I added a small amount of Bank of America to my long term position. B of A dropped below $12 and I thought it was a decent buying opportunity. I have been dollar cost averaging B of A. Every month I add to my position on dips. I don’t know how long it will take to rebound but I love the long term prospects. I believe B of A could easily drop back to the single digits and I will use that opportunity to aggressively buy shares.
Make Money Investing The Warren Buffett Way
If you bought it below $5 last March, you’re a very brave man.
@Daniel M. Ryan
I did buy some B of A at 5 in March. I sold a lot of it for a quick profit. I think it will be in the single digits again.