Bank of America Corp (BAC)

[Portguyofva]

altruism,
Agree with your observation, "reminiscent of 2 quarters ago where we had a 3 day sell off after earnings and lost of over a dollar on the share price... could see some 10's in the near future".

IMO, support at 10.60 which closely corresponds with 50 day MA will be the Bull/Bear showdown near-term. I will be watching sell vol closely in that area. If the bears get control, I anticipate they will try and drive it down to the 10 level.

In order for BAC to get much below 10, the bears will need a coinciding market correction. If that were to play out, a dip to 9 is possible.

If bulls come in heavy at 10.60 I intend to buy leaps; if bears take control at 10.60 I will hold off until we get closer to 10 to buy leaps. Any dips below 10, I intend to add to my core common holdings.

For now I remain patient and watch to see where it goes. GLTY!