This is a very good time to get into this one as BAC is absolutely undervalued and i think we could see a great rally toward the 9,00$ very rapidly.
It is stitting actually right on the 8,00$ mark (tested with success many times) but it is under it's 50 days moving average. I will get in now but will add a stop losses at 7,60 because if it breaks down below 7,60$, the next stop would be 7,00$.
Actually this is one of the rare bank valued at less than 50% of the book value and this is odd. Would i consider this one as too big too fail???
No, i would consider this one as too big NOT to succeed.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the PLAY OF THE DAY on Twitter: @investman2
It is stitting actually right on the 8,00$ mark (tested with success many times) but it is under it's 50 days moving average. I will get in now but will add a stop losses at 7,60 because if it breaks down below 7,60$, the next stop would be 7,00$.
Actually this is one of the rare bank valued at less than 50% of the book value and this is odd. Would i consider this one as too big too fail???
No, i would consider this one as too big NOT to succeed.
As usual do not invest more than you can afford to lose and always do your own due diligence before investing in any stock.
Get the PLAY OF THE DAY on Twitter: @investman2
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