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Buffett Selling Bank of America Is a Warning (NYSE:BAC)

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Collected nationally for 30 years. Victory Formation and Bottom Fishing Club pioneer of quantum sorting….. Paul Franke is a private investor and speculator with 38 years of trading experience. Mr. Franke was editor and publisher of the Maverick Investor® newsletter in the 1990s, widely cited by CNBC®, Barron’s®, the Washington Post® and Investor’s Business Daily®. Paul was consistently ranked among the nation’s top investment advisors for macro stock and commodity views by Timer Digest® throughout the 1990s. Mr. Franke was ranked #1 in the Motley Fool® CAPS Stock Pick Contest in certain parts of 2008 and 2009, from over 60,000 portfolios. Mr. Franke was Director of Research at Quantemonics Investing® from 2010-13, running several model portfolios on the Covestor.com mirror platform (including the site’s least volatile, lowest beta, fully invested portfolio). As of September 2024, he was ranked in the Top 3% of bloggers by TipRanks® for 12-month stock picking performance on suggestions made over the past decade. A contrarian stock selection style along with daily algorithmic analysis of fundamental and technical data has been developed into a stock finder system called the “Victory Formation”. Supply and demand imbalances signaled by specific stock price and volume movements are a critical part of this formula for success. Mr. Franke suggests investors use stop-loss levels of 10% or 20% for individual picks and a diversified approach of holding at least 50 well-positioned favorites to achieve normal stock market performance. “Bottom Fishing Club” articles focus on deep value candidates or stocks experiencing a major reversal in technical momentum to the upside. Volume Breakout Report articles discuss positive trend changes supported by strong price and volume trading action.

Analyst Disclosure: We do not/have any equity, option or similar derivative positions in any of the companies mentioned and do not intend to initiate such positions in the next 72 hours. I wrote this article myself and it expresses my own opinions. I receive no compensation for this (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

This write-up is for educational and informational purposes only. All opinions expressed herein are not investment recommendations and are not intended to be relied upon in investment decisions. The author is not acting as an investment adviser and is not a registered investment adviser. The author recommends that investors consult a qualified investment advisor before making any transactions. Any forecasts, market outlook or estimates presented herein are forward-looking statements based on certain assumptions and should not be construed as indicative of actual events that will occur. This article is not an investment research report, but an opinion written at one point in time. The author’s views expressed here address only a small cross-section of the data relating to an investment in the securities mentioned. Any analysis presented is based on incomplete information and is limited in scope and accuracy. The information and data in this article are obtained from sources believed to be reliable, but their accuracy and completeness are not guaranteed. The author expressly disclaims all liability for errors and omissions in the service and for the use or interpretation by others of the information contained herein. All opinions, estimates and conclusions are based on the best judgment of the author at the time of publication and are subject to change without notice. The author undertakes no obligation to correct, update or revise the information in this document or to otherwise provide any additional material. Past performance is no guarantee of future returns.

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