Bank of America Corp (BAC)

[Gixene]

maxxm, you said, "we will see $20 by next february" on Wednesday, 09/25/13 07:00:41 PM. I thought this to be highly unrealistic, especially with no rational reasoning to backup your claim. Though I believe a $20 PPS by the end of the summer is a much more realistic price target for Bank of America Corp. (BAC), even without any rational reasoning to backup your claim. Calculating that (BAC) is roughly 15% from the $20 PPS price point and the "official" end of summer ending on Sept. 22, 2014 which is roughly 6 months from today's date.

I believe this realistic claim is conservative. I don't like speculating on future prices, but I believe (BAC) could reach this PPS before Sept. 22, 2014 or the end of the summer. I have a price target $21.74, which is roughly 25% from this price point. I would feel that it would be reasonable that (BAC) could reach this by Sept. 22, 2014 or the end of the summer. This is based on momentum only. If I were to add other factors then this target date could change.

(BAC) has been experiencing a channel up ever since I entered a position on July 1, 2013, possibly longer. During this channel up there have been strong increases in PPS reaching the top line resistance and healthy consolidations and resistance bottom line resistance.