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Synovus Financial Corporation Message Board

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  • zerosum88 zerosum88 Nov 25, 2009 2:16 PM Flag

    My 2 cents on SNV

    Told you so.

    I pretty much bought at the rock bottom yesterday. My goal next is to sell it at the absolutely peak (short term, not 3 year term).

    It is not the time to take the profit yet. Buying hasn't started yet. All we see today's movement is fund stopped dumping today. Likely they have done the job.

    Money will flow into SNV for the next few days to push it higher. $1.7 was a resistance but it was broken without much effort. That tells you how weak the bears are. They have no shares to sell anymore (you have to believe me there is no shorts on this stock. Anyone with half brain would not short SNV at this level. The gain is very limited but the risk is very high to short SNV now).

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