Use access key #2 to skip to page content.

Varchild2008 (85.35)

Varchild pulls (BAC) underperform rating



November 09, 2009 – Comments (3)

I pulled my winning BAC underperform rating after realizing that there are quite a healthy number of intelligent people in the CNBC world that are bullish on this stock.

Also.... can't underperform BAC behind the selection of a C.E.O.  The day a C.E.O. is selected could propel the stock higher if the investor community feels like pricing a stock higher based on C.E.O. selection like they sometimes do based on a Board of Director's pick.

So.... I'd consider taking out your underperform on BAC yourself... do your research and leave me alone if I am wrong.... just kidding..... I'm always wrong!  Just check comments below:-)

3 Comments – Post Your Own

#1) On November 09, 2009 at 4:30 PM, Varchild2008 (85.35) wrote:

P.S.  I had no idea there would be a G-20 meeting and that the nations of the G-20 would all "STIMULUS CASH???? Yea.... Let's keep funneling Stimulus Cash down the toilet!!! Hurray!!!"

Therefore my WHR $55 to $50 was premature and WRONG.... So, I apologize although in reality I told investors to HOLD their shares of WHR.

Which is correct decision...correct recommendation...

But... That does mean not buying on the $70 handle DIP we had last week... So for that I am wrong!  oh well..

Report this comment
#2) On November 09, 2009 at 4:52 PM, awallejr (56.54) wrote:

Well I sold BAC Jan 17.50 2012 puts.  $6 premium was hard to pass up at the time. Puts my potential purchase price at only 11.50 should I ever get called to buy.  Assuming I don't get called to buy come then, I will have made a 34% return for a  2.3 year commitment. Obviously still a risk, but it sure as hell beats getting 2-3% a year from a CD.

Selling the puts still look good at current prices.

Report this comment
#3) On November 09, 2009 at 8:04 PM, Varchild2008 (85.35) wrote:

Good Job!  I'd take that percentage anyday for my money.

Report this comment

Featured Broker Partners