CONSIDER SELLING 75% OF BAC
On Sept 16,2008 we recommended considering buying BAC. We bought at $22. Our thesis for buying remains intact. However, in view of out sized gains in just three days, we exited at $38.83 on Sept 19 right after the open. Those still holing BAC should consider selling 75% of the position here and buying back again on dips in twenties. Exact entry points to be determined by news, sentiment and money flows.
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September 21, 2008