Bank of America Corp (BAC)

[YazM]

I agree BAC's PPS is very depressed and it should be a lot higher but looking back at the history of this stock it's always been depreciated. The company can never keep afloat with positive news or momentum as you mentioned; it seems like it always catches a snag somewhere and caught in a web and back down it goes. As of now I'm still flipping this thing with the great swings and channels it moves in daily. If you have time to watch it throughout the day you can see the daily trading channel and just play the high end and low end back and forth but I do recall you saying you're holding for now. I agree if you are in it for LT, this is a nice PPS to jump in. As far as ST, I still believe a lower PPS is plausible with the amount of volatility going on especially with the Brexit financial issue hanging over the US banks.