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Webster Financial Corp. Message Board

  • wverheggen01@snet.net wverheggen01 Feb 29, 2012 4:29 PM Flag

    Guess the news wasn't good

    Seems like some got the news before the 4PM meeting.Its been way down all day.

    Its in my IRA so I'll just have to wait a little while longer.

    I still like this bank, one of the few that is out there lending again.

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    • What news ?

      • 1 Reply to mittnewt
      • Just like I said, nothing really was going to get mentioned at the investor conference. No biggie! The last real big news WBS had was a couple years ago when Warburg took bought in. That's the thing with this stock over the years.... It's not splashy, it just performs very well, rarely disappoints. Yes, it's boring, but it just produces! I think today, banks in general were down with bernake's comments and a lot of people used this time to sell off their profits from the run up. In my opinion, unless the overall market drags this down or bad news in the banking sector drags it down, wbs should find another trading pattern in the $20.50-22.00 trading range.... Again, this is just my opinion. Good news or no news could easily allow it to bump up. However, days like today, I think we are just seeing profit taking with the run up the last month or two. I can't blame them! Good for them. I bought in an sold back out today, then bought back in towards the end of the day, so let's hope for a good bump in the next day or so! Good luck to all. Sorry for any typos.... I'm typing this out on my iPhone as I wait on my wife to arrive at the train station, while I sit in the car.

 
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