BAC - Bank of America

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Stockaholic, 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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    #221 Tiptopptrader, Jan 13, 2017
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  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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    #222 Tiptopptrader, Jan 17, 2017
  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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    #223 Tiptopptrader, Jan 17, 2017
  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?

    upload_2017-1-18_7-26-29.png
     
    #224 Tiptopptrader, Jan 18, 2017
  5. T0rm3nted

    T0rm3nted Moderator
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    I believe @heyimsnuffles is short BAC and GS. Would be interested to hear his reasoning.
     
    #225 T0rm3nted, Jan 18, 2017
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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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    #226 Tiptopptrader, Jan 18, 2017
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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

    upload_2017-1-23_13-9-39.png

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    #227 Tiptopptrader, Jan 23, 2017
  8. Tiptopptrader

    Tiptopptrader Well-Known Member

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

    upload_2017-1-24_8-22-46.png
     
    #228 Tiptopptrader, Jan 24, 2017
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  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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    #229 Tiptopptrader, Jan 25, 2017
  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

    upload_2017-1-25_13-23-18.png
     
    #230 Tiptopptrader, Jan 25, 2017
  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
     
    #231 Wolfy, Jan 25, 2017
  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.

    upload_2017-1-26_7-34-45.png
     
    #232 Tiptopptrader, Jan 26, 2017
  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

    upload_2017-1-30_9-14-23.png
     
    #233 Tiptopptrader, Jan 30, 2017
  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.
     
    #234 StockJock-e, Jan 30, 2017
  15. StockJock-e

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

    +$24 move here
     
    #235 StockJock-e, Feb 14, 2017
  16. Austin vanderweide

    Austin vanderweide Active Member

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    It was a great day for me on the market as BAC is my largest position.
     
    #236 Austin vanderweide, Feb 14, 2017
  17. T0rm3nted

    T0rm3nted Moderator
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    The breakout continues

    upload_2017-2-21_8-52-40.png
     
    #237 T0rm3nted, Feb 21, 2017
  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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    #238 T0rm3nted, Mar 20, 2017
  19. StockJock-e

    StockJock-e Brew Master
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    Biggest single day drop I have seen in BAC for a LONNGGGGG time!
     
    #239 StockJock-e, Mar 21, 2017
  20. T0rm3nted

    T0rm3nted Moderator
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    Hopefully nobody got in yesterday, I apparently was wrong!
     
    #240 T0rm3nted, Mar 21, 2017
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