One day this week BBT will make a statement that will be something to the effect that they are strong and have plenty of coverage for perceived losses, which have been overblown by outsiders. This will happen. $15 for this stock, even if there are some loan issues, is RIDICULOUS.
If you are a long term holder, be a long term holder and ignore the noise between earnings calls. The last thing you want is management coming out with a lame statement about it being "strong, well capitalized, and open for business" like Bear, Citibank, Lehman, and B of A have done. I would prefer they keep better company.
I for one would rather that management keep executing on bringing new deposits in the door, and hording them until they get Buffet like returns (10%-15% plus).
OK, just for you, I'm nailing the windows shut so you don't jump out.
This is the easiest money to be made. Short in a bear market. This is a bear market. It doesn't matter if this bank is the best bank in the USA. It's a bank and it's crap to everyone regardless.
I'm covering under $10.
Sorry you guys are in denial.