One of the country’s largest banks by assets and branches, Bank of America also provides credit cards, asset management, and other money-related services.
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If Bank of America surivives and it's looking more likely every day they will be the dominant commercial and retail bank in the world as far as size of deposit base and customer bases are considered this one is worth a chance.
Does anyone foresee another small drop in this stock in the near future? I like at its current price but would love it at 6 and under for a day or two. If I do buy I will be going long on this one, could be a great keeper for 5-10 year period. If it survives of course.
My buy target has been $7.00 for a week or so no luck so far. I am thinking about taking the first drop I can get and going for it.
Trending it for YTD minus the drop (assumed completed) it looks like it will experience 2$ sways, so you might catch around 10. Coming from someone who got in at 3.70, I can tell you not to get in so small that you'll regret it when your 5 bagger isn't as lucrative as it could be. :-)