I have checked all the recent posts and still do not find any convincing explanation for the $1.54 drop in this stock on Friday. Banks stocks were down a little, but this one was down a lot. "Manipulation" and "options trading" don't offer any details and sound pretty feeble. There is no vast right wing conspiracy to drive this stock down; something else is afoot.
For now I will stick with my original thinking, that the Barron's article has given investors a reason to reassess BBT's valuation. It was only one sentence, I think, in an article about rising loan delinquencies, but apparently some have interpreted that to mean bad news is coming on the credit front. I doubt it and will continue to hold my position.
Here's a better theory: ML issued a sell report on Key and Regions on Friday. They cited credit weaknesses, asset sensitivity and core earnings weakness. Some people equated the two with BBT and sold BBT down as well as the other two. Now they realize that BBT is neither Regions nor Key and are buying BBT back. All three banks fell significantly on Friday, but BBT is coming back today and the other two not so much.
Works better for me than "taking profits" or "more supply than demand."
He isn't called numbie for no reason. Plain and simple, he lost, so it's someone "else's"/wormie fault ala management, which is his idea of brilliant and insightful analysis, offered regularly, and seconded by fweeqie. They can't and won't answer your question
Ok then, Management is great and that's why the stock tanked. Or how about this BRIGHT idea, Einstein, the stock was at $27 in January and shareholders decided to take P-R-O-F-I-T-S. Is that BRIGHT enough for you, you dim bulb?
Management blows...how's that for an explanation, or maybe 10 year stock appreciation = zero, that's another good one. Cultish endeavor this is, nothing more. Pumpers are all simpleton kool aid drinkers.