This is i think a very good SHORT to MEDIUM TERM play.
They have been hammered by the recent market volatily and now have a book value comparable to a regional bank (around 0,35) beeing very very low.
Actually the world markets are all in a very negative mood and BAC did suffered a lot from that situation. It is certain that big banks will not generate as much profit as they were many years ago but to evaluate BAC at 0,35 of book value is also far from reality and real value.
So at this level i am in with an exit price around 8,00$ but be really patient as it could be very volatile again for another 2 weeks or more depending of Greece election outcome.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
They have been hammered by the recent market volatily and now have a book value comparable to a regional bank (around 0,35) beeing very very low.
Actually the world markets are all in a very negative mood and BAC did suffered a lot from that situation. It is certain that big banks will not generate as much profit as they were many years ago but to evaluate BAC at 0,35 of book value is also far from reality and real value.
So at this level i am in with an exit price around 8,00$ but be really patient as it could be very volatile again for another 2 weeks or more depending of Greece election outcome.
As usual (and more actually) DO NOT INVEST MORE THAN YOU CAN AFFORD TO LOSE and always do your own due diligence before investing in any stock. CHEAP SHARE PRICE does not necessary mean a real bargain. Play with extreme caution.
Aucun commentaire:
Publier un commentaire