trading

Bank of America Trade

Last week we talked about how we purchased Bank of America (Public, NYSE:BAC) shares under $5. We got in on Thursday Feb. 5th at $4.30. We exited our position yesterday when the stock got to $7. That is a 60% gain in 2 days!! Even if you got in at $5 and sold at $6, you still would have made 20%. The Buy and Hold strategy that is taught by financial advisors is taught because that is they EASY thing to do, but it’s not the RIGHT thing to do. When you understand what makes the markets move, you will like your results a whole better.


Discussion

2 comments for “Bank of America Trade”

  1. Ok, now you’re starting to talk about some stocks.

    Posted by Probably somebody you know | February 16, 2009, 8:33 pm
  2. I need to talk to you about this – I asked you about this January 26th. Holla at your girl!

    Posted by money maker | February 19, 2009, 7:35 pm

Post a comment