Bank of America Corp (BAC)

[Equitiesduke]

Agreed in total!
Very little doubt the BAC PPS will go up considerable. In fact we see it at at least 25.50 in a matter of days. Considering the strength of The Company,a 12 BILLION Dollar buyback, increased divy,...what's not to like.
Having visited several HFT exchanges ,however, it is almost like watching a "game" of sorts with the traders and BAC. They love keeping the Share price in a "channel" so as to control more shares for the .03 rebate(kickback) actually. Agree that we may see a new channel soon as the strength of BAC now may overwhelm the HFT traders in their "gaming "room.

GL.
P.S. Another RTR of about 2.5 is FTRPR. Being kept quiet for some reason? Told Cramer about is recently so it will be out there if not already.
FTR will issue 20 shares of common for each share of Preferred one now holds. No typo, twenty for 0ne. As long as the FTR PPS remains below 5.00 per share this is guaranteed in the exchange. So do the math on say just 200 shares. AND a 13.89% (.12)dividend on top of it!