Preceptions, preceptions, preceptions. The stock has gone down because the industry as a whole has gone down. ORI wasn't even effected by all the weather issues. The insurance industry right now is not exciting - like the internet. I don't know why owners of the stock stay as owners and then shot themselves in the foot with their comments unless they are also shorting the stock. The California situation is an issue that I feel is being addressed but more importantly how do major players look at these issues. Are mutual funds leaving? I have only seen one large block trade (i.e. mutual fund) sale recently. What does that say? Maybe it says that mutual funds are waiting for the gravy train that is a buy out by a large bank that says "show me the money" Think about that. Good news instead of all the cry babies that have nothing but bad news. I would sure like to know if these cry babies own any stock or just enjoy crying.