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People's United Financial Inc. Message Board

  • pjhatbpi pjhatbpi Jul 22, 2011 11:43 AM Flag

    I continue to add to my positions

    I own PBCT and am happy to do so ... of course I bought after it got killed in the financial mess. I appreciate the pain shareholders feel who have ridden this down. I was in the same place with some high tech stocks ... I did not sell them, but instead added to positions ... it has turned out well with a good dose of patience. PBCT is paying a nice dividend to help make the waiting easier to take. It may take a year or two or even more, but I can see the share price getting to the high teens or better

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    • I will slowly add too. With all the financial advisors following this stock you can be sure they are adding also.

      These 10-20% price swings are exactly what they want, so that they can increase there number of shares.

      However, I guess it is a concern as if they engage in the share buyback, or buy another bank that will temporarily lower book value.

      That is my only negative point.

      • 1 Reply to iwontfollowyouradvice
      • I sold this morning at 13.70 as part of my trading strategy in this stock. In the case of PBCT, I buy in the mid-12 area and sell when my gain equals the annual dividend or more. I've been in and out 3 times in the past year with a total gain of a little better than 13%. I pay a flat $2 commission after 25 commission-free trades annually, so that's hardly a factor. If I happen to catch a dividend along the way, that's just added gravy as far as I'm concerned. If the stock runs out of my range, I have plenty of other stocks that I use similarly. I've long since moved beyond the buy-and-hold mentality and taken a much more active trading approach. So far, I've found this to be much more profitable. The market needs people like me to provide liquidity and fluidity. For me, good earnings reports are an opportunity to sell rather than buy. The effects of good (or bad) news wears off quickly, so I take advantage of these swings to take the other side of the trade. Good luck.

 
PBCT
14.88+0.07(+0.47%)Jul 21 4:00 PMEDT

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