He's done it before.
Algorithms are pumping LNKD as MMs are shorting it.
Insiders know better and are exiting massively.
September and October will be ugly. Sub $100 is a feasible target for MMs.
The market is ripe for a (real) pullback, this low volume rally is a bull trap.
Go check shortanalytics, you'll see that the majority of trades were buys, even if GNW was falling last week. Very low percentage of shorting activity. Big money was scooping cheap shares and will push GNW back up when they're done loading up.
Shorting a low PE stock like GNW is suicidal. AIG, Warren Buffet, or anybody... is watching and might try to acquire GNW now that it's back down to %40 of book value.
+$8.3 billion in reserve is making GNW a safe as can be.
"Have not sold, wish i did".
What if it GNW pops to $24 on Tuesday morning before market open on a bid from Warren Buffet? The GNW valuation is so low that the sharks are circling. GNW is half priced.
GNW has 8.3 billion in reserve. The Aussie MI IPO brought +500 million.
LTC review might need 50 million... Big deal.
GDP of 4 in 2nd quarter, GNW rising revenue, falling unemployment, the world markets are in recovery and will stay in recovery for a quite while.
Gaza, not an issue. Argentina, not an issue. Ebola, not an issue. Ukraine is the only big question mark. If Putin calms down, say hello to DJI 18,000.
It was a sudden, one quarter spike in claims. Clown.
Finally, someone who gets it.
Buy and hold. In two years some will look back is disgust because they sold or did not buy at $13-$16.
They'll eat crow very soon.
I believe there was not much shorting going on today.
It was probably more algorithms pushing the stock down for accumulation purposes.
Big money is still looking for great value and here's GNW on sale... Watch the next few days.
$24 in 2015.
Rate hikes will take care of the problem much older LTC policies. There's only a small percentage and they were badly packaged. Many will drop their coverage as a whole due to rate increases. Sorry for them, good for GNW.
This drop is way overdone. But hey, if you had dry powder, it's perfect.
And you make a fortune by taking position while they beat the #$%$ of the stock. GNW is a top value stock and it will be back. All GNW dips were good buying opportunity.
This one is the best in 3 years.