I know everybody expects that BBT will go up, and I suspect it will. I'm selling into the gain if it comes. But I think this opens the door to JA using this as an excuse to buy ASO or some other significant purchase ("We had to move while we had the chance! In the long run, and our shareholders have come to look in the long run, it will be accretive. Probably by 2015!"). This will likely drive the BBT price way down.
IMHO only. You pays your money and you takes your chances.
Thanks for your thoughts. I have been a long long term investor and my post have indicated that over a number of years. I now have in mind selling somewhere around 39 and getting out of BB&T. I may miss a big gain if a buyer comes in at 45 or 47 or maybe 51. In the meantime my sale at 39 will guarantee me a very nice profit. Cap. gains are only 15%.