Maybe free falling was an exaggeration, but the distribution in this stock since late Feb is now perfectly obvious. Down about 8% from its high and Alt-A losses only just beginning to surface.
Did the insiders know something others did not?
Also, if the Alt-A losses only account for 10 cents of after-tax earnings, and the consensus est for Q1 was $1.86, that leaves between 16 and 26 cents of additional losses. Is all of that additional loss due to pressure on their net margin interest?
Wow, right after you made your prediction M&T started to rebound. You posted at almost the exact time we reached bottom.
Please make more "Doom & Gloom" predictions.
Maybe if you short for a while, we might see a big bounce.
Gee, I wonder who would be buying during the "free fall" ?
"BUFFALO, N.Y., Feb. 22 /PRNewswire-FirstCall/ -- M&T Bank Corporation ("M&T") (NYSE: MTB - News) announced that it has been authorized by its Board of Directors to purchase and hold as treasury stock up to five million additional shares of its common stock. This represents approximately 4.6% of common shares currently outstanding. Under this authorization, shares of common stock may be purchased from time-to-time in the open market or in privately negotiated transactions. The new authorization will supplement the previous buyback program authorized in November 2005."
The MACD signal is now approaching minus 2. I wonder if a simpleton like you knows what that even means. In addition if you were smart enough to look at the 20 or 100 day MA lines, it might even wake a neanderthal like you up from your stupor or perhaps motivate you to get new glasses. Who is reading the charts upside down now Jake?