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At the end of last year, I picked the brains of several investing experts for a single stock pick they would recommend buying on the first trading day of 2011 and selling on the first trading day of 2012 – with the goal of beating the market for the calendar year. The pie-in-the sky hope was that our 10 best stocks to buy for 2011 that would give normal Joes a simple and tax-efficient opportunity to beat the market in 2011 thanks to our recommendations. On the whole, that dream appears to be playing out thanks to a handful of standouts.  They include Zalicus (NASDAQ: ZLCS ), a biotech stock picked by Michael Murphy that has gapped up 75% in less than four months, and fabless semiconductor play Mindspeed Tech (NASDAQ: MSPD ) picked by Nancy Zambell , which is up over +25% so far in 2011. So what my part in this list? Well, I cast my lot with that dog of a financial stock Bank of America (NYSE: BAC ) – both in my recommendation for our feature and for my own brokerage account. Specifically, I bought 75 shares at $13.34 a share. Read my initial reasons for buying Bank of America here. After some poor earnings and the Fed’s dividend denial, I’m 8% in the hole since my buy-in right before New Year’s. But even now I can’t bring myself to cash out of my BAC shares at current pricing and diving into AAPL shares at current pricing. Here’s 5 reasons why I can’t sell Bank of America… at least not right now. Corporate focus and restructuring. Before the financial crisis, Bank of America was an aggressive acquirer. The much-maligned Countrywide deal is the best known these days, let’s not forget the $47 billion in cash and stock for FleetBoston in 2004 and $35 billion for credit card powerhouse MBNA in 2005. While BofA is far from a streamlined corporate operation, the harsh reality of the financial crisis and end of acquisitions has forced the company to focus on integrating operations and cutting out the fat. That should result in improving earnings even if all things remained equal. Mighty Merrill Lynch : And what’s more, the fire-sale purchase of Merrill Lynch in 2008 has given Bank of America access to bigger revenue streams. Merrill has strengthened Bank of America’s high-end investment offerings, and opened the door for more corporate advisory work and wealth management. Considering that the first quarter of 2011 was the best for M&A since 2007 – and that BofA Merrill Lynch ranked third in the advisory spot worldwide, ahead of vaunted Goldman Sachs (NYSE: GS ) – Merrill’s business segment will be a very profitable enterprise in the months ahead. In fact, it already is judging by the performance of BofA’s “global banking and markets” segment in last week’s earnings report.

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