Tuesday, April 28, 2009

Keep an eye on BAC

20 day MA is at 8.41. If BAC closes below that and confirms tomorrow, this stock is in for a wild ride down. There is a lot of smoke around BAC and where there is this much smoke, there has to be fire.
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2 comments:

  1. UnknownApril 28, 2009 at 2:03 PM

    I hope you're right. I hold some BAC May puts, and was tempted to sell today for a small profit. But I decided to hold off a little while longer until the stress test results get released. Good luck.

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  2. Beamer DogApril 28, 2009 at 10:46 PM

    It closed below the 20 dma. Lets see if we get confirmation tomorrow. We have one foot in the door but it doesn't mean we are in yet.

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