Archive for the ‘Financial’ Category

Financials in general did not do well in the second half of 2010, plagued by regulations, rumors, and world riots. Not to mention, of course, that the largest banks are still losing money. One financial company though is making money, has been somehow...

BAC continued its rebound today, up 65 cents (or 5.42%) from yesterday's closing. BAC reached a high of $12.69. What's interesting today is that BAC broke through 2 resistances, the $12.06 resistance (tested 6 times) and the $12.36 resistance (tested 3...

BAC and SIRI are way up in the pre-market. BAC is currently up 22 cents (or 1.83%), trading at $12.22 in the pre-market, and SIRI is up 9 cents (or 7.22%), trading at $1.41 in the pre-market. I could've sworn that I saw SIRI trading at $1.48 at one...

Bank of America (BAC) closed today at the $12 level. This is, in my opinion, a very important psychological turn in the trend of the stock, which, until this very moment, is still bearish. However, as I stated earlier today, closing at this level can make...

December 8, 2010 | In: Financial

BAC Rebounding

Apparently, BAC is now rebounding, and is has broken the huge resistance located at the $12 level a few minutes ago. On a rather slow day, BAC is now up 44 cents (at $12.01), or nearly 4%. To put things into perspective, let's compare it to other...

November 30, 2010 | In: Financial, Opinion

BAC and Wikileaks

Wikileaks, a famous name that almost every politician hates, is now making itself a name in the financial sector. Apparently, Wikileaks claim having the hard disk of a BAC executive. According to Wikileaks, the hard disk has about 5 GB of "classified"...

If there is one scary stock out there, it's AIB, it's completely unpredictable, it can go up 10% or down 10% in one day, it can play between -10% and +10% in one day, it can trade in the after hours at 10% less or 10% more the stock price, and it can...

October 25, 2010 | In: Financial

Citigroup Is Set to Jump Today

C closed Friday at $4.11, it is currently trading at $4.24 in the pre-market, up 3%. Why is that? Apparently investors are sensing that the Citigroup is one of the very few financial institutions that is shielded by the treasury, for reasons that may only...

October 22, 2010 | In: Financial

AIB, the Next AIG?

I keep watching AIB's stock every day, I don't know why this stock in particular interests me. I have warned against buying it a couple of times, and it dropped almost 50% since the previous warning. Now at the current pricing of $1.13, a drop of 1 cent...

October 20, 2010 | In: Financial

BAC: Is There an End in Sight?

Every time I buy BAC I regret it later on, even though I vowed many times not to buy this stock, I still buy it thinking that it's undervalued, and I still believe that it's undervalued, but obviously the market doesn't. BAC is now trading at $11.59 in...

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