Thursday, October 09, 2008
Just yesterday I contemplated shorting PNC and SunTrust Banks.
Look at them today:
STI -6.63 to 35.12
PNC -4.18 to 63.57
There's still meat on these bones but I'm reluctant to chase them, down.
Note also Wells Fargo is taking it on the chin today, -3.77 now, for a change. I needed that. I can't wait until their earnings call next week; I can't wait to hear their NEW ACCOUNTING LIES.
Surprise, surprise. Looks like the feckless manipulators allowed the *short sale ban* to end today without extension.