Good point. Poor time table reference on my part. I should have said the last six months of '08. Thanks for the correction.
Did you understand what I was getting at though?
The name of the game in the stock market is risk, finding your comfort level with risk, and controlling risk. Your appetite for risk is your task to deceiver. To me this stock risk to reward is right within my appetite for risk. If it’s not for you, well then move on and invest somewhere you will feel comfortable. BAC should be channeling somewhere between 15 and 16.+. It has bounced of 15 support level three times in a row. Maybe that will help ya. Get out if it goes below 15…. Its head back to the 13s.
But for me, I would rather risk my money on making 10000% in SRSR then a possible 100% in BAC. Don’t forget about the derivatives still lingering in the financial sector. Rebound might be premature.
Good luck
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