RE:how low can it go?LB is now trading at its 8-year low. Its 10-year low ($38.03) was recorded in 2009, at the tail end or the financial crisis. It is hard see how it could go much lower. You probably did the right thing when you bought yesterday. However, in my opinion, a quick rebound is unlikely. The shoddy mortgage documentation practices have affected LB's credibility (the most important asset for a bank) and it will take many quarters to regain it.
Good luck to all