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Flagstar Bancorp Inc. Message Board

  • jeffwtux jeffwtux Feb 26, 2013 11:42 AM Flag

    Just bought more @12.95

    panic selling

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    • Congratulations, you already have a 3% profit!

      Sentiment: Strong Buy

    • Jeff,
      Nice buy. I don't think the action this morning was panic selling. Simply an absence of buyers with no volume. Someone could dribble small lot sells until the price got below $13 and then just before noon, back up the truck when yes, there was some foolish selling. I don't have the resources to try something like this -- but looked like easy pickings... Anyway, glad you added under $13. BTW, at that level, it was the same as buying the day after the last R/S -- which was were smart money should have started to accumulate. FBC for the past month has been a play toy of traders -- I don't believe that is the case on most movement in stocks. But here with FBC, it way, way underperformed peers and the market for the past 4 weeks. Negative sentiment started with misinterpretation of Q4 results and blossomed with the legal dump.

      All the very best,
      Don
      PS -- Corvette -- could you possibly stop flooding the board with short responses to old messages?

 
FBC
18.12-0.28(-1.52%)Jul 2 4:02 PMEDT