14.75 4pm friday. Monday this stock opens at 16.00. Big money moving back in. 20.00 by the 19th of June. 40.00 by year end. The weak may sell on fear but there making a big mistake. As far as tarp funds it only means this company will survey.
Could you explain what would drive this stock to $16 on Monday and $20 by next Friday? I think the market will not like the upcoming regulatory reforms (to be outlined on 6/17/09) and I can't see HIG moving upward significantly short-term absent an injection of significant outside capital, rejection of TARP $, a reversal on the "we will not break up the company" line (sell the life unit to bigger players) the announcement of a wall street star to run essentially a P&C company and analysts' upgrades. Talk to me garden man from Ohio. IMO, the stock will be at $13 or less by next Friday and will not start to move up appreciably until after earnings are released in late July. I see $20 by year end if the market recovers...I hope I am wrong.
Well, hopefully between now and $18 we don't have some dumb phuk anal-ist outfit like S&P downgrade services do a downgrade of the U.S. credit rating or that 100 of the 1500 light bulbs inside the sun have burned out.
Hopefully the PUT brothers are out looking for another company like GE maybe to give their shareholders some misery instead of HIG.
Maybe the tide has turned.. Who knows what's next. I just hope Obama doesn't plan to speak anytime soon.