The Colonial BancGroup, Inc (fka CBCGQ)

[fatherofseven]

You know, I'm in at .030-.031, so not excited about the free-fall, but it did not collapse like a typical P&D... really maintained well above .030, and now still pressing upward... .025 x .027 from opening drop. Ok... so I'm not entirley tuned in to the DD details here, but it's exhibiting some very solid support and generally upward momentum... a strong "feel" that any number of announcements corresponding to the bankruptcy... particulary suits over the assets seized by the FDIC... will send this absolutely flying. With those anticipatory announcements a month ago, we're due. Gotta ask the question: do you want to miss the ride?