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Airelon, you may wish to consider the fact that BAC has made an amazing bounce off its recent lows; from a technical perspective, if you view its weekly chart the past 3 weeks have been very kind to BAC coming off lows below $20, springing back to the low $30's; however, the stock has very strong price resistance at the $35/$38 level, and is likely to trade down from that level as more negative news hits the wire regarding the real value (or lack thereof) of mortgage backed securities.
Also, in the long run, BAC has strong exposure to consumer debt. As jobs decline, unemployment and foreclosures skyrocket, credit card default will likely be rampant. This, along with the hangover from the mortgate debacle will likely weigh heavily on banks like BAC. My guess is you can probably wait 36 months and buy the stock for less than $10 and make a killing as the US banking system is reorganized around a new currency in 2012 or so...
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