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The Hartford Financial Services Group, Inc. Message Board

rpschom 88 posts  |  Last Activity: 29 minutes ago Member since: Feb 5, 2009
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  • Reply to

    20sma

    by jarhead19881992 39 minutes ago
    rpschom rpschom 29 minutes ago Flag

    With you jar, also the 62% fib is about 8.31---close confluence to the 20sma at 8.18.
    Gap at about the 8.12

  • Reply to

    JEFFERIES

    by rpschom 5 hours ago

    Very true.
    Interesting that this upgrade to buy and a higher price target, follows immediately the day after the MS downgrade.

    Sentiment: Strong Buy

  • Raises GNW price target to 12 dollars from 10 dollars.

    Rating: BUY

    Sentiment: Strong Buy

  • Reply to

    Morgan Stanley

    by rpschom May 5, 2015 7:42 AM
    rpschom rpschom May 5, 2015 10:45 AM Flag

    Agree 100% Von.
    At present unfortunately GNW still has a very big target on their back of uncertainty in LTC, unforeseen past loss and management that the street views as some what distrusting.
    All good ammunition for a downgrade and a short, IMO.

    Time with good repetitive quarterly results----and no big negative surprises---will cure all those evils, IMO.

    FWIW (nothing)----most stocks take months to years to bring back shareholder value once it is lost from the type of surprises and results we have had these past quarters. Fibonacci retracements and to the sma's are normal trading that the big guys profit. They will not miss opportunity. On the flip side with bad news, they can lose 50% of SP in a day or two. Always kills me but they fall far faster (66%) than they rise----usually.
    GL

    Sentiment: Strong Buy

  • Reply to

    Morgan Stanley

    by rpschom May 5, 2015 7:42 AM
    rpschom rpschom May 5, 2015 10:33 AM Flag

    JMHO Arman but frequently the investment banks really desire the opposite from their recommendations. I agree with your reasoning (outright logic) but from their point or view (and power) they might also desire to buy cheap. Hence it is easier for them to short and cover and go long at lower prices. They have the money, time and algorithm software to make it happen. Other banks (in quiet whispers of course) help facilitate the trade with large blocks of "borrowed shares" temporarily.

    Another viewpoint, for all we know they were short GNW prior to earnings and like the results (ayr the CC) but want to cover their short at lower levels. All about the trade----money.

    GS upgrades are really the kiss of death, IMO. When they upgrade and have target prices far higher---they want us to buy in that positive warm fuzzy feeling mentality. It provides great liquidity---for GS to sell into and start their short.
    JMHO GL

    Sentiment: Strong Buy

  • Reply to

    Morgan Stanley

    by rpschom May 5, 2015 7:42 AM
    rpschom rpschom May 5, 2015 9:27 AM Flag

    They see GNW as a trade, IMO. Nothing more or less.
    They let the buying surge post earnings and when the good news buying slowed they enter into a short position, near the top. Come out with a downgrade presently to flush out many that recently bought with stops in place. If nothing else, many will sell to take their short term gains. Usual WS games.

    Looking at the 20 sma or a 50%---62% fib level as support but we should know by a bounce and money flow if other funds or positions start buying on the dip. Also that gap at earnings that they might push. Just some short term thoughts.

  • Cuts GNW to Underweight from Equal-weight

    Reduces price target to 8.00 dollars from 8.50 dollars.
    GLTA

    Sentiment: Strong Buy

  • Reply to

    debt &equity statement filed Genworth

    by acdfoods May 1, 2015 5:35 PM
    rpschom rpschom May 1, 2015 6:55 PM Flag

    There should be complete details soon following next week, IMO.
    All I could find right now.
    GL.

  • Reply to

    debt &equity statement filed Genworth

    by acdfoods May 1, 2015 5:35 PM
    rpschom rpschom May 1, 2015 6:17 PM Flag

    Article for May2 from the australian for the raising of 250 million note issue, only

    ant US mortgage insurer Genworth has won regulatory approval to carry out a $250 million subordinated note issue to back its 66 per cent-owned Australian subsidiary Genworth Limited.

    The debt issue was revealed in a market update from the US group’s chief financial officer, Marty Klein.

    Mr Klein also noted that a recent decision by the US parent not to reinvest Australian earnings in the Australian business meant that its effective tax rate from Genworth Ltd. would jump this year to between 30 per cent and 35 per cent, up from 22 per cent last year.

    “We are no longer asserting our intent to permanently reinvest earnings in Australia as we re-evaluate our strategic options,’’ he said, adding fuel to local speculation that troubles in the US healthcare business may compel a further selldown.

    The US group, originally spun out of General Electric as an insurer, has been the major mortgage insurance provider in Australia and sold off 44 per cent of the business in an initial public offering in May at $2.65 a share.

    The stock ran up to as much as $4.30 early this year after a strong profit result, but dropped back sharply in mid-February to $3.32 after key customer Westpac said it would start writing its own mortgage insurance rather than dealing via Genworth.

    Genworth and QBE LMI are the two biggest non-bank mortgage insurers in Australia, and they have benefited greatly from the recent lift in capital city property prices, which has pushed down the level of claims.

    Banks compel borrowers to take out mortgage insurance when the loan-to-valuation ratio of a mortgage exceeds about 80 per cent.

    Rising prices make claims rare, although the end of the mining boom is making lenders and insurers nervous about a possible rise as prices sag in mining towns.

    Mr Klein echoed Genworth Ltd.’s recent statement that NAB might follow Westpac away from Genworth to go its own way on lenders’

  • Reply to

    debt &equity statement filed Genworth

    by acdfoods May 1, 2015 5:35 PM
    rpschom rpschom May 1, 2015 5:58 PM Flag

    Appear to be filing for the potential of a mixed shelf but the size is not disclosed. SEC filing.

  • Reply to

    RAYMOND JAMES

    by rpschom May 1, 2015 8:05 AM
    rpschom rpschom May 1, 2015 2:52 PM Flag

    Great advice and agree completely, thanks Jar.
    Money flow (CMF Acum, OBV) on healthy volume, is also supporting this move post earnings.
    Majority of price targets from reputable analysts are far higher in SP and rising. If future earnings are positive or promising, they will also improve with the positive momentum.
    It is not a flash pop buy, GNW has room to run at these levels IMO.
    Trading shares around a core position with selling some options on the core, is how I like too roll.

    Have a great week end.

    Sentiment: Strong Buy

  • Reply to

    RAYMOND JAMES

    by rpschom May 1, 2015 8:05 AM
    rpschom rpschom May 1, 2015 9:35 AM Flag

    Agree. Raymond James commands good respect, IMO and as a "Strong Buy" that is a very nice upgrade----they will be having their clients buy GNW.
    There will be dips in SP as in any stock or market but the overall trend and valuations point upward. Staying long and strong.
    Cheers!

    Sentiment: Strong Buy

  • rpschom by rpschom May 1, 2015 8:05 AM Flag

    Raises price target on GNW to 12.50.

    Rating STRONG BUY

    Cheers to all longs.

    Sentiment: Strong Buy

  • With respect to strong----CMF--- Chaiken Money Flow and negative share price movement.
    Big guys are buying while keeping share price low to falling. Bodes well for near positive run in SP.---IMO
    GLTA

    Sentiment: Strong Buy

  • Reply to

    Hey Stupid People!

    by jarhead19881992 Apr 30, 2015 2:09 PM
    rpschom rpschom Apr 30, 2015 3:29 PM Flag

    Agree Jar, we are on the same page. I believe the worst in SP and fundamentals are behind us in GNW. I feel institutions will in the near term buy for the anticipation of either sale of assets and restructuring. Earnings numbers should also be on the upswing. Pendulums swing.
    Trade is for long, regardless of some past imperfections.

    Glad all is good by you, same here, major complaints. I also highly value your opinion so please voice it loud and clear.
    Cheers.

    Sentiment: Strong Buy

  • Reply to

    Hey Stupid People!

    by jarhead19881992 Apr 30, 2015 2:09 PM
    rpschom rpschom Apr 30, 2015 2:15 PM Flag

    Well said, Jar.
    Hope all is good, cheers!

    Sentiment: Strong Buy

  • Reply to

    Gordon Johnson Cash Concern Comments

    by vczapico Apr 29, 2015 9:58 PM
    rpschom rpschom Apr 30, 2015 9:49 AM Flag

    Good synopsis.
    I am also sure that these short positions are using borrowed shares from the banks (they represent) that hold large blocks long.
    What we need is "new" funds and institutions to buy (in a big way) such that there will be a need to cover. LG doing media rounds for the press--- like the shorts promote, would help in this regard.
    Fight fire with fire.
    Thanks.

    Sentiment: Strong Buy

  • Reply to

    200 Club

    by ahonsbruch Apr 29, 2015 5:45 PM
    rpschom rpschom Apr 30, 2015 9:36 AM Flag

    Agree, nice to see that progress below the 200 million.
    Not sure if or when, about the 100 mark but there should be continuing reductions.
    Overall, great progress Y/Y. the slight miss is to be expected periodically IMO.

    Cheers to a lll longs!

    Sentiment: Strong Buy

  • rpschom by rpschom Apr 30, 2015 7:08 AM Flag

    Raises GNW to a BUY rating.

    Cheers to all longs.

    Sentiment: Strong Buy

  • rpschom rpschom Apr 23, 2015 3:44 PM Flag

    Never said I didn't hedge, I hedge almost every investment. Irrelevant.
    My agenda and yours counts for squat (another american "phrase") compared to the institutions opinion and purchases on GNW.

HIG
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