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BB&T Corporation Message Board

  • scarbrobill scarbrobill Jul 18, 2013 9:52 AM Flag

    Earnings

    Unbelievable, BBT earnings beats on both sides and the pps goes down.

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    • Will they EVER be able to please the analysts? Simply unbelievable. Best bank stock period.

      • 1 Reply to marifry
      • NOT the analysts who are trading. Intraday trading charts are often very curious often enough to pique my interest. Sometimes BBT opens with a spike followed by a sharp correction then a counter correction and generally a good to strong trend for the rest of the day.

        Another phenom is that a strong start is followed by a correction that shaves the initial surge but does not take away all of the pop BUT then the price line is flat with vibrations close to, but rarely touching above, a certain amount. The chart appearance brings to mind the old flattop haircuts like the Fonz wore, and a few of my friends in the late 50s. They looked like someone had sell orders sitting on the price at that level like a flatiron.

        Sometimes there is a combination of the 2, day opened with almost a 2% drop by the 6th minute of trading and then a strong correction that burst through to a 2.57% surge (from 34.20 low to the 35.08 high (so far)) during the ensuing 38 minutes of trading. At that point a flatiron was being applied which mashed the chart back down to 35.04± which seems to have been a "cap" on trading prices created by the sell orders. There was a short stab at dropping the price which vaporized and trend appears good up till the time I am writing this speculative bit of prose.

        Although we do not see a spike at the start of the day, could the initial sell orders be playing on anticipation of market reactions to the earnings (buy the rumor, sell the fact) which ploy was quickly discredited by a very strong report?

        All of this on the platform of strong volume for the day, so far - 3,384,382 at 1:49PM v. 3,843,630 daily average shown on the chart today.

        As should be obvious to any TA I am NOT a TA but simply a curious spectator / investor whose curiosity is strongly piqued by the BBT charts I have seen over the past 4 years or so.

        My hope is that I am able to share my pique with someone who has the TA resources to pull together a cogent analysis and share it with us.

        Sentiment: Strong Buy

    • Doesn't make any sense to me either! Looks like they had a good quarter, and beat expectations.

      Sentiment: Buy

 
BBT
36.07+0.70(+1.98%)Oct 21 4:01 PMEDT

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