HBAN Common Stock Question

[yoyomama]

Anybody in the know know if they're one of the banks that is going to raise capital by making more shares available therefore diluting the shareholder's pool as it were - if I have an understanding at all of this, that is.

So far I've gotten severely burned by ETFC & Ford by holding those positions overnight when at 4:15 they spring it on you that they're making millions of shares available to cover their asses...of course during the week letting you know how rosy everything is. Such is life.

Anyway HBAN has had a pretty good recent record of opening higher than the previous day's close & I've been able to take advantage of this a little bit...but man I'm snakebit lately.

[billyjoe]

YoYo,
A team of bank analysts says HBAN has to raise 1.8 billion to offset bad loans through 2010. This is the highest amount needed of 71 banks that were investigated by them. So watch out. I had some dealings with HBAN on a foreclosed house. They kept giving me different phone numbers to call and in the end I was told they had no record of the house. They weren't very impressive. I was going to make them a cash offer but never found anyone that had responsibility or knowledge. I called their offices in 3 or more states.

---------------billy

[yoyomama]

YoYo,
So watch out.billy

Thanks for the info billyjoe...watching out.

[yoyomama]

HBAN Predictions?

Anybody think tonight's going to be the night for the dilution fest...the offering of more common stock to raise capital that is?