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Hudson City Bancorp, Inc. Message Board

  • stockingup_1999 stockingup_1999 Oct 16, 2013 10:58 AM Flag

    There is NO Reason to sell right now!

    With the market rising on hopes of a debt limit agreement. It seems obvious that the govt. will raise the limit vs. defaulting, so why sell. Is it possible the govt. defaults and the market drops 1,000+ pts. yes, but be realistic. With the substantial current discount (approx $0.25) on HCBK as compared to MTB share price, why sell. Unless the whole market tanks on the debt limit issue, there is nowhere else better to be than HCBK. I am referring to short term only, meaning the next few days- weeks. IMHO, they get a debt limit agreement, market goes up 200 pts, HCBK approaches $9.60, then i will probably sell, bought at $9.32 about two months ago, been waiting watching this go up and down. Finally, appears to be in an upswing. GLA

10.120.00(0.00%)Oct 30 4:00 PMEDT