Sold Bank of America ($BAC) in the premarket

Sold BAC in the premarket today at $14.80 after acquiring it at $13.87.  After reading an article from marketwatch that they plan to raise 1.25 billion shares at $8.79. 

Really have no trust at all, especially when they said yesterday that they planed to raise it through an ATM program.  Will look into it next week, but for now I am locking in my gains. 

Source: MarketWatch

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