Unfortunately, my wire still hasn't posted to my account, which means I am still violating E*Trade's "interpretive guidance" of the Fed's Regulation T.
Note the strategic use of the word "interpretive," which to me, means it's open to interpretation. But whatever, I wired the funds. When they post, they post. And from the way things look, I might just be able to get prices close to Warren Buffett's levels. And if not, there's always a Plan B.
Still, I sold off NOK and my top secret restaurant stock and got into BAC at $7.73. It was a small partial position, but I'm going to target $10.66, which is the 50% Fib level of the 52 week high and low.
Let's go...
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