No, it's a sign of..........Earnings were not a big surprise, shorts are in control and the people that want to own this stock already have enough. No all that has to happen is, retail sell, shorts cover and we will move to $4.00
Interesting thoughts. Shorts are in control. There are a lot out there. 49MM shares are shorted at the moment. WOW. I would guess many would be concerned with that position, as this recent K showed the company is turning the corner and could possibly be profitable this year.
I wouldn't want to hold my short position, if I held it from the days when it was trading far above $2.00. But alas, they must know something I don't.
Thanson, much of how this bank's stock will perform is linked to the greater market and the banks in total. There are many like me that believe the DOW is going to 9000-9500 by April-May. This stock like many will not climb if that happens. If the housing market continues on it's course, there will be another round of dilution with many banks.