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People's United Financial Inc. Message Board

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  • sinejoco sinejoco Jul 17, 2007 5:32 PM Flag


    nah looks like bottom has been set and it is smooth sailing for pbct aand the whole subsector nice wash out flush out . seeing some nice bottoming action . correction is over....ugly and quick and healthy! sinejoco

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    • i would have to agree with you...BAC will lead all banks with blowout earnings and bounce off 52 week lows like a rocketship. other national banks will jump huge and regionals will follow behind with modest gains. in 4-5 months all the longs are happy

      • 1 Reply to cmonks82
      • agree , i also observed today a little sing in the weak ipo market , the ipo market oftens provides hints to the whole subsectors medium term health , i saw TFSL make a new low but close near the high of the day on heavy volume , additionally i saw BNCL modest half a point and steady , and this one made a text book low panic at low 17's , i am far from expert and we could remake lows and finished with tax selling in oct nov even lower but i suspect not , this group is down 15-20% here and is medium for a correction , and so i think this correction is in the 8th innings . and we can see a 50% retracement up from the lowest price ....and that might be fair value , like we trading 10% above fair value now we are trading 10% under fair value , nice BAC earnings , lot of announcements of 10% or more stock buybacks , buyouts , and maybe in early 08 the first fed rate cut , all could provide nice catalist for a 10% rally again keep margin under control , buy under book for safety lots of issues now under book , and that has always been a good place to invest go for urban but generally stay away from pink i have only 2 pinks left now QNTO RBLG both low but might not work , like thrift underbook in the the 800m - 5b range best , TFSL BNCL KRNY ACFC UBNK KFED ABBCD ESSA HBNK VPFG*(* supermarket area play) are cheap : )

        the correction is over !


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