Solid day, with strong rally. Weak day with some financials but after the bell, hedgefund billionaire "king subprime" John Paulson, disclosed a 162 million share stake in Bank of America! That is big because Paulson made 400% last year on the subprime crisis and by this huge long position, it shows that he feels that the worst is over. We have been hammering BAC for months and this stock has potential to be $28+ by late 2010 or 2011.
As for buys, I added STAR and took a position in TSRA too (technical difficulities, couldn't post). I think these are two of the best mobile internet plays in the market and each were down $2-3 bucks from where I saw them last week. I will add to both on dips. Cramer came out with a mobile internet index last night (will post clip). This has the potential to be huge over the next 2 years, the exposure in this sector is priceless, in my honest opinion.
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