Unless people need Christmas money, why would anyone sell this stock? It can only go up with the cash injections, and stability of the banks. All the great banks will win over the next 36 months. BBT is one of them.
I believe that there is another shoe to drop here. I know that the bank is very well run and I thought there were well capitalized so I am confused as to their recent moves. I love owning this bank and know that they will NEVER cut their dividend. Every presentation they do highlites that they are one of only a few companies that have increased it every year for some crazy number of quarters but they also have a good amount of exposure to local projects in the commercail area. Since they run the bank like communitiy banks they lend with different criteria depending on the area they are in. I do not think that we have seen everything yet. I know they are not going out of business but I do think that they will announce some sort of problem in the near future. I am still not selling my stock but I may trade it. This stock is a great trade. You can make 4 to 6 points trading it in a matter of days. But if the worst happens you can hold it and collect the dividend and wait for it to come back. WHo ever thought you could day trade a bank stock for 10-20% in a day or two. I love this market! Any one have thoughts on what might be ahead of us at BBT?