Replies to post #765 on Flagstar Bancorp Inc (FBC)

[oldberkeley]

My crystal ball is in the shop, so all very much IMHO, FWIW:

1. A minor run-up, maybe mid-$0.90's, to July 17 earnings.

2. Decent news: +$0.01

3. Some profit-taking (this has to be expected, perhaps even for the next year or two, much less the next month or two) but not the sharp retreat we've seen after the past few CC's.

4. Totally guessing here: trading in the $1 to $1.10 range.

5. Not enough to cure the deficiency, we see a RS.

Best of luck.