Replies to post #12490 on Bank of America Corp (BAC)

[JJ8]

The truth is that the market can do anything!

I would approach it from a different angle. What would I do if it goes back to $7? I'd have a clear plan of my approach. I already do. On the other hand, should I hang my plan on the number 7? No way!

When both the larger market and BAC stock are heading up, I can see how one could easily think that BAC may not see $7 again. However, given what we know from recent experience with BAC and the larger market, that possibility can not be discounted. It's not specifically $7 that I'm thinking of. In my plan that price has little or no significance. Who cares about it? I don't!

My plan will be there to catch it- whatever that number may be -... $6.75, $7, $7.50.