I think all these layoffs are an indication of meeting or exceeding earnings target.
July 20 calls @ $30 = $0.50
May be a good idea to buy now and dump even b4 earnings.
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Bank of America: Topped Out?
Bank of America reached a high for 2018 in intraday trading on March 12, at $33.05 per share. Its opening price on July 5 represented a drop of more than 15%. A bearish reading of the charts suggests that Bank of America stock may be in the midst of a long term decline, possibly even giving up most of its gains since Election Day 2016. (For more, see also: Bank of America Stock Could Enter Steep Decline.)
https://www.investopedia.com/news/6-big-bank-stocks-may-face-more-pain-ahead/?partner=YahooSA&yptr=yahoo
But if you traded in the mentiined timeframe you would have made $$$
Which you could have spent by now on vacations or strippers or both :)
The stock is dropping was originally around $32 - $33 earlier this year now it's $27. Someone needs to answer for this? Those at the top are responsible and should be held accountable for their weak performance over this period.
I feel sick already.
😂😂😂
Time for the percolator!!
F--- it 3 hrs to go. Strippers all night...
GTO!, GTO🎉🎉🎉🎉
https://m.youtube.com/watch?v=lKcr5vkOxNs#
😂😂😂🤸🤘🤸🤘🤸🤘🤸
F---!!!!!
This sh-- is insane!!!!!!;
🤸🍻👯♂️🎉🎆🤙 (shocker :)
You were right about &Citibank
Glad I took a position on it.
Why wait so long? I hope you meant strippers now til Friday. Then sick day on Friday GTO style 😁😁😁
Stripper Friday???
T -2:25
Looking to dump original investment today and ride the rest.
You were up 100% in the open. Wondering if you sold? Not bad for 1 day return.
🌧️ :)
Announcement of 12B buyback made
https://www.streetinsider.com/dr/news.php?id=13055104
I imagine article worked on 6/27/2017. Published on 6/28/2017.
~7% move from $23 - $24.67
Historical BAC during announcement
https://ca.finance.yahoo.com/quote/BAC/history/
Jun. 30, 2017 24.62 24.62 24.17 24.26 23.85 84,005,200
Jun. 29, 2017 24.58 24.67 24.04 24.32 23.91 150,501,200
Jun. 28, 2017 23.53 23.96 23.53 23.88 23.47 119,049,300
Jun. 27, 2017 23.10 23.60 23.00 23.27 22.87 88,257,800
Speculation is BAC will raise divi by over 50%. So will JPM. Citi will buy 10% of it's stock.
Citi may be better for speculation.
August calls @ $67.5 ~ $1.9 (I think it's raining inside me :)
Earning = 6/13
&bank-of-america buybacks amounted to $4.9B during 1st qtr.
150 contracts at $0.18 for July @ 30. Let's get moving BAC.
Give share holders a $0.01 cent dividend increase so that we can get over $30.
What's your guess for divi hike and share buybacks?
Or today depending on location :)
https://m.nasdaq.com/article/bank-investors-await-us-stress-test-results-for-capital-returns-20180621-00033
Big test results tomorrow.
$0.47 @30
Can also buy calls @ 30 = $0.50
Sell calls @ 31 = $0.22
For a total investment of: $0.28 ($0.50 - $0.22).
I still prefer just the calls @ 30 for $0.50 .