Monday, August 15, 2016 7:19:31 AM
Advise Clients as do you that "dead money" is doing no good at all.
Some are but 3.00 or so underwater in BAC and assume that this will be a short term negative, however, we know better. BAC is in a very "negative" light owing to all the misdeeds and political B/S as a consequence. Therefore the cheap PPS has ALLOWED BAC to be kept in this "channel" we refer to. Some are simply "afraid to trade" and are more comfortable in a do nothing long term position with a solid entity as is BAC. BTW: As you know,BAC has BILLIONS in cash reserves with no place to put it owing to Dodd-Frank.Also, over 70 BILLION washed away in fines and legal fees so that money could be spent on entitlements to "buy" votes.
Now then, one could trade say 10,000 shares in any entity and make back the 3.00 BAC loss(30-60,000)in perhaps a few months or so of careful, planned trading. This is My advice to some who want to get out of this bogged down position. Further, we add that one should NOT trade without much DD and/or a specific set of courses designed for the day trader.
BTW: Having taken as high as Psychology 301 in Grad. School this Writer is well aware of the many "extra sensory inputs" that may be a positive or negative input in trading ,..and more.
GL today as BAC is +.07 in pre market at this moment.
Recent BAC News
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/10/2024 09:27:00 PM
- Form 424B2 - Prospectus [Rule 424(b)(2)] • Edgar (US Regulatory) • 05/10/2024 08:56:56 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/10/2024 08:44:01 PM
- Bank of America Recommends Shareholders Reject "Mini-Tender" Offer by Tutanota LLC • PR Newswire (US) • 05/10/2024 08:30:00 PM
- Bank of America Announces Redemption of 0.523% Fixed/Floating Rate Senior Notes Due June 2024 • PR Newswire (US) • 05/06/2024 08:15:00 PM
- BofA Survey: Majority of Small and Mid-Sized Business Owners Anticipate Revenue Growth This Year • PR Newswire (US) • 05/01/2024 12:55:00 PM
- Bank of America Declares Second-Quarter 2024 Stock Dividends • PR Newswire (US) • 04/25/2024 09:00:00 PM
- BHP Bids $38.8 Billion for Anglo American; Biden Unveils Historic Micron Technology Deal, and More News • IH Market News • 04/25/2024 11:48:40 AM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (Canada) • 04/17/2024 10:00:00 PM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (US) • 04/17/2024 10:00:00 PM
- Grants to Preserve Historic Art Awarded in 11 Countries by BofA • PR Newswire (US) • 04/17/2024 10:00:00 PM
- Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 3.841% Fixed/Floating Rate Senior Notes Due April 2025 • PR Newswire (US) • 04/17/2024 08:15:00 PM
- Bank of America communique ses résultats financiers du premier trimestre de 2024 • PR Newswire (Canada) • 04/17/2024 06:37:00 PM
- Futures Pointing To Initial Strength On Wall Street • IH Market News • 04/17/2024 01:08:46 PM
- United Shares Surge 5.3% in Q1 2024 Earnings Beat; Take-Two Cuts 5% of Workforce, and More News • IH Market News • 04/17/2024 10:57:39 AM
- U.S. Stocks Finish Lackluster Session Narrowly Mixed • IH Market News • 04/16/2024 08:33:00 PM
- U.S. Index Futures Signal Mixed Trading, Oil Prices Dip • IH Market News • 04/16/2024 11:19:33 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/16/2024 11:13:00 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (Canada) • 04/16/2024 10:45:00 AM
- Bank of America Reports First-Quarter 2024 Financial Results • PR Newswire (US) • 04/16/2024 10:45:00 AM
- U.S. Stocks Extend Sell-Off As Treasury Yields Surge After Retail Sales Data • IH Market News • 04/15/2024 08:38:32 PM
- Bank of America Announces Redemptions of Floating Rate Senior Notes Due April 2025 and 0.976% Fixed/Floating Rate Senior Notes Due April 2025 • PR Newswire (US) • 04/12/2024 08:15:00 PM
- Paramount Global Board Shrinks, Morgan Stanley Faces Regulatory Probe, and More News • IH Market News • 04/12/2024 11:05:29 AM
- Bank of America to Report First-Quarter 2024 Financial Results on April 16 • PR Newswire (US) • 04/09/2024 01:00:00 PM
- Tesla Resolves Autopilot Lawsuit, JPMorgan Unveils Potential CEO Successors, and More • IH Market News • 04/09/2024 10:39:30 AM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM