No, the rally will be back. Can you say Wednesday? It will be a wild day.If the Brexit passes and the Brits leave expect chaos in the banking system and SAN too.
Among voting-age Britons, polls show that older, white voters are more likely to vote for a Brexit, while younger people want to stay in the EU. History also shows that older voters are more likely to actually turn out and cast their ballots. Be afraid, very very afraid. The Brits walk you will see new lows for SAN.
Let's see what the Brit vote is next week. Could be a factor.
The Bank of Greece did not go BK. The shareholders were crushed, but not killed. The bank is alive and was up 21% today. It only has PPS of 28 cents. But technically you are wrong.
Buckle up? The PPS rises 2% and you guys claim victory. You are a lot like Rumpf supports thinking they have already won without working for it. Up today.
Banks are never bankrupt. Especially large international banks. You must be a conservative Trump supporter, who believes the world economy is a hoax.
Maybe. There are plenty of headwinds against SAN. The PPS now flirts with under $4. Why? Brexit, EU economies, bank regulators. sick Brazil. and Spanish elections. All is some way. little or large, affects the PPS of SAN.
If the Brits vote to leave that will be a down day for SAN and the market. I do not think they will vote to leave, but it could happen. Polls are leaning toward not leaving. If the PPS crashes with high volume to under 52 week low then you buy. I honestly don;t know what would happen to SAN the bank. I would guess minimal damage. Brazil, a favorite of SAN is a basket case. They are related. The national football team was eliminated in the Copa Cup. This is just more sorry to Brazil. They are down for the count. SAN has a piece of that sorrow. Brazil weighs on the bottom line in a small way.
Nut starting the week well for SAN. If the PPS falls below $4 look out below. Certainly another down day. Like a broken record....broken record...broken record....no good news for this company or banks or the EU or Spain. They di okay good football in Spain and have the best (expensive) players.
Mid $7s? It is at $4.50, so that would be a shooting star. As you say "should be" I suggest that will not happen anytime soon.There is way too much uncertainty with the bank, Spain, and the EU economies. SAN has and will continue to trade sideways and a little down going forward.
It has traded this way for weeks. Elections are still a X factor. There doesn't seem to be a push ny far right or left parties. EU banks are still in limbo, SAN trades sideways as it has.