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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Suma who wrote (26727)5/3/2007 11:50:23 PM
From: Spekulatius  Read Replies (1) | Respond to of 78915
 
BAC & C
Why did you choose to switch and invest in BAC..

Because C is up and BAC is down. The stocks are more similar business wise than they are different. I do not see a reason why C is up more than 10% while BAC is up a mere 2 %. I am betting that those stocks will converge.

FWIW I still kept my C in my taxable accounts. I would not sell below 60$ in those.