tdeyulia is the negative nelly of the board ... BBT is not opening at $26 ... Asian markets are recovering, it's going to probably open near today's high around $27.30 and trade up to $28 tomorrow. MM's need the stock higher to create demand for the $26 secondary.
Looks like I was spot on today ... If market reverses look for BBT to head down to as low as $23 to be more in line with 50 sma and 200 sma. 6 months - 12 months prob at $30-$35. Stock will have minor correction take profits when you have them.
You do realize that the shares have already been sold dont you? MM's dont NEED to do anything. Stock started to sell off hard twards the close and has already ran from 20 to almost 30 in a few weeks. Big boys are selling and booking profits in bank stocks and moving into safer bets. Just saying I think this will trade back to 26 tomorrow. RF sold 500 MM shares at 4 and the stock traded down and below that level for over a month. So tell me why if the pps was going to go over 30 would BBT not have done an at the market offer over 26?
Wells Fargo priced their secondary at $22 when the price was at $25 months ago and stock never went to $22. To get in on secondaries or IPOs you need to be in superior standing with your broker. An account value of $100k is not gonna get you in on the action. You need big money. A valuable secondary or IPO will be at a discount to market, or A+ rated, to give added value to the investors that take the risk of holding through the waiting period.