rjm77me's Blog : To make money look for extreem market reactions

Market participants over react 60% of the time - up side or down side

check out NOK - overkill yesterday. I am not saying that NOK is a buy - one can still make 3% from buying NOK yesterday and selling today.


AMTD - overkilled today for following news - over reaction assumes that all the brokers will loose 10% customers in next 3 months???
Bank of America Merrill Lynch (BAC.N) expects to launch a new online brokerage service on Monday to attract less affluent investors who trade through discount firms like Charles Schwab (SCHW.N) or E*Trade, a bank spokeswoman said on Thursday.

The service, called Merrill Edge, will court clients with $250,000 or less in investable assets and place it in direct competition with other online discount brokerages like TD Ameritrade (AMTD.O) and E*Trade Financial Corp (ETFCD.O).

Roughly 500,000 existing Bank of America online brokerage clients will be transferred to the new service throughout the summer.

Merrill Edge combines the bank's legacy online brokerage operations, Quick & Reilly, and Merrill's Internet and call-center platform. Charlotte, North Carolina-based Bank of America acquired Merrill Lynch in 2009.

Merrill Lynch's wealth operations typically work with accounts with more than $250,000 of liquid assets and sometimes those with several million dollars, primarily through its 15,000-member