Editor's Note: This article was written by Richard Suttmeier chief market strategist at ValuEngine.com which is a fundamentally-based quant research firm in Princeton New Jersey that covers more than 5 000 stocks every day.Problem banks are publicly traded FDIC insured financial institutions that are overexposed to Construction & Development Loans and/or Nonfarm Nonresidential Real Estate Loans with “1-Engine” -- Strong Sell or “2-Engine” -- Sell. I also include all other engine-rated banks -- and those with “n/a” ratings but that forecast figure data points according to my firm's models -- in violation of FDIC guidelines vis-a-vis loan exposures. Those ...

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Speedus Corp. (SPDE) I took my loss quickly, when it was clear afterhours and premarket that the short sellers would try to knock it down quickly to scare away any and all momentum buyers…yes, it happens, took a $700+ loss and didn’t even consider buying or shorting it the rest of the day since I didn’t know what the shorts were doing and what was actually real…when there’s confusion, I just don’t trade it.[More...]

Cbbo is near the 52 wk low.  This is a very strong stock that has shown continual growth over the past several years.  The bank was hit by defaulted loans, but has a good leadership and is not in danger of going under.  The bank has set a target of being back in the $15-20 range by 2010.