Sovereign Bancorp (SOV)

[causeimdaddydamnit]

Hi guys...just jumped in here today myself! Only regret is that I didn't get in yesterday A.M. ! Oh well, there's always tomorrow...if the bill passes, we oughtta be taking off.
It was amazing to watch this stock today in the face of a rapidly declining DOW. She held up pretty good!

[~6979~]

...is anyone even realizing that the DOW is down 376 points and ~SOV~ is up 11.2% just today...

...talk about resilience...I have a feeling many missed the boat or there would be more post's here...

...weeeeeeeeeeeeeeeeeeeeEEEEEEEEEEEEEeeeeeeeEEEEEEEEEEEEEEEEE

[bigblue72]

I'm in big today. This gem is has great potential when the bailout bill is passed. Its gonna ride up with the rest of the market. GLTA

[RSDS u308]

Another Upgrade today....http://finance.yahoo.com/q/ao?s=SOV

[~6979~]

YAH! YAH!

~SOVJU oct 7.5 call @ .60................

[radar72]

Nice close today. Looking for more upside tomorrow.

[~6979~]

I hope everyone has capitalized out of these markets...

~SOVJU~ @.40

[RonnieD]

6 1/2 for starts if bill passes.

[~6979~]

~SOV~ featured on Fast Money's 'POP's & Drops'...

[Direstorm]

I want to get this straight. The only negative quarter they have had was Q4 of last year? Is there something I'm missing?

[Direstorm]

I like the fact that they got rid of the CDOs they had. Takes alot of the uncertainty out of the company.

[~6979~]

...young money ~SOV~...+69%'er...weeeeeeeeeeeeeeeeeeeeeeeeeee
so a 79%'er from here would be 11.02 (6979'er)

[radar72]

I see that Moody's downgraded SOV today, but SOV also got several upgrades recently from analysts. Whatever...I'm holding. This bank is solid IMO.

[Direstorm]

The drop from $5 was from profit taking. However, I do see opportunity knocking here.

[radar72]

Interesting how it fell after going above $5 today. I'm still holding mine for a few months and hope to grab more soon. I see BIG gains here in the future with some patience.

[~6979~]

I need ~SOV~ to pop up another $2 real quick...

[radar72]

Making money here today! Yes sir!

[~6979~]

yesterday: (SOVJU @ 0.25)
open interest = 2,395

today: SOVJU @ 0.60 = +120%...
open interest = 2,896

[~6979~]

...to swing trade...or not to swing trade...that, is the question...

[~6979~]

weeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee

[~6979~]

All oct/nov calls ~SOL~
9/29/08
Oct 18 2008 Calls | 19 Days to Expiration
Symbol Bid Ask Type Last Change Vol Op Int Strike
+SOVJZ 1.10 1.75 S 1.75 -4.15 567 189 2.50
+SOVJA 0.50 0.60 S 0.55 -2.45 1,852 508 5.00
+SOVJU 0.10 0.25 S 0.15 -1.20 1,277 2,395 7.50
+SOVJB 0.05 0.25 S 0.10 -0.30 887 7,666 10.00
+SOVJV -- 0.15 S 0.05 -0.05 455 2,480 12.50
+SOVJC -- 0.15 S 0.05 0.00 0 233 15.00
+SOVJW -- 0.15 S 0.10 0.00 0 20 17.50
+SOVJD -- 0.15 S 0.10 0.00 50 0 20.00

Nov 22 2008 Calls | 54 Days to Expiration
Symbol Bid Ask Type Last Change Vol Op Int /Strike
+SOVKZ 1.25 1.90 S 1.20 0.00 145 0 2.50
+SOVKA 0.60 0.65 S 0.65 -2.85 508 5 5.00
+SOVKU 0.35 0.60 S 0.50 -1.20 366 111 7.50
+SOVKB 0.05 0.45 S 0.25 -0.40 459 328 10.00
+SOVKV -- 0.40 S 0.10 -0.15 73 105 12.50
+SOVKC -- 0.25 S 0.25 0.00 119 0 15.00
+SOVKW -- 0.25 S 0.15 0.00 77 0 17.50

[radar72]

I think that SOV got clobbered today for no real reason other than panic. Might buy more here.

[RonnieD]

if a bill comes back and passes, both will rally back..

[radar72]

I grabbed some today around $2.50. This is a very good bank IMO (not junk). Wish me luck!

[~6979~]

~SOV~multi view

[Billiam_2]

OK, what's the story here? Better play than ybtva?

[RonnieD]

if they pick up another 25 congressmen or so, adjusted bill will pass later this week, and SOV will rock.

[~6979~]

WEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!!!