Replies to post #12412 on Bank of America Corp (BAC)

[Portguyofva]

Hoping 7.84 is/was close enough to the 50 dma. Just added some to my core common and extended my jan14 calls. GLTA! Watching 12,600 on the DOW; that is where I'm hoping we hold and bounce.

[dmlabuda]

I would caution you about putting too much weight on the news. If you want to know the truth about the news, take any two year daily price chart on any stock and then plot the dates of all the news releases and when you're though, that should give you a pretty clear picture of how the news really affects the price of a stock. It's interesting! You'll also get pretty much the same result no matter what stock you research. Hence the old, old saying ... "Buy the rumor, sell the news".