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Registered User
Joined: 10/24/2005
Posts: 101
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BAC is at its 52 week high. Normally, I wouldn't short a 52 week high, but I dont think this rally can hold. This rally has lower volume than the April rally.
Anyhow, its worth risking a few puts option on.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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jryanweb
I would at least wait for some sign of weakness.
Even if its only 1 MACD histogram bar lower than the last.
Thanks
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Registered User
Joined: 3/9/2005
Posts: 71
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It's at a risky peak "possibly" here like in early May.
This can also do like it did last Nov-Dec 2005 too where it went side ways for a while from a rapid rise to a percieved peak! If you do some puts don't spend much on it. I see this as a very high risk play.
Rob
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Registered User
Joined: 10/24/2005
Posts: 101
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diceman, robwiley,
Thanks for the input. :)
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Registered User
Joined: 11/1/2005
Posts: 240
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look at this way, it just got above resistence,(new high?) which could become support if the mkt and stock keep going up. look for a weaker stock. you can follow BAC to see if it weakens.
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