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Non-Tech : Providian Financial Corporation (NYSE: PVN)

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To: Dale Baker who wrote (115)11/4/2001 4:06:37 PM
From: sammaster  Read Replies (1) of 167
 
i wonder if pvn cutting back on new debt to poor quality lenders will help decrease the pain so they dont have to roll over as much debt....
im very surprised the fall is so sharp...even the dot bombs losing money hand over fist didnt see their share prices collapse so quickly...
has to be big players liquidating at any cost....i expect a very sharp rally when they are done...
even if pvn does go bankrupt i would be amazed if it went staight down with no significant bounce...at least back to 5
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