CNBC

Featured posts / Talking Heads

CNBC Talking Head Jenny Harrington is holding the bag on NYCB losses

Lewis 1 Comment

Jenny Van Leeuwen Harrington, CEO of Gilman Hill Asset Management and frequent CNBC contributor, owns up to holding on to her NYCB stock, which is in free-fall today and down ~60% over the last week.

Here’s the video:

She calls the management team “arrogant” and excoriates regulators on allowing the merger with Signature Bank.

She claims that she’s reduced it to a small position, but as recently as January, she was calling it “oversold” on social media and acknowledging that her followers had jumped into the position on her recommendation:

Friends, a lot of you followed me into $NYCB - I'm still digesting thoughts following the call. It was the most counterproductive guidance that I've ever heard But down -30%+ - I'm pretty certain there's just wayyy too much negative emotion and that it's oversold

Another Tweet the next day saw her sticking by the position and begging “plssss don’t let me regret that statement!”

Updated thoughts on $NYCB: Now, I think that there's Regional Bank Panic 2.0 PSTD going on & I do not think it's founded. (plssss don't let me regret that statement!) For now, still holding. Stk historically has traded @ or abv Tang BV - which is $10.60 Seems oversold