support should also be attracted into the stock
with the cbs mrktwtch comments- one of the picks for
regional banks. Value investors will see this value. And
considering the typical BB&T investor, many will be doubling
down on this move.
See you at 27-30 in early Feb
I agree now is the time to buy. My point was they
are a takeover target. Their market area
approved Friday) with Atlanta now included makes them ripe
for picking. Suntrust, Wells Fargo, or Citigroup have
prices that have not been beaten as bad. They can bid.
Remember, it's all relative. Best of worst is better.
that's a very subjective question. Personally,
don't go over 10% in any one stock, I'd
Pardon this two-part posting. I hit the post message
rectangle by mistake to abruptly end my earlier posting in
the middle of a sentence.
query. I am now, since Jan.4, a BB&T shareholder.
I also bought some of those financial sector
spiders (love that name), and a biotechnolgy/health care
fund. And I will continue to hold the technology fund I
bought into over the summer and fall; despite the recent
pullback, overall gains there are still strong.
response to the Colonel's question, I believe overweight
means having too great a percentage of a particular
stock in one's portfolio; but what that percentage is
...holding more of a single equity in a portfolio
than the average financial planner would probably
advise, but what the heck, never used a planner and have
liked and owned the stock for a long time.
I'm a commercial loan officer in Virginia Beach
and I can assure you that this drop has nothing to do
with BB&T as a company, our earnings will continue to
rise quarter to quarter. We got dragged down with the
rest of the sector and in my opinion have bottomed
out. My 401K however, was previously reflecting a new
42' Hatteras. Now looks like a 30'
Stay Long - you guys will do well.