Nice buy. I don't think the action this morning was panic selling. Simply an absence of buyers with no volume. Someone could dribble small lot sells until the price got below $13 and then just before noon, back up the truck when yes, there was some foolish selling. I don't have the resources to try something like this -- but looked like easy pickings... Anyway, glad you added under $13. BTW, at that level, it was the same as buying the day after the last R/S -- which was were smart money should have started to accumulate. FBC for the past month has been a play toy of traders -- I don't believe that is the case on most movement in stocks. But here with FBC, it way, way underperformed peers and the market for the past 4 weeks. Negative sentiment started with misinterpretation of Q4 results and blossomed with the legal dump.
All the very best,
PS -- Corvette -- could you possibly stop flooding the board with short responses to old messages?