December 26, 2012 I added to my Bank of America warrant position. Purchased more Bank Of America warrants at $5.32.
December 20, 2012 I came across the following article on warrants on Bank of America stock. Warrants are like options on a stock. http://seekingalpha.com/article/1072671-bank-of-america-warrants-alpha-rich-trade-to-leverage-capital-gains In January 2009, Bank of America issued Class A warrants to the Federal Government as part of its TARP bailout where it received loans from the US Treasury Department (Treasury). As… Read more »
December 18, 2012 Been watching for other dividend paying stocks. I want to diversify into a different area than what I already have. Completed a test purchase of a small amount of shares at $12.50 a share in Navios Maritime Partners (NMM). NMM is a master limited partnership, and pay a quarterly dividend. The dividend… Read more »
December 5, 2012 BofA powered into a new high and closed at 10.46, up 5.66% today on huge volume of 463 million shares! My order for 700 shares was filled at 10.12. This is exactly what you want to see on a breakout – huge volume! Stop-loss is at 9.87. FYI, HP closed today… Read more »
November 27, 2012 Been watching Bank of America as a trade. The chart is setting up a nice cup with handle. My feeling is that almost 4 years after the 2009 low, BofA is setting up to make a move into new 52 week highs. High is 10.11. Placing a buy-stop order to purchase BAC… Read more »
