Don't forget the $160m+ cash payment from DB to boost the balance sheet which will show up 2Q, and additional future loss share agreement as well.
I have this feeling the stock will sell off in the first half hour with the rest of the financials (thanks JPM), and then will rip higher for the rest of the day. Might be tempted to try to pick up the May 13 strike calls for a nickel early if that happens.
I wish. And I didn't even buy the 13 strike calls, as I was in a meeting. Somebody got them for 15 cents and made a quick triple. Hopefully somebody read my prediction.
I think we could get to $14-$15 in the next week if markets don't tank. However, the stock isn't as shorted as it used to be, so not likely to squeeze. The Moody's overhang remains. If they come out and change their rating outlook to stable it should rip back to $18-20.