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jryanweb
Posted : Monday, July 24, 2006 11:55:32 PM
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Joined: 10/24/2005
Posts: 101
 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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diceman
Posted : Tuesday, July 25, 2006 12:15:50 AM
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Joined: 1/28/2005
Posts: 6,049
 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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robwiley
Posted : Tuesday, July 25, 2006 2:05:01 AM
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Joined: 3/9/2005
Posts: 71
 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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jryanweb
Posted : Tuesday, July 25, 2006 10:33:53 AM
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Joined: 10/24/2005
Posts: 101
 diceman, robwiley,

Thanks for the input. :)
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jimstacy
Posted : Wednesday, July 26, 2006 11:59:43 PM
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Joined: 11/1/2005
Posts: 240
 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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