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Bank of America Corp (BAC)

NYSE
Symbol
Exchange
Currency
BACNYSEUSD
BAC_peNYSEUSD
BAC_plNYSEUSD
BML_pgNYSEUSD
BML_phNYSEUSD
BML_pjNYSEUSD
BML_plNYSEUSD
BAC_pmNYSEUSD
BAC1YUSAX=RNYSEUSD
BAC5YUSAX=RNYSEUSD
BACMexicoMXN
BACBIVAMXN
1BACMilanEUR
BACXetraEUR
BACDusseldorfEUR
BACTradeGateEUR
BACFrankfurtEUR
BACSantiagoUSD
BACCLSantiagoCLP
BACBuenos AiresARS
BOAC34B3BRL
BACViennaEUR
BACUkraineUAH
BAC_KZTQKDKASEUSD
BAC_KZKASEUSD
BACColombiaCOP
BACLimaUSD
Currency in USD
Disclaimer
38.32
-0.05(-0.13%)
Closed
After Hours
38.16-0.16(-0.42%)

BAC Comments

Jay West what will happen onMonday?
Hamid... that's comical asking some kid in a forum what's going to happen on Monday in the stock market... it's no wonder that 80% of the people in the stock market lose all their money
Hamid: calling last weeks selloff to 37 in BAC was easy considering the context. Hedge funds often overplay news to push prices down or up temporarily. That great call was based on the SLR imposed by the Fed on banks. Previous good calls I made about when to short at the open were based on overhyped bond yield trends. So, to be fair, I have made good calls, but to call the Monday market action on a friday night is merely luck. So many dynamic variables that are changing over the weekend. One must follow precious metals, crude oil, dollar value, bond yields, and news of course to have any idea of the direction of the market or specific tickers. I put in a lot of time to my portfolio. I am not a coin flipper. With all that said, the narrative in the market now is bond yields(including SLR forcing banks to buy), corporate tax hikes in the pipeline, new infrastructure bill, lockdowns in EU ( specifically Germany). The curve ball was the last 15 minute pump in the S&P on friday.
One could argue the pump seems to show a blo/woff top. Others may see it as a way to eat up the bear positions from those shorting the indices. Everyone knows the market is heavily manipulated. It is a matter of being on the right side more than the wrong side. Short term weekly or daily price movements are much harder to call than the longer term. Fact of the matter is, the stock market goes up over time. As long as this stays intact, everyone should be fine. Traders often overtrade and lose money. Timing market is extremely hard. Better to create spreads as I mentioned below to take advantage of bullish trends and give yourself a downside hedge. Trying to daytrade will lose 90% of the time. Most people better of buying an S&P index fund(SWPPX) with majority of portfolio and holding forever, and playing with options on a very small level to learn their dynamics before jumping in too soon. Options can make or break you quickly. Any questions about options or anything, I’m here to help.
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