This stock has been hit hard due to downgrades and fraud allegations. It is a quality bank, and has been way oversold. Hedge Funds and mutual funds will be loading up at these cheap prices..
I dare you to short it. You missed the boat. You will get burned soon enough. It has dropped 60% in five days.
Looks like a dead cat bounce to me .... http://www.profitquotes.com/commodities-quotes.mpl?a=detailed&ticker=wsfg the only savior for this one is the ben bernanke bounce on tuesday. short at the open on monday, cover mid-day and buy for the bernanke bounce. now that's how you squeeze a dollar ...
Well considering this stocks average daily volume is usually less than 10K a day. I don't think any trader that has a 1/4 of a brain would even touch such a P.O.S. I looked at it after you posted and just laughed.
This isn't Timmy, and if anyone would have listened, they would have made 55%. I bought in at 4.55 last Thursday and sold at 7.05 on Halloween.
Not enough price history to shake my dick at. And, all distribution. Yes, dead cat bounces can and do occur. Nothing to really "bank" on. Eh, how would you know what a quality bank is? Loan to deposit ratio? ROA? Too many write-offs? Not enough write-offs? Net interest spread? Blend of commerical to consumer loans? The tellers are nice? Does a "quality" bank translate to the paper? Chart, albeit brief, speaks for itself.