Should've checked the label, your crystal ball said Made In China. Good to hear you admit defeat though, much lesser people just fade away after their outlandish projections don't come through.
Next decent sized move wont be til divy increase few quarters from now (likely timeframe), and it sure as heck wont magically triple the value of the stock in the process. Probably $5 (high projection) for when divy increase happens. I'm just hoping that we'll continue with the 20-30 cent quarterly jumps that we experienced pre-TARP.
You were all, "SNV $10 by Jan" and you sold? lol so many weak longs in this stock, I wouldn't be up almost 250% right now if I had your mindset, or patience level. You bought in for a reason, and after TARP payback that reason wasn't to expect a quick jump... It was a solid steady climb over time fueled by eventual divy increase and stock buyback.
Obviously just an unknown statement from me, but yeah, volume from the sell off just about equaled all of the volume from the day's run up... So either we have some very, very weak longs, or it's the day traders.
with a passion. lol
Ever since $2.50 level it's had no chance for runs once they took over the stock. Miss the days when it'd do 2% gains daily, for like 2 weeks straight, every quarter. Big market move completely wiped out today, and now Monday's probable market drop takes it to below $3.40, instead of simply below $3.50
And not the nosedive back into the 3.30s. I didn't get a chance to sell off my higher priced calls (now at profit) to fund my lower priced ones being exercised in January :(
You are joking about the robots, right?.... Or do you not have a Twitter account? All those random followers you get are bot accounts.
A sucker is born every day if you truly believe this stock is destined to jump... Nothing wrong with believing in the company, but why the hell would you buy at these levels? That's a rookie move seeing how it's in process of tanking.
A 6 month hold in SNV gave people 25% gains, so how dumb of us to hold that long and beat the market. And come Jan 14 I'll also be exercising mucho long calls bought at $2.70 right before TARP....further making more money from my "terrible" decision to keep my money not working for me.
If you were smart, you would've just bought call options before TARP, instead of shooting yourself in the foot every time you tried to short this stock. So I guess you're the one that needs to redefine their opportunity costs.
Hmm, what's the best opportunity cost....
Continue to hold my 230% gain, and let it further appreciate? Or systematically lose 10% every time a short position is created, like you?
Quit acting like you are some soothsayer, you've come up bust every time you've short this stock. Or at best made a few % ONCE, that still puts you well in the red with SNV. And you tell us to not let our money sit idle, and then tell us to buy a stock and hold for 5 months? lol
Wart, let someone else handle your finances. You clearly have no qualifications for making sound decisions. You're already like 0 for 100 on shorting this stock. Move elsewhere. 2008 to early fall 2011 was the timeframe where a SNV short would have been profitable. You've already shown you can't even predict the normal quarterly jump and drop cycles. Quarterly reports can show a profit of only 1 cent, but the stock is still going to rise because it's profit returning to the stock. Been 8-9 (or whatever exact #) consecutive profitable quarters since getting out of the bank crisis. And go figure, in that time it's jumped + 230%.... That +230% isn't going to magically disappear as time goes on. It's a bank, it pads its wallet with each quarter.
Dammit, get to $3.41 then drop like a brick few minutes later. Meanwhile my RF is still holding strong above 5% gain today
I'm just worried how long this positive news will last... Tired of seeing $3.25-30 be the soft floor for the stock
And now SNV will be constipated for many more months after reading the news that QE's likely continuing for awhile. Damn Govt influences been killing this stock movement from Syria to QE to Shutdown. Can only wonder what's next on the agenda. Miss the days when stocks moved on their own, instead of all these external forces being the reason.
It's like I'm the only rational person on this board. I predicted $4 by end of year as a high estimate only if the stars aligned perfectly, and said $3.25ish post TARP. So far I've been right on the money, so I'm sticking with my estimates.
$5...Really though? You just said how disappointed you were in the price action, yet you think it'll jump 50% in 3 months? lol But then again, you probably think we'll get a divy raise on Tuesday too, which wont happen.
Sorry about the confusion, had just meant .20 "premium" to current market price, not that there was a strike with an actual .20 premium listed.
LEAP was just added few days ago, anyone on the board jump on them yet? Barring some catastrophe, securing shares that don't expire for another 821 days at $3.55 seems like bargain of the century. Within that time we'll see the dividend increased, 8 quarters of bank profits, and the beginning of share buybacks.... All for only 20 cent premium that'd likely be accounted for within a quarter or two from now.
1. We're not getting a divy increase for a couple more quarters, so don't even worry about hoping to hear about it from the quarterly report. And once it's increased I bet it'll only be to .02 or .03 cents to start.
2. A buyback will do more good than a dividend increase. A dividend increase will undoubtedly bring in a few more investors, and provide a decent .10-.30 cent gain in the process... But a buyback will bring about more gains. Whole lotta shares added since before TARP payoff, and that's where the stock price rising will come from... Buying them back.
3. Saying you'd prefer dividend increase over buyback is just being greedy. So you want an extra penny in your pocket, but wouldn't prefer to see the stock jump tenfold, or whatever, through buyback? I'd rather see the stock price jump 50 cents or whatever, then gain an extra penny each quarter.