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1 pt

Opinion on  Sovereign Bancorp Inc. (SOV)     Sector: Financial  >  Industry: S&Ls/Savings Banks
Sell SOV short

Jan 06, 2009 05:50 AM GMT

Technical Analysis  

SOV (Soverign Bank) is being bought by Banco Santander (STD) for .2924 share which valued SOV @ 3.81/sh (USD) at the time of the announcement.  However, the current value of STD x .2924 values SOV at 2.85/sh.  Moreover, STD looks like it's going to head a bit more down.


SOV:  This call was made on 01/06/09 @ $3.07
Rating:   Negative   $3.07 (01/06/09)
Gain/Loss:   +27.36% in 332 days
Target:   $2.83 (-7.82%) in < two weeks


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