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restripe How do you like BAC , hehehehe you can always make monies as I said on BAC, Like Kenny sang, know when to hold them (buy) and know when to fold them (sell)
GL2U
BAC Looking gooooooooooooooood
Good morning people-restripe, I believed the Feds would raise rates three to possibly a fourth time this year, but the grinder mill is saying four is a lock and possibly 5 to 6 times this year, I guess it would depend on what the % number each time they raised it , wowwww, and with the shet going on in the rest of the world is a good time to beware of alllll of your monies in the markets these days and that includes funds also, I have three energy closed-end funds that pays a nice monthly div which I am keeping a close eye on these days
Anyhow GL2U
Rate hike looks on for both US and UK…
I doubt Europe / EU will raise.
Picked up April 14 48 calls Hoping for the rate hike in March
Thanks t1215s looks good for the banks Back to 50 going to get some march calls
restripe FYI.-> Federal Reserve points to interest rate hike coming in March
PUBLISHED WED, JAN 26 20222:00 PM ESTUPDATED WED, JAN 26 20226:56 PM EST
https://www.cnbc.com/2022/01/26/fed-decision-january-2022-.html
GL2U
Well it seems it did hit the 46 number but will it have staying power , the market is set to run , the Q is who will run after the first 20/45 min of trading and in which direction GLTA Seya in FEB.
Good morning people Well it looks like 46 is a given with the markets making a strong upward trend as for me I am sidelined waiting for my play monies to settle ,I may have to cool my jets , I have a monthly quota for profits and might have met it yesterday GLTA.
Let's see a 45.5 cross before end of day
Making a profit is a good thing sometimes you make a little less profit,But profit is profit just the same RIGHT, see ya next time around guys in a few days, You gotta watch the last 20 minutes people GL2U
Might see a second afternoon run now after that reset like yesterday
Didn’t realize it got 300 on it
Out .65 even not comfortable with the trade
I bought $45 calls yesterday at .44 and sold today at .90. I'll take my overnight 100 percent lol may buy back in of this drops. 5 day rsi is now overbought
I’m out at 44.80 it’s that easy guys lolGL2U
Thanks I hope I don’t give it back
Still a nice gain. Looks to be consolidating upwards.
Left a lot on the table Shoulda woulda coulda
Crazy market you never know A gain is a gain lol
Nice buy. I'm up nicely on my 45 calls but I'm trying to wait till it gets closer to take profit
Picked up some weekly 44.50 calls at .65
I probably should have just sold my calls at 44.5 this morning. But we'll see how the day plays out. Not starting in the direction I expected
rynlrt' GS @(9:35 raised BAC FROM 53 TO 54 AND OUTPERFORM
I prob should have had a 43.92 but didn't want to chance it not coming down that far, Got to do a few little things this morning and I like to watch the MM's and where their going for my buys on my live feeds
Ahhhh *&^%$##& there it is 43.92 lol, I gotta run GLTA
Nice buys. I'd like to see this hit 45 today
morning restripe, I believe they will hold off till March, and than the Feds will march lol, But three rate increases are a lock this year, the fourth depends on how the first three slow inflation up , I have two buys in 44.05-44.10 GL2U
edit
Both target buys just went
GoGooooooBAC
Yes. if they do not announce a hike tomorrow I think more of a pullback short term but today looking for some calls for a quick in and out
Higher interest rates are great for BAC. Not so great for those who want the loans. If they announce higher interest rates BAC may pop up big time
Good morning any thoughts on the Fed announcement tomorrow from reading around what I am seeing is interest rates might increase in March but who knows they might surprise us tomorrow
As I told restripe I know jack about options and way to long(and old) in this game to change now , lol.I take my small % and hit the road till the next , and do well , it’s a hobby for me and I like the action
There is one other target I play but I leave the profits only in stock and take my front monies for another play , BAC. GL2U
It made a nice bounce in the afternoon that put my calls up by about 30 percent. But with that bullish hammer candlestick formed now I think today should be a good green day. But who knows technicals don't ALWAYS work with how the market is right now
rynirt , Relax it will, I’m wait on the bell to jump allllll over this ,if they let it stay down here @ 9:30:05 EST.hehehe and if it don’t , it will sooner than later , truth be know I would have jumped on this yesterday but it takes two days for settlement from my last sell GLTU
So much for this bouncing up. Killing me
Not sure how they are keeping this down. Rsi is under 20 at this point
sold all nice gain
Way oversold now. Should see a bounce up. Bought some calls
selling 90% of my puts at the open
Bargain @ 43.7+/-showing now I can’t play till tomorrow, darn it . But IF BAC stays here I will be BOCK TOMORROW for sure lolol GLTA
I'm gone ,it's been a good morning,Weekend cash from BAC
Have a great weekend people & stay healthy GLTA
I'll take the 44.90 thank you BAC, mm's
Good really morning @ this hour restripe, Your right trading while working can be at times difficult, for me it’s as I said in the past a hobby,I have found over the years is to set a target sell and should the number go higher one has to remember profit is profit ,so have ur 15 minutes of shoulda, coulda, woulda leave it there right away and move on to ur next play because it beats the Bizarro world lol.
I’m reloaded today so I’m in play on BAC. @75% and keep 25% in case I’m wrong to lessen to pps drop , the good thing about playing the blue chips is even if ur wrong they mostly always return to the scene of the crime lolol GL2U….
The feds rates are deff coming 3-4x and I believe possibly 2 @ .50 deff 1 has to be @ .50 which will boost the Fi’s PPS. ,I like BAC 50 to 57-8 which is good for me cause I like the action being a momo player (swing trader) anyhow below is a little FYI news
KKR SPAC Is Said to Weigh Deal for PetSmart at $14 Billion Value Pet supply chain would return to public market in transaction BC Partners led group that took PetSmart private in 2015
January 20, 2022, 10:18 PM EST
PetSmart is in talks to go public through a blank-check company backed by private equity firm KKR & Co., according to people familiar with the matter.
The pet supply retailer, backed by BC Partners, would be valued in the transaction at $14 billion including debt, said one of the people, who asked not to be identified because the information was private.
KKR Acquisition Holdings I Corp., the special purpose acquisition company, raised $1.38 billion in its initial public offering last March. As with other SPAC deals, PetSmart would become a publicly trading company after merging with KKR Acquisition, the people said.
The discussions are in early stages, the people said, adding that the talks could still end without an agreement.
Representatives for PetSmart and BC Partners didn’t immediately respond to requests for comment. A spokesperson for KKR declined to comment.
Private equity firms led by BC Partners bought the chain in 2015 in an $8.7 billion deal, and later added debt to PetSmart when it acquired online pet store Chewy.
Despite a rocky period that saw the buyout debt fall to distressed levels, the companies’ fortunes rebounded amid growing spending on pets and pet care. BC Partners later split PetSmart’s operations from Chewy’s and sold shares after the online retailer went public.
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I wonder where this would be in three , four years if the deal happens ,as I am not a long player in my old age hehehe
No problem t1215s we all run different schedules. I had the Jan 21 49 calls 45 of them sold 25 at the open for a double and let the rest ride wish I sold them all at the open being they went belly up LOl Not a good idea to trade when you are working and cannot be by computer at all times looks like we are having a pullback I picked up February 11 43 puts heavy for me I know you do not play option but wish me luck lol ha ha ha One thing for sure BAC is a good trading vehicle good luck to you and thanks for your info
A good set of earnings, not Stella. It should help the price to continue its upward trend, esspecially with higher interest rates around the corner.
Not the most exciting stock, but a good investment.
Good morning restripe, They missed, but their earning per share was up
The proof is in the PPS from yesterday's lowes and this morning's PPS. , talk about a wash, rince, and repeat (return, I would have jumped alllll over that bottom yesterday 101% but my cash acct was clearing for this morning and is the only way I trade, don't never use margin
But it was predicted
https://markets.businessinsider.com/news/stocks/bank-of-america-bac-reports-next-week--wall-street-expects-earnings-growth-10919883
I'm looking for a quick buy at 46.25/30 IFFEN for a quick hit but chances for now are slim to reach my number GLTU
Sorry did not reply sooner but after the markets close I'm usually not online line unless I'm bored or I get a notice on a filing/press release on one of the papers I hold short term as always ( A hobby of mine I enjoy the action
How do you think they will do with the earnings tomorrow
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Bank of America is one of the world's largest financial institutions, serving individual consumers, small- and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. We serve approximately 51 million consumer and small business relationships with approximately 5,300 retail banking offices and approximately 16,350 ATMs and award-winning online banking with 30 million active users and more than 13 million mobile users. Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations in more than 40 countries. Bank of America Corporation stock (NYSE: BAC) is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
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