Stong Buy - Forbes Raises Target - My Target - a Takeover
Looking at the chart above(not shown), FNFG’s low point in its 52 week range is $7.08 per share, with $10.35 as the 52 week high point — that compares with a last trade of $8.01.
I told you this was going to happen, but there is more....
The volume has been extremely high and precedes a large rise after. The last two days watching the buys is telling me there is accumulation of shares. It was noted that the dividend was a factor but with yesterdays volume it's not in play.
I believe earning will show First Niagara a valuable bank play going forward. Analysts will look like heros calling for strong buys, something we already knew.
A takeover? Good God, I hope not: I bank with First Niagara as well as owning some shares. FNFG "inherited" me when they bought out some branches of HSBC, and have been a vast improvement. I don't want to have to change banks again. Better a more modest profit than being placed back into the hands of the "Banksters".
I'm being a little dramatic here, but really First Niagara has- at least so far- been very good to deal with. I've had enough of these "big" banks that #$%$ on their customers.