Unfortunately for short holders, the FED policy has greatly lowered the odds of such S&L bankruptcies. I'll keep an eye on any insider selling, if it occurs that's a great sell sign! There are two main reasons ISBC has held a relatively high stock price 1) The buyback. 2) Their portfolio of mortgage backed securities is 31%, unlike other S&L's which are closer to two-thirds, and delinquency for other loan categories are significantly less than residential loans. The 10% buy-back was announced in late January would consist of approximately 10 million shares and would take about 50-60 trading days to complete depending on how they went about doing it. The price has been kept elevated from its index but failed to pass the $15.50 tarket. An instituional investor likely has a sell trigger at that point. When a buyback takes place, they usually stagger it, they won't buy into a rally. They'll usually wait to buy during the pullbacks. This is why this stock will likely trade in its range for many more months to come. If you're short, you'll simply have to wait after the buyback is complete. Maybe then you'll see that insider are selling. Personally, I hate waiting that long, so I'm looking for a dip to exit my short.