Replies to post #20493 on Bank of America Corp (BAC)

[Equitiesduke]

Ask any institutional concern with a large block of BAC Shares. One there might laugh at how easy it is to make the .03 cent per share per trade rebate("bribe") when you ask him/her. they do not ALLOW the share price to hold above 25. for very long. Simple as that!
Great fundamentals, BAC has tons of cash, aggressive buy back, increased divy(still a pittance), although laughable compared to some, and good management.Cheap share price makes it very easy to manipulate price. A mere 5,000 shares of any stock can affect the pps!So they get the rebate and a spread of maybe .05-.07. BAC is a cash cow for some, simple as that.
30 by year end is possible, but ??????? only if the biggies are feeling like Santa Claus by Thanksgiving.
GLWYT.

[Agent92260]

Fed holding on rate hikes. Banks rose very quickly after trump victory, now Trump tax plans looking further away than anticipated. And of course, war climate bringing in risk. Timing suggest market due for correction. Talk of Feds balancing (unloading) holdings. Just a few answers pointing to more risk than reward at the moment. GL.

[pennystockaholic]

We will get there. The sellers and buyers are playing tag.