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I like BAC even at $46, and loved it under $45. You can see last week how the stock received strong institutional support with three accumulation days.
Holding 6 months to a year out on BAC should yield a stock price back up in the $50s I would imagine. Either that or the subprime woes are going to get worse and the stock sees $30s.
You placing a stop loss on your position?
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