If you want an investment that goes in only one
direction, buy CDS, treasuries, or money market funds. If
you want to get rich, turn off your realtime quotes
and give this stock five years. Some of us already
know the power of BBT. Some of you will learn. Others
will be too stupid to find out.
OK. I punched up
The stock is off slightly, but is still selling near
its 52 week high.
Take a look at "C"'s
In point of fact, the enire
commercial banking industry has not sold off.
to me to say "Double up makes sense when loss is
across the board, but when individual stock is down in
face of broad strength - maybe we shouldn't try to
fight the tape ..." as you did in your post. There
isn't broad strength: most stocks are down for the
year, the rise in the big indices comes from a big
handful of outperformers, while decliners continue to
lead advancers ... especially banks across the board
are down. So, by selling now you would be fighting
the tape: selling at a time of weakness in the
broader market and in the specific sector. Doubling up on
finance stocks does make sense now ... IMHO.
If we all knew, we would be in some warm clime,
not freezing our b... off. Remember when I said I
didn't think they are able to purchase in the open
market because all the mergers preclude this? In the
past, I think BBT has bought when their stock dropped
under and the buy backs they had were in place. This
may have smoothed things out. Not posible now, I
think. Were banks PE's too high? They certainly were
compared to history. Now maybe back to "normal". I still
think BBT is great bank, but perhaps there are better
investments. I havn't sold yet, but will strongly consider on
strength (if there is any.) Double up makes sense when
loss is across the board, but when individual stock is
down in face of broad strength - maybe we shouldn't
try to fight the tape. A wise man said that (not me).
It would take a good run to make it all up (as I
said before.) There are probably better places for my
investment money. IMHO of
P.S. And where are you Fan, you old corporate shill
you? Just kidding - don't get your dander up again.
You have had good input before - how say you now?