Dstew you ever watch the movie Force 10 from Navarone. When they blow the dam nothing happens. The guy who made the explosives saids give it time. A few minutes later the whole middle of the dam cracks into. We will see my $2.69 sooner than later .http://www.youtube.com/watch?v=fsJCghhCwmI&feature=related
While I rarely predict prices, I do think we are in for a volatile period for the next 8-10 months. Having said that, if, and when the market and economic conditions are right, the huge short position will lend itself to a sizable short move upwards. My concern is for the lowly employees that are affected by the poor judgement of the BOD and CEO. Many of them have the bulk of their retirements predicated on the value of SNV when they retire. Unlike the executives, they can't sell free options to enhance their salaries. I hope SNV makes it, but I wouldn't put any serious money in it right now, just short term trades in either direction.