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Genworth Financial, Inc. Message Board

  • joeschmo_4 joeschmo_4 Mar 12, 2013 10:38 AM Flag

    Institutions Have This Perched Right at $10.50

    That's OK. Near term that insulates us to an extent as neither being overextended (relative to recent gains) nor undervalued (again relative to recent trading levels).

    The next move will likely be NEWS related, as it should be. Divesting Wealth Management, Aussie IPO, LTC pricing changes, MI restructuring, all have potential to move the SP higher.

    For now, it's a waiting game. If the overall mkt takes a dive, which nearly everyone is expecting to happen intermediate term, we may see some attractive buying opportunities.

    Cheers to the Longs,
    Joe

    Sentiment: Buy

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    • Joe, if it helps you down the road, institutions have nothing to do with day to day market pricing of stocks, they are simply buyers and sellers of the stock, just in much larger quantities than the average investor. The MM sets the price of stock daily!

      The current move was news related! So no one knows what the next news will be good or bad and don't forget about this Qtr earnings and guidance, that will determine the future sp more than anything else.

      Individual stocks don't necessarily follow the market down when they are trading/priced far below BV, etc.

      If you don't believe that, then explain RDN/MTG movement the last 30 days? Had nothing to do with market movement

      Stock drifting down to the $9's?????....that is one hell of a range my friend, 10%+ gap from top to bottom $9's

      Somebody had to do it!!!!!!!

    • I am a newbie here, but there does seem to be a consolidation between $10.53-$10.56. Most shares thus far, 4.2 million have bought within that range.

 
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