What is happening and has happened to STSA is short manipulation.
STSA needs to come up with 300 mil so the shorts used this to counterfit shares and gap the stock down most recently from the 2 then 1.75 nothing using the whacks and producing fear feeding the sell off with news. Did you know they have over 12 bil+ in assets, book value over 7 AND ONLY 52 mil shares out, this stock was trading in the 20s not to to long ago, Im confident that new management and old have a plan in place to raise capitol without too much dilution. You know there are many ways for them to raise capitol without issuing shares, for one offering CDS to depositors for example. However the shorts used all this news to attack and bid whack the stock price, I was pissed at first but now just thinking of Loading the boat like i did on FITB AND HIG this year when it go the point, bottom line the stock price currently is completely distorted in my opinion and does not compute with reality completely oversold. I will just keep adding on dips and have patience. STSA i believe will survive and thrive yet again.
