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BAC - Bank of America

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

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  1. Tiptopptrader

    Tiptopptrader Well-Known Member

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    No big run today but BAC did set a new 52 week high before pulling back.The sentiment is still strong a BAC bounced back to green when the selloff happened. I don't know what the next trading week will bring but you can count on the price going much higher from the mid to long term. Every time the Fed raises rates you can count on the PPS for BAC rising,

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    FastEddy and Pouie like this.
  2. Tiptopptrader

    Tiptopptrader Well-Known Member

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    U.S. stocks slump as Trump’s dollar comment rattles investors
    U.S. stocks traded lower on Tuesday as investors remained cautious in the wake of President-elect Donald Trump’s comments on the dollar as well as U.K. Prime Minister Theresa May’s speech indicating Britain will press for a firm exit from the European Union.
    http://www.marketwatch.com/story/wa...-investors-rattled-by-trump-brexit-2017-01-17

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  3. Tiptopptrader

    Tiptopptrader Well-Known Member

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    As many missed the boat on the BAC run, opportunity opening up today. For those that enter I would buy a little at a time and build up a position carefully. I am long BAC...TTT

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  4. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Nice rebound today as BAC leads the financials this morning.Did anyone buy the drop yesterday?

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  5. T0rm3nted

    T0rm3nted Moderator
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    I believe @heyimsnuffles is short BAC and GS. Would be interested to hear his reasoning.
     
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  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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    After reading the following paragraph I am even more bullish on BAC

    Fed Rate Hike to 'Have a Big Impact' on BofA: CEO (BAC)
    In other words, although the Fed did enact a 25-basis point interest rate hike in December, this had little to no effect on the quarter that ended December. Citing potential rate increases throughout the year, Moynihan – who has a goal of cutting expenses to $53 billion by year end – raised expectations, saying that the bank's net interest income will be significantly higher.
    Read more:
    http://www.investopedia.com/news/fed-rate-hike-have-big-impact-bofa-ceo-bac/#ixzz4W8tezXD5

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  7. Tiptopptrader

    Tiptopptrader Well-Known Member

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    BAC gives back slightly on low volume today as the broader markets were down. The BB's remain tight

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  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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    BAC pushing towards 23 again. Is everyone buying the pullbacks :)

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    Austin vanderweide and Pouie like this.
  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Hello 23 (again). Like a lot of stocks they may have moved to far too fast in the last two sessions. BAC came with in 1 cent of the 52 week high this morning.

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  10. Tiptopptrader

    Tiptopptrader Well-Known Member

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    It took a big rally to do it but BAC sets a new 52 week high. Like they say in sports a W is a W

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  11. Wolfy

    Wolfy Active Member

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    Closed my BAC positions at 23 and switched to XLF for hold/sell covered calls
    BAC has a headwind that it may have to write off a large chunk of tax benefit receivable if Trump decide to lower the corporate tax
     
  12. Tiptopptrader

    Tiptopptrader Well-Known Member

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    BAC may be getting a little tired and may need a breather before long but still sets a new 52 week high.

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  13. Tiptopptrader

    Tiptopptrader Well-Known Member

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    There's the breather but it took a a market melt down for it to happen

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  14. StockJock-e

    StockJock-e Brew Master
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    Wait to see the Fed make a move in March... I think BAC sells of a bit between here and then.
     
  15. StockJock-e

    StockJock-e Brew Master
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    Solid break out after going sideways for a while.

    +$24 move here
     
  16. Austin vanderweide

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    It was a great day for me on the market as BAC is my largest position.
     
  17. T0rm3nted

    T0rm3nted Moderator
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    The breakout continues

    upload_2017-2-21_8-52-40.png
     
  18. T0rm3nted

    T0rm3nted Moderator
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    If you believe in the financials, this looks like a decent entry point coming up. Sitting at the lower BB and 50MA approaching to act as support as well. Nice little pull back from almost $26

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  19. StockJock-e

    StockJock-e Brew Master
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    Biggest single day drop I have seen in BAC for a LONNGGGGG time!
     
  20. T0rm3nted

    T0rm3nted Moderator
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    Hopefully nobody got in yesterday, I apparently was wrong!
     

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