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People's United Financial Inc. Message Board

  • tonyforgoog tonyforgoog Mar 15, 2011 4:57 PM Flag

    moment of truth - if breaking below 12.20

    So much pressure on the stocks.
    If it breaks below 12.2, it will be crushed.
    It has to trade at 6% dividend before it's not attractive to any shorts, i.e. 2X comparing to 3% 10-yr treasury.

    This is the worst bank stocks. It rallied Dec last year just to sux in more longs who thought it gets some wind. Then BAM! collapsed 20% without a word from incompetent and impotent management team.

    Now, we are heading into a critical area 12.2, the 5 year low. Today we bounced, tomorrow we shall see..

    I am long and can only hope (I shouldn't) this Danvers deal closes before we go under 12.2 It seems very wishful thinking at the moment.

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    • Stop right on 12.2 tonight.

      It is so easy to lean on something without legs..
      pbct run by incompetent mgnt has nothing good to talk about.
      i think the time is near. tomorrow short sellers will try to lean on this once more to make sure other funds start to sell.

      when that happens, pbct is cooked and will be approx 10..

      longs can start praying now. funny how pbct fate is heavily tied to situations in Japan.

      oh i forgot this bank has no one to look out for shareholders.

      buying this bank stock is the stupidest idea ever.

      • 1 Reply to tonyforgoog
      • No news is good news, and there hasn't been an indication of anything good or bad emanating from the suites at corporate HQ. What's glaring is the detachment and separation from shareholders that comes across (or doesn't). Management might even be greedy and incompetent as described here by some (could be the result of advisors), but that doesn't compare to the sense of entitlement these people have.

16.220.00(0.00%)Oct 24 4:00 PMEDT