With an hour to go into the trading day, BAC caught a nice bid causing a 2% move up in the final hour. Apparently a Reuters report released around the same time questions the integrity and damage associated from the to be released Wikileaks documents.
Shortly thereafter, a Wikileaks release highlighted a planned strategy by BAC to go on the offensive ahead of this release by Wikileaks.
The Reuters story reads right into the BAC strategy. I am not a fan of BAC at all and am short the stock via various call spreads. I find the Reuters story highly suspect though only time will tell where the "truth actually lies."
Shortly thereafter, a Wikileaks release highlighted a planned strategy by BAC to go on the offensive ahead of this release by Wikileaks.
The Reuters story reads right into the BAC strategy. I am not a fan of BAC at all and am short the stock via various call spreads. I find the Reuters story highly suspect though only time will tell where the "truth actually lies."
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