Certainly didn't predict what happened today. But I sure saw that head fake of a housing recovery over the past few months. Give Seacoast management a lot of credit for the timimg of that secondary. That they got an institutional investor to buy millions of shares at $2.25 was a brilliant coup.
That is why all the directors an officers anted up as well. No skin, no one else is coming in.
Feels like we had a blow off Friay and Monday. Shares might rally a bit here but the earnings report will most likely dictate the new level for the shares. Loan loss provisions and % of non performing loans will tell the tale.