Technicals vs fundementalsThe technicals signal a buy, but what do the fundementals of BB-T tell you?
The company has seen a sizable dip in revenues in its last earnings report. However, a nomimal profit was posted. The thing to remember about earnings is that they are subject to manipulation and the BBulltards seem to have fallen for it.
As someone who was long and took profit on BB-T I know about the potential, but I also know about the actuals, which at this point are minimal and signal high risk. Even with the buyout rumours you must consider that the offer was horrible. I would agree with buying BB-T after they post a decent quarters earnings/growth, but that has yet to happen.
This will correct hard seeing a buyout from Samsung will not materialize. Both companies have already denied rumours of a buyout several times. A lot of you people are riding high on hopium and I do not want to see anyone to lose money.
Patiently waiting to short and ride long at a decent price,
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