One thing to look for is a stock that's beaten down again - and one stock comes to mind in particular - Bank of America (BAC). Down 10% today it will close around $21-$22. Let's watch it again as I predict in the next two weeks BAC hits back around $26/share again with the high volatility in the stock market, and as institutions pick up chunks of BAC stock when it's beaten down.
My guess, an entry around $20.85, with a sell of $25.50 in the next 2 weeks, representing a quick 20% recovery.
13 comments:
1st question - whats the deal with the ban on short selling? Does that mean we have to wait two weeks to sell BAC?
If so, we have $100 or so to spend which will give us approximately 5 shares. If we sell in two weeks (November)- will essentiall make $20 correct? ($5 dollar commission fee included)..
What about ACUS? Are we still looking to pick up some stock before our next meeting?
Jimmy C- The short sell ban has been lifted. That is why the market jumped up 9% last Monday/Tuesday and then settled back down to the base of the toilet bowl thereafter. If we can jump in and out of BAC by the end of the month, there is no commission. As for ACUS, we're waiting hear from our head of pharma research, who is dragging his feet like Wes Welker on an out pattern.
Well i'd be for buying at 20.85 and selling at $25 if we can still get on it that low - i just checked and its up to $22 now. As far as ACUS, if we finish up our BAC transaction before November - we should still in be line to pick up some ACUS if the price is right... Mikey, what do you do think?
BAC is dropping now, down to $21.71 now. THIS CONSTANT DROPPING OF VALUE IS MAKING ME WANT TO PULL MY HAIR OUT.
Today is the day it will hit the target price, Today is going to be a sh*tshow - massive sell offs, but I predict another sharp rise at the close of trading from 3:30-4:00PM
it's back down to the $20.50 target range again - I motion to purchase at $20.50 and sell for 20% gain within 2 weeks.
actually - it's even lower now. Good entry point.
anyone? Bueller? Anyone????
We can still try to pick it up at $20.50 today on it's way back up.
Ideally we should of sold ESLR out 2 days ago, and had the capital to go all in on this BAC trade, but now we can probably afford 5 shares. 20% is 20% though. Mark my words.
Patrick to buy five shares at $20.50/s totals $102.50. Then, add in $4.50 to buy and $4.50 to sell, totaling $111.50. In order to see a 20% return, we'd need the share price to meet or exceed $26.76/s.
A buy at $20.50/s and sell at that $26.76/s turns a $22.30 profit. Is that your proposal?
we don't need to be so friggin anal about it. We can buy 5 shares at 20.50, sell at 24.50, and after fees make 10% return for all I care - a return is a return. At the end of the day, we're buying stock in a solid company, it's not a speculative stock.
You know when you guys hired me and put me on retainer for six months, I never thought this group was so intense. As young grasshopper said, a return is a return, especially when half of the portfolio has spilled blood in the streets. As a professional consultant who specializes in non-speculative stocks and guarantees high returns, I motion to buy five shares of BAC at $20.50/s. As they say on The Street, "Winner, winner, chicken dinner."
clown
I motion the buy 5 @ $20.50
i third the motion
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