Stock is getting lumped with mortgage lenders. SWS does sell mortgage loans -- about 12%-15% of business. Also, some of SWS' earnings gain last quarter came as a result of owning a bunch of NYX shares. NYX stock has been weak, so SWS has gone down in sympathy. If NYX stock starts to go up, SWS might follow. Read the most recent 10Q. There was another one-time gain that contributed a lot to last quarter's earnings. I forget exactly what it was.
Hey man, I got in before last qtr conf call and rode it up and got out after good gain. Just got back in today cause I figure this has to be the bottom. This stock killed the qtr and I guess it is small cap volatility. I don't really see how this stock is under $25 considering that is where it was before the good qtr. I am going to do more research this weekend to see if I can find out what the deal is.