Because I was estimating a market drop would come. Yesterday I covered that position. Good call huh? But what gets me is WHY is SNV up on a market down day? These guys have NOT paid off TARP! Under for over $20Billion?! Yet positive op. cashflow? Profitable? Zero long term debt? $5B in cash? $200M in short term debt? Why is SNV up on a down day?
Me, I get this feeling that SNV is going to cross $2.90 ahead of earnings....and SNV will beat, as housing is doing well.....this is the most unusual market I have seen in around 10 years....afraid to bet against it and also afraid to take gains.....it's going higher people.