Bank of America (BAC) Flirting With $6

Bank of America (NYSE: BAC) has been trading at a rapid pace this morning and briefly just crossed the $6 level only to fall back to $5.93. Just yesterday, Bank of America was trading under $4 per share so this stock is definitely a trader's dream, but long-termers should stay far, far away.

The spike in Bank of America is likely due to an interview that CNBC will be airing around 11:30am this morning with BAC's CEO Ken Lewis.

An investor/trader must question whether Bank of America will fall back to the sub $4 levels on fears of nationalization, but for America's sake, let's hope not.

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Bank of America Corporation is a bank holding company.