National City (NCC) Halted w/News Pending

What is the news?

 

They issued blow out earnings and raising guidance !!

Yeah right..

Bankruptcy.

 

Looks like it is halted to stop a rumor they were about to go BK.

 

a midwest bank with huge mortgage exposure to Michigan. Gosh I wonder what it could be.

 

yeah my tape went a bit bonkers. unusual number of prints,halt,large volume spike.

Love days like this. Makes trading worthwhile.

 

stock is barely rising despite the denial

 

new low despite the denial

 

The SEC have traced the IP and have sent out the deathsquads.

 

The SEC only does what goldman tells them too.

 

I thought Goldman was spreading the LEH rumours