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Thread: Market Watch -January 2013

  1. #81
    imromo24 is offline
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    aapl certainly being as boring as possible.....

    eyeing to try BAC as a possible $$ recovery plan..

    any thoughts on a short term pop in BAC? I'm looking at either $11.20 entry or below $11 since it appears to have broken a support today

  2. #82
    SiriusBuzz is offline
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    Ive made a considerable amount of money on BAC over the past year but I'm leery at its current highs. I wouldn't be afraid of picking up shares at 11 but, I'd also be setting up an exit strategy over $12. This stock has really swung around over the past few years.
    Charles LaRocca
    SiriusBuzz Founder

  3. #83
    imromo24 is offline
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    Yeah, I remember discussing BAC at $12 before it fell to $4! I'm glad you made some money on it eventually.

    I'm strictly looking at the chart pattern and I see it could top at $13 ish (over $12) but from here thats a 10% or more return in possible short time.

    One of the best parts of swing trading is can avoid feeling that top and drop feeling!

    Thanks for your input. =) I'm watching it like a hawk right now, every penny gets me nervous...I think a run is coming. But after aapl I'm leary of everything, so I'm going to play it safe and give it some time.

  4. #84
    SiriusBuzz is offline
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    My current avg cost is around $8 and to be honest, I wish I got out at $12. My concern with BAC is that our economy isn't nearly as good as wall street seems to think it is.
    Charles LaRocca
    SiriusBuzz Founder

  5. #85
    imromo24 is offline
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    Is buffett still a bac shareholder?

  6. #86
    SiriusBuzz is offline
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    Im pretty sure he has $5 Billion in preferred shares but no common stock. Neither does Berkshire... that I know of at least.
    Charles LaRocca
    SiriusBuzz Founder

  7. #87
    mcoulter is offline
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    looks like a piercing candle on DECK? may be a good day to add or start a position. anyone want to confirm?

  8. #88
    Limit5Bass is offline
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    looks like a piercing candle to me mccoulter
    Quote Originally Posted by mcoulter View Post
    looks like a piercing candle on DECK? may be a good day to add or start a position. anyone want to confirm?

  9. #89
    SiriusBuzz is offline
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    Quote Originally Posted by imromo24 View Post
    Is buffett still a bac shareholder?
    The next big thing to consider is the bank stress test on March 7th and the results of that test on the 14th. You're going to see a nice run or a buying opportunity. No idea how we should play this.
    Charles LaRocca
    SiriusBuzz Founder

  10. #90
    imromo24 is offline
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    Nice bac run Friday, I am so unlucky sometimes!

    I decided to play the sapphire market with the drop in Rbcn friday. I like the idea they are leaders in lab created sapphire wafers for use in led lighting, cell phone antenna, military grade windows and screen covers.

    The iPhone 5 has a sapphire wafer as its camera cover. 2nd only in toughness to diamonds.

    The market is volatile however. See the recent one day 22% spike in cree

  11. Ad Fairy Senior Member
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