My crystal ball was clouded up all afternoon. All I could distinguish was get activity was taking place. I was very disappointed that the price did not move up to the $30 range. With a volume 6 times the normal daily volume, and good news, the price should have approached $30/share. Maybe tomorrow.
look at the 10K, BB&T has been increasing reserves and non-performing coverage. What this means is; assets are increasing, some of the new partners may have a lower reserve % than BB&T, and we're deep into the business cycle. There are no early warning signals from BB&T. BB&T is increasing the provision taken fron quarterly earnings for potential future losses, Wachovia was lowering the provision to prop up earnings and the analysts recognized it.