FWIW, I added a bit to $XOM at the 20ma, playing around my core position, and though I've cut back a bit on $BAC, I've heeded your thoughts on it too. Thanks again for your commentary. Cheers.
  • champ: @Nepenthe $X $CLF $XOM $BAC #infrastructure --- Anytime, but honestly, as we all know, everything that we do in the markets, involves risk.
    .....On $BAC, I sure didn't want to back-out of this stock but I had really nice profits and with $JPM, repor ...
  • Nepenthe: @champ $X $CLF $XOM $BAC $JPM $CVX #infrastructure #could #same-time Got it all covered. The risk, that is. Cheers.
  • champ: $FAS $BAC $C $GS....I took profits on these financials positions today...banks...because $BAC, announced that they will increase their minimum wage to $17 on May 1st, followed by incremental increases to $20 per hour by 2021. Because I need to see how the banks handle this new News. However, this will have a negative effect on earnings, in the future. ......#Earnings, must be looking positive going forward or they wouldn't made this decision to raise wages. .......This was a #Great surprise for employees and for the President, because he wants wages to rise, on these type of employees. This is positive for all employees in the U.S. .......I would like to add back these positions, at some point. I hope that will be real soon, at a lower price. A future #Hope-Trade.
  • Jazman0013: Been a long time since I have spent much time in here. Missed it. Good to be back. Getting back in the saddle has been a great challenge. Long $AAPL, $BAC, $DG, $DIS, $GG, $HES, $MDLZ, $NFLX, $NRZ, $NSC, $SLV, $EARN and $PSEC Mostly holding steady and adjusting present positions.
  • champ: $XLF...Financials...Banks stocks are now being held back...because Maxine Waters, the chairwomen of the House Financial Services Committee, has the CEO's of $JPM, $BAC $GS $MS $STT $BK ...will be in front of her on Wednesday, 9:00 ET, that will be fun, if they have it on live. $JPM's CEO, James Dimon, will have a lot to say to her...I can't wait.
  • schartline: @Sher $DELL $ABBV $HOME $BAC $LL $RIOT $GLUU $VIPS $CRBP $VIPS do I understand correctly that you took partial profits but that its also strong and you are still very long with apr/may calls? Thanks
  • champ: ...
    .......$FAS, $BAC, $C and $GS...are my positions in this sector...I post about the banks, turning into earnings. Profits have been climbing and I'm waiting to add to these positions. I'm holding nice size in $BAC... but I would like to add.
    ..... ...
  • Robert1965: @champ $BAC have you added on the slight pull back, I am looking to add
  • champ: @Robert1965 $BAC ---- I'm thinking about it...and what I came up with, I'm going to watch the close...I'm also holding $FAS $C and $GS....and I'm thinking about adding..1 new trading position...I'm looking for the best target and I like all...but a safety add-on, would have to be...$BAC, because of my research. The risk is, the close today and Monday's open. ......I believe and my guess is $BAC, has to be on the top of the list, in the sector, on the majors...because of everything the the CEO, said...I had a post on what he said. .....Maybe watch...both of these for direction...$FAS and $GS.
  • Robert1965: @champ $BAC $FAS $C $GS I am also in $FAS looking for direction for both also watching $MS for dirction
  • champ: @Robert1965 $BAC $FAS $C $GS $MS ---- I have it right in front of me...$MS..NP...ER..4/17
  • Forexpro: Re: Banks, Correlations HI, Friends, I'm just noodling around, and ran some correlations of the largest commercial banks over the past 20 trading sessions, so during roughly the past month. The chart is of $JPM (daily). Look below, and you'll see that it's moving in lockstep with $BAC (.98) and that it's very closely aligned with $C (.94). The sort-of odd duck, at .68, is $WFC. That could be for better, or for worse. Over the past while, it's been for the latter; since their respective lows on Mar 25, as of around 2:54 EDT, $JPM is up 7.47 percent, $BAC 9.47 percent, $C 9.31 percent and $WFC 1.96 percent. Hope your day is going well; all the best!
  • champ: @Forexpro $JPM $BAC $C $WFC ---- A great info post...#Thanks
  • Forexpro: @champ $JPM $BAC $C $WFC #Thanks You're very welcome, Champ. Hope your day is going well; we're almost there.
  • Sher: $DELL - New long call position, May $62.50... $ABBV - Took advantage of AM pop and took profits on call position for a nice 2-day trade - This one fluctuates a fair amount, intra-day, and is more of a trading stock for me. $HOME - New position (June calls) - Cheap stock - Working with $BAC on possible sale - 50% retracement following earnings sell-off. $LL - New position - Like the chart, here - Riding along the 8-day MA and back above VWAP. $RIOT - New position - Long shares. 11:05 AM 04/05/2019 $GLUU - Took nice gains on April calls at HOD - 3-day trade. $VIPS - Took partial profits... $CRBP - Top pot performer, today - Holding April $7.50 calls... $VIPS - Strong... Very long April/May calls...
  • champ: $BAC...HOD ..new recent high Day-6 ..$C and $GS are also still working on this recent sector turn. Still holding full on all 3.
  • champ: @BocaRick $MLCO $CZR $XME $XLF #CNBC #NAJARIAN --- On $CZR, I'm holding size. $XME ...on a China, deal, certain names will move, check out $TECK, CMC $CLF, I'm holding these positions, check out my long post on $CMC, when you have time. $FAS, on this sector, I'm swinging this ETF and $BAC, $C and $GS. Out $MLCO, for now.
  • champ: $BAC $C $GS $KWERB....looking positive....I'm still holding swings.
  • champ: $BAC...slow....$C...medium or $GS...moves faster. Depends how fast you like to drive.
  • champ: $BAC ...HOD...I'm still holding my #Full-position....still moving up into earnings. I'm also holding positions in $C and $GS. All the major are working...going into earnings, happens every quarter but this quarter, my guess-is, they are all going to beat on earnings.
  • champ: @CraigReynolds ---- $BAC @ $28.65 ....Thanks, for the alert post. I posted an info post, on 3/14 under #Banking-names, on why I'm guessing $BAC, is going to have a strong beat on earnings, off of what this CEO said, earlier this month. Just click this Blue heading to bring up that post.
  • Forexpro: @CraigReynolds Thanks, CraigReynolds, And he always looks sincere while he's doing it. If the yield curve continues to "not flatten further", $BAC should do well, and it will do even better in anticipation of good times to come if the curve actually indulges in some steepening. Given a tailwind from rates, the place should be an operating gold mine without all of the extraction hassles. You'll note on the attached chart that it has been almost completely uncorrelated - neither positively nor inversely - with the $SPX over the past month. On the daily chart, it's on the verge of breaking back into an uptrend; just needs a close above 28.79. It should have seen the bottom for this move, even if it pulls back a bit. Hope you're faring well; all the best!
  • champ: @CraigReynolds @Forexpro $BAC $SPX ---- Yes, but trade the now...for now and always be aware of the future. However, 9-trading days left before earnings...they will report 4/16. $JPM on 4/12 and $C on 4/15 will be pushing $BAC, stock higher off of their earnings also. .....There is plenty of time to think about a long term position but this is not really the time for that. Need to watch and see how you're #if plays out. Take Care!
  • champ: @CraigReynolds $CHD ----- This is a wait and watch the news, on this stock because there is M&A news and that could have also been another reason, for that drop on Friday, off of the ATH turn...that had above average #Red volume. Also $BAC, upgraded this stock from #underperform-to-only-Neutral, not really a strong upgrade. .......So far this stock has only turned off of the ATH. Traders and investors, will take profits if it drops any further. The average rating is only a hold on this stock. ........Only watch for stocks with strong news, not weak news. .......Think about adding to one of your existing positions, that is working.....but only off of #market-timing, for an add-on entry...or sector-timing, off of New news. .......For me, this stock is not even worth watching....and is not a very good risk reward candidate, at all..IMO. LOL
  • CraigReynolds: @champ $CHD $BAC #Red #underperform-to-only-Neutral #market-timing Yes, understand. Focusing on current holdings as they work. Looking to sell when they turn. May be today or a day or two. Watching news that effects sectors I'm getting laser focused on my plan and working plan until it stops working. Ready to turn when needed. Able to watch my small number of holdings instead of market. Tired of following the wind. Watching SMM for ideas, a lot of great traders. So many different trading processes that work but you can't work them all which has been one of my problems. Doing own research, news, fundamentals and reasons to buy or discard. Looking for singles at this time. They add up to runs. Tired of a couple of singles, then three strike outs. Loosing game. See you in Forum and thanks for your continuing helps and ideas.
  • champ: $FAS $BAC...HOD...is this sector turning, before earnings...hard to know....however, as of now it is...don't really know about an hour from now....but watch your target.
  • champ: $BAC...HOD ...still strong...what is going on, are these stocks going to move-up before earnings, like I have been posting, is there still easy $$$,s.
  • champ: @Forexpro $XLF $BAC $GS ...HOD---- Are investors stupid or smart....traders were ready for this move days ago. All the major bank should beat on earnings, is what I have been posting. Just saying ...it really doesn't matter who is right or not...need to be in a sector when it is turning, should or might continue....there #are reasons why, I posted those about those reasons. All need to focus on what is happening, what we are seeing, for profits...let the Feds focus on numbers, maybe they will get the numbers right, sometime soon. LOL.
  • Forexpro: @champ $XLF $BAC $GS #are

    Thanks, Champ,

    You're apparently more confident than "the market" (or me) that you know what earnings are going to look like, and what the forecasts of future earnings are going to be when CFOs talk to the anal ...
  • champ: $BAC...+ $0.88...HOD
  • champ: $BAC $FAS $KWEB $HD $LOW $FND $USCR $XOM $LBRT $FTSI $EOG ....all of these are all hold and be rewarded swing trades, that I'm holding and I have been posting on these positions. Also still hold others...
  • Robert1965: @champ $BAC $FAS $KWEB $HD $LOW $FND $USCR $XOM $LBRT $FTSI $EOG Are still in $FANG
  • champ: $GS $C.....took profits on 1/2, on both ...swinging the other 1/2 of risk into the open......and $BAC...I'm still swinging my full position because it is also strong, can't swing full positions in all of these positions because of risk management.....but I'm also still holding this ETF... $FAS, my #Spec-hope-trade, that covers the sector.
  • Robert1965: @champ $GS $C $BAC $FAS #Spec-hope-trade Swing $BAC, took 1/4 profits on $FAS , what are looking for on $FAS
  • gwenzee: @mariemicheles Best to always do your own research. Do not rely on what others are doing. We are all different with varied backgrounds, trading experience, portfolio size, risk tolerance, etc. etc. Rely on yourself. Learn how to read charts and understand what the charts are telling you not any talking heads. Also, when talking about a stock ALWAYS precede the stock symbol with a $. $BAC If you want to get somone's attention ALWAYS precede their name with @, i.e. @Dan or @Gwenzee, etc.
  • champ: @gwenzee $BAC --- I agree, absolutely great advice, on all the topics that you covered...and I have also been posting, that all stock post in the forum, are only stock #ideas and should be follow up by research. .....However, in this case, his post and question was about taking profits, selling. Do you have any advice, that could help him. Just saying....
  • Forexpro: ...
    As I mentioned on Wednesday, I did take the opportunity to lighten up in $CHD yesterday. I'll look to start adding back in around 67.50. I hope. I'm rather pleased with how this trade has developed. The E-minis are up 11 and change, to 2832.75, call ...
  • champ: $BAC ...watch this sector, in the coming days....all of the majors, will be going into earnings ....$JPM, will be first to report on 4/12.
  • grcjr: @champ $JPM 4/12 before open $BAC 4/16 before open $GS 4/15 before open $MS 4/17 before open $C 4/15 before open $WFC 4/12 before open $STT 4/23 before open
  • champ: @grcjr $JPM $BAC $GS $MS $C $WFC $STT---- Yes, that's it...just follow the leaders, for direction. $FAS, might start spreading some $$$'s around.
  • champ: ...
    .......$BAC... $0.26 had a great day, especially for all those who are holding size. Volume..was higher than the 5-10 and 20 day averages. It is obvious, that the sector is trying to turn, before earnings. However, this sector, like all stocks and ...
  • champ: $XLF..$BAC @ $27.00 --- A few banks #might move-up, before earnings...but investors can't really take on any new positions, in the sector.... until $BAC, or the sector...tells you, to watch. Monday was entry and I'm waiting to add...and watching othe ...
  • champ: $DJI...nice close, on positive news. However, I'm still mostly on hold...and my only add-on today, was to my $BAC, position. I also took profits on $LGIH, on the open....and took profits on $TNA, my only Day-Trade. I'm swinging many positions and I ...
  • CraigReynolds: @champ $DJI $BAC $LGIH $TNA Thanks for your posts the last few days, great help, especially staying focused. Have a few China positions that are small just to keep an eye on this group. Looking to add also. Have day traded a few. I need to be careful with a small account that I don't get over extended. When does the overseas/Asia markets open?
  • Forexpro: @CraigReynolds $DJI $BAC $LGIH $TNA Hi, CraigReynolds, Hope you're doing well. I'm of course not to be confused with Champ, but if you care about Chinese shares, Hong Kong is 12 hours removed from Eastern Daylight Time, which is pretty convenient. That market opens at 9:30 PM EDT. If I'm not mistaken, that will also work for Shanghai. All the best!
  • Forexpro: ...
    And then, there's $BAC. Given any kind of encouragement by the macro environment, $BAC should be a winner. It has a huge branch network that provides plenty of ammo in the form of free or nearly free deposits that can then be loaned at "not fre ...
  • CraigReynolds: @Forexpro $DJI $BAC $LGIH $TNA Thanks. Just learning and interested how those markets open. Nice the time difference.
  • champ: @CraigReynolds $DJI $BAC $LGIH $TNA ---- YW, anytime....it looks like everything moved-up, in our AH's market. I'm swinging risk but I'm now thinking, that I should have added more risk going into the close. I did not chase in the AH's. As of now, e ...
  • CraigReynolds: @champ $DJI $BAC $LGIH $TNA No Bloomberg, will look around. I thing CNBC may have pre-markets. Thanks sir.
  • champ: @CraigReynolds $DJI $BAC $LGIH $TNA ---- I guess, you don't have an account at Schwab. You might want to think about moving...just saying. Yes.. CNBC, is a must watch in the pre-market, until 10:00 ET... and then I switch over to FoxBusiness. ........Pay attention to who Cramer, says he will have on his #show, later in the day...certain names can move off of that CEO news. (Cramer, comes on at 9:00 ET.) He can be nice for helping, on a daily set-up. Then that move can continue, on the open on the following day.... and if Cramer pumps, the move could be a real nice surprise....profits can be great on an overnight swing, sometimes he keeps pumping...but remember only on certain names but don't tell anyone. However, they might not ask him, until around 9:50-10:00 ET. Take a look!
  • champ: @mariemicheles --- $BAC@ $27.33, moving up a little off of the recent 3/25 low. The time to sell was on the high turn, at around 30--$29 $$$'s, on or around 3/19. Now $BAC, could be turning and started on 3/25, should move up into earnings...that is ...
  • Cokeman1959: @champ $BAC I'm usually happy with the “sell half your position” theory. Like Dan says, if the 2nd half loses value, you’ll be glad you sold the first half. And if the 2nd half gains value, you’ll be glad you still have it.
  • champ: @Cokeman1959 $BAC --- Yes, if your boss was to says I'm sorry, I can't pay you today, I didn't make any money, most would quit. Always Pay yourself and swing the other 1/2 of your position with insurance profits. You can't lose the profits that you b ...
  • champ: ...
    ......The markets are still down 300 points, from Monday's close. But picked-up 160 points in the last 2-days, could get as little more tomorrow....because the market had a strong close today. New $$$'s moving back-in....but they will continue to ta ...
  • Forexpro: Re; $VFH Hi, Friends, I find that this Vanguard ETF better represents bulge-bracket financials than does $KBE, which is dominated by larger regional types. Top holdings, in order, are $JPM, $BAC, $BRK/B, $WFC, $C, $USB, $AXP, $GS, $CME and $CB. These ten tickers are 42.6 percent of the portfolio. $KBE's regional bank holdings percentage is 78.75 percent. Anyway, with that said, it isn't off to the strongest possible start, following through, to some extent, on yesterday's post-FOMC weakness. All the best!
  • Nepenthe: @bRobert $XLF $BAC Didn't like the Fed announcement. Quite a sell off: normal, or more pain, do you think? Cheers.
  • bRobert: @Nepenthe $XLF $BAC The positive spin is that you will have a better entry. Near the bottom of the trading range. We will look for where support/buyers enter. Bounce off support and trading range continues. Range breakdown and gap fill XLF $24.75. I trade the price action. No predictions. No edge.
  • champ: @bRobert @Nepenthe $XLF $BAC --- I posted yesterday, that I took profits on $BAC...because of the turn, off the high....everything in the sector turned. #Forum members need to follow sectors closely, for sector turns or follow my posts because I post, about these type of turns. Posts-in-the-Forum, helps for this type of news...reading #Forum-Posts....can saves profits. Just saying...LOL.
  • Nepenthe: @champ $XLF $BAC #Forum #Forum-Posts Oh, I heard you loud and clear yesterday. I did the same. I held some into today but stopped myself out early. Cheers.
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Bank of America Corporation is a bank holding and a financial holding company. Through its subsidiaries, the Company provides banking and non-banking financial services and products throughout the United States and in selected international markets.

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