DSL: Did Market Anticipate Decline in Downey Financial Assets?

Small Cap Watch List (Track at Marketocracy) and Mid Cap Watch List (Track at Marketocracy) member Downey Financial (DSL) reported that its Assets Fell in February:

Downey Financial Corp., the parent of Downey Savings and Loan Association in California and Arizona, on Wednesday said its assets fell 2 percent in February, compared with the prior month.

The shares held up fairly well today, though they were down nearly 10% in the last five days. While part of the decline was likely due to subprime spillover effects, one wonders whether the market was anticipating the news.

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