aori on 08 March 2012
No achievements for losing money strangely :( But at least I'm learning a lot.
From now on I'll try to use trailing stops rather than emotion/guesswork.
Btw BofA is still pretty low. Especially if it manages to stay profitable over the next 2 quarters. It looks like it should head back to at least 10 maybe 12 range over the rest of the year.
On the other hand they're are a lot of consumer complaints mounting against the bank and there seems to be some tensions with their Merrill Lynch subsidiary. A lot of brokers are discontent being under Bofa. Also the stock has already risen 45% percent for the year so it's hard to see it sustaining that rate. I really can't see it going much above 14$ for a long time. Maybe 5 years or more?
