To: Keith Feral who wrote (41365 ) 12/6/2012 9:24:26 AM From: Fintas Respond to IF not for the agenda of others BAC would be sitting comfortably at 24 with 19 as it's pivot getting ready to make it's way to 29/35. It was readying to do such going into 2011 after bouncing from the lows of 2009 and 2.75ish to the 20ish. Along the way, we had an admin sticking their nose into their business and trying to muscle BAC into doing it their way. BAC refused to go the way that C was forced to do and as a result BAC was punished and not allowed to increase the dividend that they were prepared to do in 2011 FEB. Along came arab spring and before one knew it the stock which was readying to blast up thru 19.44 again to take out that 24.30 in 2011 found itself dropping from 16 to 11.34 and then UNDER. Then the ABNSS got involved and say hello to 5's. Then Buffet did the smart thing because he understood the numbers and hello 8's. Retest, final low, say hello to 10.10, pullback to retest the 7's and here we are now about to retry for that 11.34. So the question is do we go there first to then retest the 9's or do we retest the 9's to then go up thru and kiss 9 good bye, soon 10..soon 11.34, 14.58, 19.44. ALL possible this coming year i.e 2013. And when that happens and many realize the footprint BAC has and the components from which BAC will take in $$$$$$$, many will wish they had bought BAC as a core.
