Bank of America Corp (BAC)

[Equitiesduke]

Agreed in total.
Was at a HFT exchange the other day and watched the "front running" happen. We're talking a mere .03 per share per trade rebate to broker, hedgie, etc. Now make that times 100,000 shares or more each trade! Add a spread of another .02-.09 cents per share per trade! Seen as high as .17 spread on a market order. With so many gurus having put BAC on a "Buy" and "Strong Buy" status we will be fine. A excellent longer term Stock, and we hold a large core position. The "channel" is one even Brian cannot get us out of as the buyback needs much more publicity! Yes, and a forthcoming divy increase will help a lot. The hedgies tell Myself it is so easy to make money with BAC as the "control" the PPS!We have suggested a 1% tax on a short, and a limit on the number of shares per short. Allow the uptick to give some added "legs" to the Stock.
Meanwhile, trade and profit.
GL.