cgh1999 said:oldarmy1 said:
Bought 10k shares of IAT. Regional Banks took it on the chin but found support and has a perfect flag pattern formed. I also think we'll see some acquisition/merger activity soon, which will further fuel the shares.
I agree completely. I work for a regional bank and have seen my shares drop over 35% in spite of strong performance. One of my biggest holdings is CADE which has been absolutely hammered. IMO it is one of the best banks and should be in the mid-20's quickly if the pressure on banks subsides even slightly b
Cade posted strong earnings this morning and is up almost 4%. Up 31%YTD and will continue to rally if the Fed doesn't kill the banks again.