Seeking Alpha

Jason Schwarz's  Instablog

Jason Schwarz
Send Message
Jason Schwarz authors the popular Economic Timing investment newsletter. His fundamental and technical research has become a primary resource for hedge funds and individual investors. Schwarz is the Chairman of Apple Investor Summit, he's a CFA instructor, and has emerged as a financial writer... More
My blog:
ECONOMIC WEATHER STATION
My book:
The Alpha Hunter
  • Today's Strategy and BAC interpretation 2 comments
    May 7, 2009 12:27 PM | about stocks: BAC

     1. Obviously I love investing at this stage of the economic recovery but today is not a day I am buying. In fact, I am selling down to raise some cash. If the market continues on I'm fine because I'm still in but what I really want to do today is reposition and be ready to buy on a pullback. The market has gone up on pretty much every employment report this year. Just when you're sure it will happen again...

    2. Bank of America investors see a much bigger picture than the stress test capital raise. They see this as an end to the crisis and on to a beginning where this company owns the world. Every other American citizen is now a BAC client in some way. Consensus opinion will tell you that Ken Lewis is a chump but the opposite is true. He made some brilliant long term acquisitions, sure he overpaid in the short run but the short run is irrelevant. This big picture point of view is what led me to write my 'BAC going to $20' article back on February 20th when the stock hit its low of $2.53. It is well on its way and I wouldn't be surprised to see it far surpass the $20 mark as we approach 2010. Again, I wouldn't buy it today but you need to understand the action. Don't be so confused.

    Stocks: BAC
Back To Jason Schwarz's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (2)
Track new comments
  • Rohan C. Pease
    , contributor
    Comments (186) | Send Message
     
    I reasd your article on BAC going to $20; and I did my homework and invested a large amount in the company. I've made unbelievable returns, keeping a core position since it traded at $3.07 / share. I am a customer, I do commercial banking with them every day so I knew it wasn't going to zero.

     

    Thanks for the Feb 20th article, it made me alot of money. I agree with your views on Ken Lewis, he made some unbelievable aqu's, he had been eyeing an investment bank for his charlotte empire back in 2003 when I was attending business school. So in that context he bought Merril for pennies. Give the man an award!
    7 May 2009, 04:22 PM Reply Like
  • cer
    , contributor
    Comment (1) | Send Message
     
    I also made a lot of money with your bac article, thanks. I´ve just bought apple, any other suggestion? If you came to Spain let me know, I will pay you a dinner
    8 May 2009, 01:01 PM Reply Like
Full index of posts »
Latest Followers

StockTalks

More »

Latest Comments


Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.