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 [...]
Today Bank of America has fallen below $5. Investors believe that Bank of America will eventually have to be nationalized (Government takes over the company) to stop it from going bankrupt. Next week the Treasury will announce their plans on how they will move forward with big institutions that are “To Big to [...]