As the old adage goes,"There's no fool like a young fool" and you fit the bill perfectly. I've been long this stock for many years, but got out when it was in the $20s, and I've never shorted a stock in my life. And yes, some of us that live in Columbus do have "contacts" that know pieces of the puzzle, as did my wife that spent 33 years as an officer with SNV. All of my past posts have said be careful, none have said short the stock. I don't trade for 1/4 or 1/2 points; I would rather buy big at $3.00 plus in a company that has all of its problems behind it, rather than day trade for pennies in an uncertain market and in a company where the CEO speaks out of both sides of his mouth.
Some people post as if they are in the know. Basically they are a bunch of desperate short-sellers who are nervous like hell that the company might just be profitable in 4Q of 2010, as the CEO stated in the conference call.
Approximately, 50 million shorts will need to cover - SNV will be double digits by the end of the year.
Long and feeling good about it.
Take note of the post Dickheads and when it happens, you can post your apologies. If it doesn't, I will apologize for saying it. The sale is at the attorneys' as we speak and the rest of the post will occur before 3rd quarter (if made public, as I said).