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BAC: It's a Buy, or a Sell - or Maybe ...

August 8, 2011

"This is what makes horse racing - different strokes for different folks."  

This from theflyonthewall.com at 8:22 a.m.:    "Bank of America falls to fresh 52-week low, support at $7.60, then at $6.90."

This from Benzinga.com at 7:48 a.m.:   "Citi is out with its report today on Bank of America (NYSE: BAC), reiterating Buy."  ...  "We rate the shares of Bank of America Buy/High Risk (1H). We believe BAC represents the best value in the group  ..."  [BAC] "continues to offer investors the best way to invest in the banking sector."

Depending on one's point of view, the above messages indicate a buying opportunity, selling opportunity, or just a reason to hold and hope for the best.

Meanwhile, over at the corporate offices ...  BofA CEO Brian Moynihan's fate is looking somewhat tentative.  Then again, ...