Thursday, August 6, 2009

BAC

It looks like we win again here but I believe this still has good upside.

This is the best large cap bank for the buck, hence the huge ramp in price. This is also a great play, along with WFC on housing. I believe BAC will be a $20 dollar stock in a few months and by sometime next year will be in mid or high 20s. The worst case for the stock is $11 from my analysis. So at $17 there, shorterm there is 6 down 3 or 4 up but in a 15 month view 6 down 10 up.

Hban and key are my favorite speculative banks.

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