Below we will be discussing BAC, NFLX, RIMM, INTC, SINA
Bank of America Corp (BAC) - Bank of America Corp (BAC) hit $7.22 this morning but is now rolling over and trading in the $6.70's. BAC has support at $6.31 in the short term which was the recent low. BAC will now have resistance up around $8.00. BAC is a sell above $8.00 on any rally. Dick Bove said on CNBC that he's not buying stocks yet but if he was, he'd buy Bank of America. Donald Trump recently bought BAC stock as well.
Netflix Inc. (NFLX) - Netflix Inc. (NFLX) hit $203 this morning and is bouncing above $210. NFLX stock will have resistance located at $220. NFLX will have support down at $200. NFLX is a light buy here below $210. If NFLX dropped below $200, the stock becomes a strong buy.
Research in Motion Ltd (RIMM) - Research in Motion Ltd (RIMM) stock is testing $27 on Monday. RIMM will have support down at $24. RIMM will have resistance located at $30. The only reason I'd buy RIMM right now would be as a takeover target.
Intel Corporation (INTC) - Intel Corporation (INTC) is trading back below $20. INTC will have resistance located at $21.20. Intel remains a strong buy below $21. INTC has support down at $19.00 right now.
Sina Corp (SINA) - Sina Corp (SINA) stock is surging back near $100 this morning. Reports out there have Sina investing 40 million in Tudou Holdings (TUDO), the recent IPO. SINA is a sell above $100 and a buy below $90.
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