Ragewizzard - Bank of America

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  • JBC77
    SBR MVP
    • 03-23-07
    • 3816

    #1
    Ragewizzard - Bank of America
    I'm assuming your stops took you out last time we discussed this. Did you hold? I was a little pre-mature in calling bottom at $24 - $25. Had to DCA down at $20. But sh1t......last two days I'm sitting pretty.

    What do you think about IMAX as a long term play. Take a peek. I'm speculating.....but one day I assume they won't even have standard movie theaters.....it will be all IMAX.
  • JBC77
    SBR MVP
    • 03-23-07
    • 3816

    #2
    Just like one day.....all channels will be in HD. Natural progression.
    Comment
    • RageWizard
      SBR MVP
      • 09-01-06
      • 3008

      #3
      Sorry, I haven't been around much this week, nor will I be able to make many appearances in the near future because of work loads at my actual job. IMAX has had a great day on Friday with high volume. A long term investment for me is maybe a year or 18 months, so I don't think that IMAX will be able to sustain the momentum for long under these market conditions. If you bought before Friday, great put in a stop. A look at the chart shows that this stock may be breaking out so money can be made if the volume continues in the short term.
      Comment
      • JBC77
        SBR MVP
        • 03-23-07
        • 3816

        #4
        (BAC) just announced 3.75 billion stick buy back.

        $33.63 and climbing.

        HOME RUN. HOME F#$%ING RUN!!!!!

        Easier money than sportsbetting here. Just a week ago it was at $18.50.
        Comment
        • JBC77
          SBR MVP
          • 03-23-07
          • 3816

          #5
          Put (MF) MF Global on the radar. Another beat up financial. A week ago it was $3.38. Looks like it will close in the $6.30 range today.

          You'll see $10.00 for your shares soon.
          Comment
          • VegasDave
            SBR Hall of Famer
            • 01-03-07
            • 8056

            #6
            Congrats man I agreed whole heartedly with you but I have no money I begged some people I know to go in with me and grab a ****load when it was at $21 but no one listened to me.

            Unreal I knew it would bounce back didn't realize it would only be a matter of weeks, not months.
            Comment
            • JBC77
              SBR MVP
              • 03-23-07
              • 3816

              #7
              Yeah, I never expected a turn around in share price this soon. I was prepared to hold for the distance, up to 2-3 years if needed.

              There may be a chance to get back in. We're still in for some more bank failures. They will be smaller and most likely regional....not national. It may be enough to scare people where you can get in at a good price.
              Comment
              • SlickFazzer
                SBR Posting Legend
                • 05-22-08
                • 20209

                #8
                Still a chance for one more sell-off, but i think we now know where the bottom was in the financials.
                Comment
                • VegasDave
                  SBR Hall of Famer
                  • 01-03-07
                  • 8056

                  #9
                  Takes money to make money when it comes to big name stocks and unfortunately I'm still too young with no real money to play with.

                  I agree, I was going on the BAC will not fall, so when the economy levels out a little bit, it will return to splendor as well...

                  But the fact that everyone is withdrawing from small banks and going to big banks boosting their revenue makes sense, too.

                  Ugh, such a bummer. Loved it where you said it at 25 but saw it kept falling and once it hit 21 I knew it bottomed out. Blaaah why do I torture myself and keep checking it?
                  Comment
                  • JBC77
                    SBR MVP
                    • 03-23-07
                    • 3816

                    #10
                    Originally posted by usckingsfan31
                    Takes money to make money when it comes to big name stocks and unfortunately I'm still too young with no real money to play with.

                    I agree, I was going on the BAC will not fall, so when the economy levels out a little bit, it will return to splendor as well...

                    But the fact that everyone is withdrawing from small banks and going to big banks boosting their revenue makes sense, too.

                    Ugh, such a bummer. Loved it where you said it at 25 but saw it kept falling and once it hit 21 I knew it bottomed out. Blaaah why do I torture myself and keep checking it?
                    I got one for you. Keep (MF) on the radar. Just watch it for a while. You absolutely have a chance to make 4-8 bucks a share here. It closed strong today around $6.50. The window of opportuninty is closing on this one. Wait til' it has a down day and pounce.......
                    Comment
                    • VegasDave
                      SBR Hall of Famer
                      • 01-03-07
                      • 8056

                      #11
                      Alright I'll keep my eyes on it thank you hopefully it sinks back down a little for me
                      Comment
                      • JBC77
                        SBR MVP
                        • 03-23-07
                        • 3816

                        #12
                        Originally posted by JBC77
                        I got one for you. Keep (MF) on the radar. Just watch it for a while. You absolutely have a chance to make 4-8 bucks a share here. It closed strong today around $6.50. The window of opportuninty is closing on this one. Wait til' it has a down day and pounce.......
                        MF Global.....up $1.00 today on favorable earnings to $7.40.
                        I will hit the ball out of the park once again folks. 5 to 7 dime profit easy. I'll get $12 in due time......
                        Comment
                        • seaborneq
                          SBR Posting Legend
                          • 09-08-06
                          • 22556

                          #13
                          Keep this info coming. You guys are great.
                          Comment
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