I think WL has reached the bottom...
I think I'm 4 days late on this call, as in my opinion, WL actually reached the bottom on 10/7/10, when it was at $7.34. Today, WL is already at $8.35.
However, Wilmington Trust Corp, a regional bank, is still 59% (yes, fifty-nine percent) off its 52W high, and if I'm right about this call, there is a lot of CAPS points to be had until this stock gets back to $20 where it was just 6 months ago.
I actually have a feeling that this stock will probably be back to at least $15 by the end of this year.
Here is a chart showing what happened with this stocks for the last 12 months.
As this chart is a "rolling" chart, whoever comes back to this post a month or two from here, will be able to see if this stock continued to go up or if these 4 positive days were just a small bump in the chart before WL nosedived again.
GO WL and Good Luck Everybody.
Disclaimer: I wouldn't post this if I didn't think my opinion/feeling is correct. However, I would only recommend this stock as your CAPS play, not a Real Life one.