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re: Is BOA a $70 stock?

Posted on 4/8/14 at 9:56 pm to
Posted by BlackCloud
Above It All
Member since Jan 2014
3820 posts
Posted on 4/8/14 at 9:56 pm to
I think 40 or 50 is more reasonable over the next 5 or 10 years. I am short BAC via put options currently but will turn around and make a long-term position if it pulls back to 15 like I think it will. Good luck.

Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 4/8/14 at 10:10 pm to
It occurred to me the OP might have been talking about Bank of America but since it's trading at roughly 16 and not 70 I didn't think that was what he meant.
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