BAC - Bank of America (NYSE STOCK) - Stock Market Forum, Penny Stocks, FOREX, NASDAQ, AMEX, NYSE, Live Chat

**BadThad** · #1 09-12-2007, 01:57 PM

Not beaten down too hard from bear market and subprime worries. But down nonetheless and a great divy payer. I'm not in this position, but watching it closely!

BAC on Google Finance

Chart

Watching for xover on 200MA resistance of $49.94. It's trading down at $49.32 today.

**BadThad** · #2 09-12-2007, 01:59 PM

Open: 49.37 Mkt Cap: 218.67B P/E: 10.32 Dividend: 0.64
High: 49.46 52Wk High: 55.08 F P/E: 9.49 Yield: 5.20
Low: 49.12 52Wk Low: 46.52 Beta: 0.55 Shares: 4.44B
Vol: 8.61M Avg Vol: 33.82M EPS: 4.78 Inst. Own: 61%

Skydaemon · #3 05-09-2008, 07:21 PM

BAC chart

Poised for a $10-11 fall from a 6 month symmetrical triangle maybe starting next week. Want this on the radar. It could turn into an extremely bullish play if it doesn't break down this next week.

Want this thread up for comments if needed. MBIA reports monday could be fun.

Skydaemon · #4 05-10-2008, 03:13 AM

If it doesn't break down here, this becomes extremely bullish.

Vertical blue bar is the size of expected move when it does break out.

Skydaemon · #5 05-13-2008, 06:17 PM

Failed it's important upmove on weak earnings and analysts ruffling feathers about lowering price targets and expecting them to cut dividend.

Currently at $36.61 or there abouts.

If they fall to $36.1 or lower, possibly as soon as tomorrow it'll be a death knell. This is poised to fall to the $26 range.

**BadThad** · #6 05-13-2008, 07:07 PM

I bet there's a huge short interest.

Skydaemon · #7 05-13-2008, 08:36 PM

Not so much.

Short Interest (Shares Short) 64,933,800
Days To Cover (Short Interest Ratio) 1.8
Short Percent of Float 1.48 %
Short Interest - Prior 71,480,700
Short % Increase / Decrease -9.16 %
Short Squeeze Ranking™ -1

Pretty small percentage wise, that was as of may 6. Possible it could be higher now though.

**Grizzums** · #8 05-14-2008, 12:55 PM

Quote:

Originally Posted by Skydaemon

Failed it's important upmove on weak earnings and analysts ruffling feathers about lowering price targets and expecting them to cut dividend.

Currently at $36.61 or there abouts.

If they fall to $36.1 or lower, possibly as soon as tomorrow it'll be a death knell. This is poised to fall to the $26 range.

Continues to flirt and tease.....but will she, er, I mean it, deliver when the time comes?

Still watching....

**BadThad** · #9 05-14-2008, 01:32 PM

I think this is good for a long hold. The PPS is near the record low and, amazingly, they showed a profit at last earnings report (APR21) 0.23 PS. They also declared a nice divy of 0.64 (rec June 6). I might pick up some of this before then to collect the divy. Once all the subprime crap sorts out and the banks return to investor favor, this should be a $50 stock again IMO.

Skydaemon · #10 05-15-2008, 04:35 PM

BAC looking fairly sickly.

Intraday had a dip down through the support to 36.11, if it wasn't for last minute rallies to recover much of the losses this would've tanked already. Check out the intraday to see how it fights to keep it's head above water.