I dumped a good portion of my holdings on the first day premarket and afterward. But now the price is beginning to look attractive again and I might buy back with the dips. DRL results were actually good and this type of behavior, ln my opinion, is related to either a capital raise or merger/buyout.
DRL results once you digest all the non-cash gains, aren't that great. In fact the best that can be said is the charge-offs weren't as high as feared. The good bank/bad bank means they have thrown in the towel on waiting/hoping for a PR economic rebound. In fact with the new politics being the old politics, PR will decline both economically and population-wise. So, basically they need to jetison their toxic assets (no assurance that will happen) or this will become a zombie bank.