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.


  1. 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.

  2. 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.