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Strategies & Market Trends : How To Write Covered Calls - An Ongoing Real Case Study!

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To: mc who wrote (11629)12/17/1999 3:42:00 PM
From: mc  Read Replies (1) of 14162
 
Is anyone looking at BAC at these levels? It has been beaten down pretty hard. I promised myself I'd take a closer look at it once it went below 50 - here we are.

RSI is low and it is bumping down the lower BB. I would think that the 4%+ dividend rate will give it a little bit of price support and limit the downside.

P/E is around 12 and 1 year projected growth is about 15% - 5 year projected growth is around 12%.

It's not very sexy, but then neither was DIS and it is performing very well.

Take care all,
mc
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