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IBDvalueinvestin (98.32)

Funniest thing I expected HBHC to beat PNC back to $30+



January 21, 2009 – Comments (0) | RELATED TICKERS: HBHC , PNC

but PNC took the cake first.

If you look at HBHC you will realise that its oversold on really nothing that bad at all.
$9M loan reserve increase to $17M big deal. That does not deserve to be down -$6/shr in fact it should have rallied on that news. Because it was down to $33 from $45 on such a measly reserve. Other banks are losing billions. not a measly few  millions.

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