for CC, its not about earnings, its about guidance for 2014, Aussi IPO, dividend program, LTC. Its nice for everyone they beat Qtr estimates, to me the best news was improvement in Life Division, its our CEO's strength and background.
Now some facts, for all of you dreaming of a short covering, GNW is only 1,7% short, not even on the radar and shorts were not the reason for sell-off in stock, it was the market and people locking profits and buying back cheaper shares. AH volume is 50 and 500 shares blocks, the largest % of trades...only 72K+ shares traded, if the street liked earnings that much, it would be 1.2M and up 18%+, reference of historical data.
So relax and let the CEO and management paint the picture for 2014, if guidance and programs are in place, we go up, if not, consolidation. I know the pumpers has suffered from pulling the trigger too early, but that was a gamble, not investing. Proof, AH highest trade was $15.25 and that is $1.4X+- 52 week sp high in early January.
The pumpers told you in was going $20+ 2013 and it ended today's last trade @14.53, up to $15.25 AH on low volume, headline number, they told you to add in mid $15's and it went a $1 lower.
Lesson, listen to CC tomorrow and lets see what management says, they want pump $35 or BV, they will give you the facts and that is what will move stock in 2014.
Good news 2014 sp, 18.60 as of today, implementation of all 3 major programs in 2014, 21.40ish
Chill, congrats to Genworth team for turning around MI, lets hope it continues, cheers to the quality contributors and fellow longs.
Hoping for good news, planning for a crazy day of trading and lets hope market is positive tomorrow!