aapl certainly being as boring as possible.....
eyeing to try BAC as a possible $$ recovery plan..
any thoughts on a short term pop in BAC? I'm looking at either $11.20 entry or below $11 since it appears to have broken a support today
aapl certainly being as boring as possible.....
eyeing to try BAC as a possible $$ 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
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
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.
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
Is buffett still a bac shareholder?
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
looks like a piercing candle on DECK? may be a good day to add or start a position. anyone want to confirm?
Charles LaRocca
SiriusBuzz Founder
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