BYUINSDER, I'm amused by your outlandish comments. Here's the deal, I'm long on Bank of America (BAC). I don't trade short-term, but I enjoy learning about chinese candlesticks and other TA. I believe this is a wonderful long-term opportunity. $15.40 is certainly a cheap price for long-term investors.
Let me educate you, candlesticks don't lie. If I see a bearish short-term signal, than it could be a good time to take short-term profits. Some investors prefer to trade up, in your belief of $45 PPS. While some would take a percentage gain, others might be interested in taking a compound interest gain like a few of us here.
Had I bought when I saw the first short-term buy I would have made 10% short-term profit in just over 4 weeks. I grasp the bull market entirely, but there are different ways to make money when reaching the peak of the bull market.
If scared money makes 10% than I wonder what smart money makes. I can tell you new to the stock market.
Good luck, Gulley
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