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Bank of America (BAC) is tagged a "Tactical Trading Sell" by Guggenheim's Marty Mosby, who...

Bank of America (BAC) is tagged a "Tactical Trading Sell" by Guggenheim's Marty Mosby, who reasons the stock stands near the front of the line for those taking a hit should the economy get hurt by the fiscal cliff. Bullish on the stock longer term, Mosby says BofA could trade below $8 over the coming 3 months.
Comments (3)
  • jeffreychood
    , contributor
    Comments (43) | Send Message
     
    So this analyst believes BAC is currently trading below its intrinsic value (he is long term bullish) yet he attempts to predict a fall in price due to the short term folly of the crowd. Such short term predictions are a fool's game.
    26 Nov 2012, 10:20 AM Reply Like
  • chad2
    , contributor
    Comments (232) | Send Message
     
    to jeffreychood,
    Please tell us how anyone can realistically calculate B of A's intrinsic value? Can you calculate their toxic assets into the formula?
    Chad in CO
    26 Nov 2012, 12:14 PM Reply Like
  • herschfields
    , contributor
    Comments (95) | Send Message
     
    I was thinking BAC could trade below $13 over the coming three months. On second thought, $8 is below $13. I also think we will meet the challenge of the upcoming "cliff" and, if so, above $12 might be good for the short term. Not much to base this on other than looking at the current position of BAC and it's relationship with the other financials and the market. I also believe that "too big to fail" is still an ace in the hole for BAC.
    27 Nov 2012, 01:52 PM Reply Like
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