Oh please. Spare us your nonsense. Let's see....EVERY quarter during this recession they have shown a profit. When do you think they will let the cat out of the bag on their awful performance? Please get real.
Emotions and investing are a bad mix. Going long BB&T has been a bad deal for a "long" time. Getting frustrated over the reality and blaming manipulation by some secret evil entity will not resolve the lack of performance.
There is potential profit in BBT by utilizing options.
I did fine buying in November (11/4 actually). Still up 15% at today's prices, although I didn't buy it for quick flipping. BAC had a nice report and may have been way oversold (although I am afraid to touch it with a barge pole). There certainly can be sell the news. And there can be sector rotation.
Someone else mentions it isn't the cheapest bank stock, although things can be cheap for a reason, and I don't see any evidence it is a poorly run bank. Quite the opposite.
Me, I don't blame manipulation. I believe it will be higher down the road. Whether that's $35 in a year or 2, or $55 in 8 years, or whatever.