Bank Of America is in play again now that it has retraced its latest rally by almost 30% already.
I will add more into my BAC position at $12.2
And another set at $11.80
It’s about time to accumulate more financials.
---> With regards to market correction, it will be a small 2 – 5% market correction. More investors at the sidelines will come in.
The mood has changed so much, but I will not buy stocks that have appreciated 50% since September, rather I will look for the cheaper ones such as Financials that have only gone up by 10%.
I think there will be a market consolidations where laggards like BAC and JPM will climb upwards while strong leaders may start to correct…
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A nasty robbery took place around my neighborhood.
This is 185 Bleecker Street.
2 comments:
Maybe you buy BAC @ 10.88 as you said before two weeks ago.
Hi tolits... I hope I can, but it seems that the correction is hard to come with this QE2... and financials are still undervalued.
I already got in BAC at $11.3, $11.5... and some more at $11.8.
I have sold some lately when u closed ur positions of BAC at around $12.6
I reentered at $12.25 and will add more at $11.8
It's all trading i guess.
Tell me ur next good pick.
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