Signature Group Holdings Inc Message Board
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Could be tax loss selling
While the long range propects, in my opinion, for FMT are great I think in the short run the stock will drop. Many people who have invested in FMT have a loss in it and could be selling for year end tax planning. If you don't think the stock will rise over the next 4 weeks and are showing a loss in it sell now, buy 31 days later.
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I really thought you were just one of the thoroughly p.o.'d ex-employee bashers (not that I blame them).
If you really have a serious position and know the company, why don't you speak seriously and tell us what you know?
Trust me, I'd much rather have a real conversation than trade blasts and counter blasts. Want to try? -
Thanks, dabmu. But please be respectful of your elders. Loud may be grouchy but maybe, one of these days, if we're very nice to him, he'll make history-put something of substance into an fmt post. I bet he's a very wise investor who could teach us a lot.
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Could be tax loss selling or mutual fund repositioning. Either way a stock at the low end for the year has a hard way to go for the first three weeks in December. Not a good thing but it is a fact. Usually the tax selling and mutual fund trading is over by December 27 and we can see some upside movement. This is a good chance to pick up some last minute Christmas gifts like FMT at a cheap price.
Guess what my kids are getting for the holidays. Some day they will thank me.- 1 Reply to valuestockguy101
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I suspect you're right. I broke even and left the common at 4.21. Still holding the pfd because it's just too sure a shot.
Today's "bad" economic news should help keep interest rates down. That's good for FMT.
I'll probably head back into the common when the actuarial picture further clarifies.
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