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Synovus Financial Corporation Message Board

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  • zerosum88 zerosum88 Nov 24, 2009 11:18 PM Flag

    My 2 cents on SNV

    I have done some research, but I can't find any legitimate reason why SNV has been sold off so hard lately, much harder than any other banks. My guess, only my guess, is some institutes are dumping by tax reason.

    SNV has 700m floats, in the last 4 days, volume has been greater than 40m daily, plus SNV has been sold hard in the last 30 days. I guess the bottom is near, if it is not now. You just got to remember one thing, teer is no unlimited shares to buy, and there is no unlimited shares to sell either. I serious doubt who is stupid enough to short SNV at $1.5. It is all institute dumping for tax reason.

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30.09-0.03(-0.10%)Aug 28 4:02 PMEDT