My concern is PJC has some tie into bad loans, or sub prime loans, collateralized debt instruments. Also possible their trading desk took a bonehead position with the firms own money. it is interesting stock price down nearly 20% in 30 days. I still think there is value in the shares, ultimately it could be a buyout candidate; maybe a foreign bank looking for toehold into US investment banking. For now it is like a hot knofe going through butter I can't see where the bottom/support price is. It is nice to have some discussion on the board!