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Webster Financial Corp. Message Board

  • phoneguyindia phoneguyindia Mar 16, 2011 6:12 PM Flag

    how low will it go

    looks like the whole market will give up gains with all the crap going on. Can't quite call the bottom here before it turns back up. Wondering what the Q1 will be. Anyone care to give their predictions on earnings and when and where this stock will again turn positive

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    • I have no way to predict the quarterly results but the long term trend is positive. Higher gasoline and energy costs are a concern however in the short term.

      I sold half my long position at 23 and have started to buy back under 21. If we go below $ 20 , time to buy.

      • 1 Reply to cololamahahual
      • I would be a buyer here going forward, this is market sentiment not earnings, a good time to get in. The more into the recovery the less the pullbacks will be. I hope/fell 21 is the new 20 here whereas the pullbacks should stay above 20, provided we have a decent quarter. With last quarters blow out I hope the street doesn't punish us for being in-line or a mere couple penny's above or below consensus estimates.We are now posting earnings, and bad loans should be all but off the books!! JMHO GLTA

36.64-0.13(-0.35%)Apr 29 4:00 PMEDT