What’s an amazing year so far! $BAC has come back down to my cost of $11. I didn’t hesitate to empty my savings to swoop up 1000 shares of BAC. Time will tell whether BAC will ever get back to its glory of $50 share.
No long write up about Bank of America. But the whole financial sector gotten beat up for ONE reason: the stress test result won’t come out until April, Wall Street crooks can short freely without consequences. I wouldn’t be suprise if BAC goes to single digit. In case, I’ll buy more.
I don’t have the time or the commitment to play short in my longterm investment. What I know is BAC has a lot of cash to buy back its shares, I can’t catch the bottom, but I will buy BAC if it continue to fall.