Being Long on BAC

Normally, I would like to think of myself as a day trader. With this Bank of America stock, I just can't help but think that I will make a much larger gain if I just hold on to it, rather than buying and selling into other stocks. Not only am I avoiding the fees that I would incur, but I believe that within a few short weeks we could see BAC back at the $15-$17 mark, which is nearly a 70% increase over what it is today, and yesterday it had a low of $7.

So until I am rid of this stock, I'll just give you some little stock alerts, and not too much detail into the company, mainly because you know the one I'm really rooting for is Bank of America :)

My stock pick for today is:

PEPSI, sure I don't like their soda, I'm a coke man myself, but their stock is a winner.

PEP

Current Price: $49.12

Buy Price: $47

Sell Price: $56.5

Time Frame: 1 month

Details: The idea behind this stock is that I'd like to set the Buy price at where Pepsi seems to like to bounce back from, if you look at their charts, $45-$46 is usually where they stop going down in not so good times, and it doesn't look like they drop off any more than that. So whats that mean for an investor? Buying this stock at $47, you may go down a couple points, but shortly thereafter you'll come roaring back, and have a nice 20% gain within a short period of time.