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Webster Financial Corp. Message Board

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  • cololamahahual cololamahahual Mar 17, 2011 8:37 AM Flag

    how low will it go

    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.

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    • 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

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