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The Allstate Corporation Message Board

  • mount_fuji_backside mount_fuji_backside Aug 1, 2012 3:12 PM Flag

    Looks like a classic pump n' dump

    Things to consider:

    1) The PERSISTENT revising of earnings expectations over the last 40 days -- specifically, Wall Street pundits kept REVISING their numbers lower until oohhHHH!!! magically, ALLSTATE "beats" the lower, REVISED numbers. Had the original expectations been left intact, ALLSTATE would have MISSED their numbers expectations...

    2) Technical divergences indicate that this stock has been getting systematically distributed over the last two months by the big boys on the street.. advanced technical folks will confirm this for fact.

    3) Hurricane season approaches. Things won't be so SHINY in another 60 days, and the street knows it... Those cats are leaving dumb money holding this bag -ALL- at the same time.

    4) When not a single news article or opinion hits the wires that says sell, and not a SINGLE article addresses forward guidance in light of unknowns, and when every single "expert" says BUY, you better ----run---- for the exits.

    GL!

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