If you ever said to yourself that you wish you hadn’t missed out on the BAC move last summer- here is your chance for redemption. Before putting in a low of $5, BAC zoomed to $10 and caught a double. Why is it so cheap again? Profit taking was one issue I’m sure, but of course you have all of the banks coming under scrutiny after J P Morgan’s fumble, making investors believe there is more regulation to come. If you feel otherwise, then MS, BX, JEF, BANR, and WFC look like decent short- term buys. BAC at 7 was a steal last summer, and the $8 June 16 calls are only 8 cents per contract…
