Replies to post #11386 on Bank of America Corp (BAC)

[Iraninis]

I did exactly the same thing you did, Lucro, only difference is that i do this with options. I sold my April puts at the open on Friday and bought calls but I am now looking forward to buying some puts on Monday, almost bought some at the close on Friday, they ran BAC up big time in meager vol and news. This smelled like a pure pump to me, my feeling is that they want it to touch 10 again and then down we go to lower 9s. The only thing that makes me thing it will actually go higher then 10 in April is the fact that BAC earning reports is coming out in APRIL 19. So, people will continue to be bullish on BAC thinking that I will have positive earning reports, which this might be true since BAC has been selling a lot of non-core assets and cutting down in its operation expenses.

Best of Luck to us!

[Seminole Red]

good for BAC....it sure beats our current administration giving them my tax money to pay the mortages they cant afford...they should have never bought a house they cant afford.