It is so easy to lean on something without legs.. pbct run by incompetent mgnt has nothing good to talk about. i think the time is near. tomorrow short sellers will try to lean on this once more to make sure other funds start to sell.
when that happens, pbct is cooked and will be approx 10..
longs can start praying now. funny how pbct fate is heavily tied to situations in Japan.
oh i forgot this bank has no one to look out for shareholders.
buying this bank stock is the stupidest idea ever.
No news is good news, and there hasn't been an indication of anything good or bad emanating from the suites at corporate HQ. What's glaring is the detachment and separation from shareholders that comes across (or doesn't). Management might even be greedy and incompetent as described here by some (could be the result of advisors), but that doesn't compare to the sense of entitlement these people have.