After years of being in the stock market the one truth is that someone always knows the news before it is released. Sadly it is never me, but looking at the trading of this stock, somehing is going on and it's not good.
Breaking news: the world is not round - it's really flat.
Something is going on alright. One of the worst financial crisis since the depression according to the Senate testimony by the leading economic minds in charge such as Paulson and Bernanke, etc. (forget about whether you like what they are doing).
FORD is down to $1.30 at the moment, etc. etc. etc. for many other stocks in distress. DO YOU THINK THERE IS SOMETHING SPECIAL ABOUT PNC and or NCC?
I don't believe anything is "special about PNC".............
That said, they had little exposure to sub-prime or terribly risky investments from what I've read. Additionally, every puindit and talking head worth his weight was touting this bank as one of the most solid regionals in the country and beyond..........
If it was so damn "solid" why is it losing $3/$4 a day ?
NCC was supposed to be such a steal? Looks like a neck anchor akin to a Sopranos episode now ! !
Bunch of f@#$%%^^ bums, can't wait to dump it, assuming it ever turns around !
actually, the reason that pnc is falling, is that the deal is getting LOTS of negative press, bringing in all the shorts, if they would make a true offer for NCC, then the issue would resolve itself, with pnc getting positive press!!