Replies to post #11768 on Bank of America Corp (BAC)

[Portguyofva]

WhiteNOC,
I wish you luck, but don't agree with your comment: "To me it needs to fill those gaps back down at 4 or go BK".

We have already learned the lesson that BAC is too big to fail. I'm not saying a retest of support around $5 is out of the question, but it will take a seriously depressed market to get BAC down to that level at this point. IMO, BK is completely out of the question. I thought it was a remote possibility last October, but figured out by the end of December, that wasn't going to happen.