Bullish on B of A

I am bullish on B of A (BAC) . Its just under $17 a share . I picked up quite a bit when it was much lower . I see where the 1 year target estimate is for $21 plus . Still lots of room to make some decent bling on this one .

A good friend who is very well contacted agrees . I wish I had followed his advice when he bought at $4 .Its made him a 1/2 million in 10 months .

Did he sell? If not, he ain't made a dime. When the commercial paper starts showing its ugly head, watch 'em crash.

Hope I am wrong.

waybomb said:

Did he sell? If not, he ain't made a dime. When the commercial paper starts showing its ugly head, watch 'em crash.

Hope I am wrong.

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He's a pretty smart guy and has a locked in sell order if it drops to a certain point .

Don't be too complacent on a stop order. We have been lucky for many years - usually a buyer for every seller. If it starts to crash, nobody will buy.

Just sayin'

Not that I am a great trader, but, if I were him, I'd adjust my stop point daily.

I am very nervous about financials stocks.

I don't follow BAC other than what you post and an occasional look-see. What percentage of BAC's "assets" are in commercial and industrial paper?

Maybe I'm all wet on this.

He works in the bussiness . I'm sure he is watching it daily .

As far as assetts division I really do not know on this one . I trust Rick and his judgment over my own on BAC .