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BB&T Corporation Message Board

  • matollionequay matollionequay Jan 20, 2009 5:39 PM Flag

    BBT vs XLF

    BBT down 11.09% today. XLF down 16.53%

    XLF volume up 50% over daily average. BBT volume up 150%.

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    • buynwily Jan 20, 2009 6:56 PM Flag

      Hope my broker sold mine today. That firm could have added a lot of volume bailing out.

      • 1 Reply to buynwily
      • The reason I pointed out the difference between the XLF and BBT in yesterday's price performance was to highlight a potential disconnect.

        Yesterday's plunge was part of an overall rout in the banking sector. Part of the reason for the rout appears to be a concern that some of the large truly "troubled" banks may be on an unavoidable path to nationalization which may mean a total wipeout of sharholder equity.

        I can't imagine that BBT is in that danger.

        Unfortunately some of yesterday's most hurt stocks were of banks that had performed well enough to allow them to take over bad banks. See PNC.

        Also unfortunate was the announcement of results by Regions, a previously well regarded regional though, I think, not as well regarded as BBT.

        I took a chance yesterday and put in 2 limit orders that I thought were quite aggressive. Both were executed before the close.

        We'll probably get a bounce today but everything is on hold for earnings.

        Is BBT a "baby in the bath water" or just a turd that floats better than the other turds?

35.54+0.560(+1.60%)May 24 4:03 PMEDT