My Life My Trade

Your prospect on BAC?

Cramer may say it will double because it has 10 to 15% of US mortgage market. I say that because of the very same reason it will go lower than 3 bucks over next couple of years.

If the market corrects down to 950 level, then it should test $15.. If somehow market gets to 820 or so, it is headed to $11 - $12 IMO.




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Thanks for the perspective, BAC actually holding up pretty well today.

It was down for most part.. but it started ramping up ahead of the market.. May be someone knows something that others don't...

But one thing is for sure - the move up in final hours was a fake one.. we should see lower lows early next week - as early as Tuesday




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Good call, I think we are going down. How do you determine a fake ramp up?

More about fake ramp up later... but I think we are going down to minimum 930 - 940 region.... If this was not the opex week, I would say "this week". But opex week complicates things.. esp since the general bias in opex week is to the upside..