Sell or Hold Bank of America?

[tripods68]

Wait to see if it goes back below $6. Maybe in the mid 5s. That's a good entry point.

[disneysteve]

Wait to see if it goes back below $6. Maybe in the mid 5s. That's a good entry point.

That's what I thought when I bought it originally. I'll keep an eye on it. Closed at $6.93 today.

[disneysteve]

Wait to see if it goes back below $6. Maybe in the mid 5s. That's a good entry point.

Hmmm. $6.09 right now. Getting close to appealing again.

[tripods68]

Hmmm. $6.09 right now. Getting close to appealing again.

Put a trigger buy limit in the high 5.75 - 5.85 where it might test for the day cuz the SHORTs are dumbing this stock right now.

[Russell]

I too am tempted by BAC since I've previously bought them at $40+/share a few years ago

I also see FRE and FNE (Freddie and Fannie)are fluctuating big time, yesterday's range was 37%!

Does anyone else think you could buy $10k worth of these puppies and sell them say at 20% profit during the day or even over a period of weeks if you had to - they're selling for pennies.

[Broken Arrow]

I too am tempted by BAC since I've previously bought them at $40+/share a few years ago

I also see FRE and FNE (Freddie and Fannie)are fluctuating big time, yesterday's range was 37%!

Does anyone else think you could buy $10k worth of these puppies and sell them say at 20% profit during the day or even over a period of weeks if you had to - they're selling for pennies.

Yeah, 30% to even 50% daily fluctuations are normal for some of these stocks in this market.... And please remember that anything that can go up 30% to 50% can also fall down 30% to 50%....

But yeah, that's why I've mentioned elsewhere that you don't need to over-trade to chase after large gains (and losses). In fact, with volatility like this, you only need One Good Trade.... That's why I emphasize quality trades versus quantity.