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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: sandeep who wrote (49838)	5/8/2013 3:55:48 PM
From: Fintas	Respond to of 220355

Well heck you should be buying those calls. Keep in mind I own CORE. I'm sure there are those who will sell them to you. BAC has to get past 14.58 convincingly to then take out 15. It's got a gap up in the 11's. RSI, says it's got 10% in it. HMM . The time to be looking for a breakout was way way back when. NOW it will be constrained by those praying to get out from where it dropped significantly. Just under 15.. to go to 11 ish and then 9 and woosh the 5's. If one wanted to buy BAC as a long and for 25..SURE buy it on a dip.. If one wants to be patient then should get if for less and possibly in the 11.75. But for those who think BAC is going to be at 15 come JAN 14 I say step up.. pay .45 ish. Heck if it blows to 18 that's a big move. Or heck just a 16 makes a double. HMMM cept why am I writing covered calls if I really believe such. HMMM After all I was buying 7's for 2014 and 9's.. Why am I writing covered calls now ? Cuz my numbers supported the calls when I was buying them. My numbers do NOT support doing such now. Thus writing calls. Bank sector is also too far right. Good luck Fintas