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Author Topic: Bank + Insurance Stocks
Peaser
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I've been trading these the past few weeks. The volatility is making for great day trading.

For anyone interested, be careful, as many more banks + insurers look to be in for financial disaster. Financial disaster meaning bankruptcy. There should be more downside in the coming months so remember to buy low and don't hold these for more than a few days. It may be a while before bottom is realized in this sector. It seems that more folks are still running up credit card bills instead of paying them off. Folks living above their means is a main factor in the increase in loan defaults.

ABK has been a moneymaker for me the past few weeks. All stocks in this sector are at risk for bankruptcy, so don't trade this sector unless you are okay with losing the money used for trading. Does the reward outweigh the risk...

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Buy Low. Sell High.

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Peaser
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Opening new short positions might be the way to go in the coming weeks.

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Buy Low. Sell High.

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Peaser
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We might just see a rise in this sector over the next month due to the emergency 30 day failure to deliver rule just passed down by the SEC for illegal naked shorting.

Unless the SEC enforces the failure to deliver rules such as in the past, nothing will change once this 30 day enforcement of the rules expires.

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Buy Low. Sell High.

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Peaser
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ABK bullish pennant looks like it's coming to an end in a few minutes. Looks ready for another possible run from 2.35. Needs to get above 2.40. 2.47 - 50 DMA

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Buy Low. Sell High.

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Peaser
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ABK pennant looks to come to a point at 11:30est or so.

--------------------
Buy Low. Sell High.

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Peaser
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10:00est news : http://www.thestreet.com/story/10427836/2/high-yield-municipals-look-set-to-rise .html

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Buy Low. Sell High.

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Peaser
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Hopefully 2.26 can hold up as bottom through lunch.

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Buy Low. Sell High.

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Peaser
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Added at 2.22 looking for 2.35 exit after lunch.

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Buy Low. Sell High.

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Peaser
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MBI is starting to look interesting again. Might wait and see if it hits 4.80 in the next few days.

Down nicely after a high open.

Kinda makes me wonder if ABK might just follow suit.

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Buy Low. Sell High.

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R1 Man
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quote:
Originally posted by Peaser:
Added at 2.22 looking for 2.35 exit after lunch.

Good luck. Your playing with FIRE Peaser. JMO. I guess if housing wasn't the way it is and this being a stock that was valued over $82 a year ago....I would think what a deal. But that is not the case. Sure it could hit $3.00 or more, but any day they could go belly up. So, good luck to you.
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Peaser
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You're absolutely correct.

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Buy Low. Sell High.

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Peaser
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Cramer mentioned last night that we hit bottom last week in the bank stocks. I think there's more downturn to the banks though.

There's still plenty more banks that will probably go under.

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Buy Low. Sell High.

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glassman
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after watchin' Wachovia today? i believe anything is possible...

wachovia isn't even one of the "19" protected stocks...

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Don't envy the happiness of those who live in a fool's paradise.

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Peaser
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He only recs. 4 Bank stocks.

The only one he mentioned buying now is JP Morgan.

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Buy Low. Sell High.

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Bill2Drunk
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quote:
Originally posted by glassman:
after watchin' Wachovia today? i believe anything is possible...

wachovia isn't even one of the "19" protected stocks...

Yeah, the market was nuts today. That stock was soo in the RED....and finished up $3.15 I think. WTH is the deal.

Did you sell your stock Peaser?

Next week, I will check out bank stocks.

(R1Man)

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R1Man

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BooDog
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Cool Peaser, very risky no doubt. RDN has had some nice shifts but even that one could be here today and gone tomorrow. My list...
http://finance.yahoo.com/q?s=ABK+ACE+AGO+AIG+ALL+ARE+AYR+AWBC+CB+CINF+CLP+CNA+CN B+DLR+EWBC+FIC+FMD+GFG+HIG+IMGN+MBI+MGI+MORN+PMI+RDN+TMA+WDR&d=t

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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Nice reset today...

AMBAC FINL GRP INC (NYSE:ABK)

Last Trade: 2.19
Trade Time: 4:02PM ET
Change: 0.28 (11.34%)
Prev Close: 2.47
Open: 2.54
Bid: N/A
Ask: N/A
1y Target Est: 4.90

Day's Range: 2.15 - 2.54
52wk Range: 1.04 - 78.46
Volume: 11,916,889
Avg Vol (3m): 17,251,000
Market Cap: 628.16M
P/E (ttm): N/A
EPS (ttm): -45.62
Div & Yield: 0.04 (1.70%)



ACE LTD (NYSE:ACE)

Last Trade: 48.44
Trade Time: 4:01PM ET
Change: 1.21 (2.44%)
Prev Close: 49.65
Open: 48.80
Bid: N/A
Ask: N/A
1y Target Est: 70.49

Day's Range: 48.28 - 49.81
52wk Range: 44.93 - 64.08
Volume: 8,611,201
Avg Vol (3m): 4,924,760
Market Cap: 16.13B
P/E (ttm): 7.26
EPS (ttm): 6.67
Div & Yield: 1.16 (2.40%)



ASSURED GUARANTY LTD (NYSE:AGO)

Last Trade: 11.11
Trade Time: 4:01PM ET
Change: 0.04 (0.36%)
Prev Close: 11.15
Open: 11.18
Bid: N/A
Ask: N/A
1y Target Est: 27.17

Day's Range: 10.70 - 11.59
52wk Range: 7.95 - 30.22
Volume: 4,305,525
Avg Vol (3m): 2,620,050
Market Cap: 1.01B
P/E (ttm): N/A
EPS (ttm): -7.19
Div & Yield: 0.18 (1.60%)




AMER INTL GROUP INC (NYSE:AIG)

Last Trade: 27.43
Trade Time: 4:01PM ET
Change: 2.67 (8.87%)
Prev Close: 30.10
Open: 30.10
Bid: N/A
Ask: N/A
1y Target Est: 45.64

Day's Range: 27.11 - 30.25
52wk Range: 19.73 - 70.13
Volume: 41,909,875
Avg Vol (3m): 36,284,700
Market Cap: 68.36B
P/E (ttm): N/A
EPS (ttm): -2.24
Div & Yield: 0.88 (3.10%)



ALLSTATE CP (NYSE:ALL)

Last Trade: 45.34
Trade Time: 4:05PM ET
Change: 0.83 (1.80%)
Prev Close: 46.17
Open: 44.13
Bid: N/A
Ask: N/A
1y Target Est: 56.45

Day's Range: 44.13 - 47.56
52wk Range: 42.51 - 59.23
Volume: 7,103,018
Avg Vol (3m): 4,665,040
Market Cap: 24.97B
P/E (ttm): 7.56
EPS (ttm): 6.00
Div & Yield: 1.64 (3.60%)



ALEXANDRIA RL EST EQ (NYSE:ARE)

Last Trade: 103.20
Trade Time: 4:02PM ET
Change: 4.03 (3.76%)
Prev Close: 107.23
Open: 104.95
Bid: N/A
Ask: N/A
1y Target Est: 111.86

Day's Range: 102.49 - 107.93
52wk Range: 83.73 - 107.93
Volume: 848,532
Avg Vol (3m): 436,703
Market Cap: 3.31B
P/E (ttm): 32.07
EPS (ttm): 3.22
Div & Yield: 3.20 (3.10%)



AIRCASTLE LTD CMN ST (NYSE:AYR)

Last Trade: 10.05
Trade Time: 4:05PM ET
Change: 0.81 (7.46%)
Prev Close: 10.86
Open: 10.83
Bid: N/A
Ask: N/A
1y Target Est: 15.38

Day's Range: 9.95 - 11.00
52wk Range: 7.68 - 36.70
Volume: 1,076,647
Avg Vol (3m): 1,181,070
Market Cap: 789.52M
P/E (ttm): 5.27
EPS (ttm): 1.91
Div & Yield: 1.00 (9.60%)



AMERICANWEST BNCPT (NasdaqGS:AWBC)

Last Trade: 1.76
Trade Time: 4:00PM ET
Change: 0.60 (25.42%)
Prev Close: 2.36
Open: 2.45
Bid: N/A
Ask: 2.50 x 1000
1y Target Est: 3.63

Day's Range: 1.71 - 2.45
52wk Range: 1.60 - 20.96
Volume: 239,908
Avg Vol (3m): 238,509
Market Cap: 30.29M
P/E (ttm): N/A
EPS (ttm): -1.46
Div & Yield: 0.16 (7.10%)



CHUBB CP THE (NYSE:CB)

Last Trade: 47.61
Trade Time: 4:04PM ET
Change: 1.00 (2.06%)
Prev Close: 48.61
Open: 48.60
Bid: N/A
Ask: N/A
1y Target Est: 59.54

Day's Range: 47.60 - 49.05
52wk Range: 45.38 - 55.92
Volume: 4,319,637
Avg Vol (3m): 2,877,250
Market Cap: 17.40B
P/E (ttm): 6.74
EPS (ttm): 7.07
Div & Yield: 1.32 (2.70%)



CINCINNATI FIN (NasdaqGS:CINF)

Last Trade: 27.02
Trade Time: 4:00PM ET
Change: 0.62 (2.24%)
Prev Close: 27.64
Open: 27.60
Bid: 26.90 x 100
Ask: 27.21 x 100
1y Target Est: 30.50

Day's Range: 27.00 - 27.86
52wk Range: 21.62 - 45.04
Volume: 2,848,319
Avg Vol (3m): 1,761,570
Market Cap: 4.41B
P/E (ttm): 7.41
EPS (ttm): 3.64
Div & Yield: 1.56 (5.80%)



COLONIAL PROPERTY TR (NYSE:CLP)

Last Trade: 20.17
Trade Time: 4:04PM ET
Change: 1.36 (6.32%)
Prev Close: 21.53
Open: 21.36
Bid: N/A
Ask: N/A
1y Target Est: 22.81

Day's Range: 19.97 - 21.47
52wk Range: 17.63 - 37.55
Volume: 1,050,361
Avg Vol (3m): 650,566
Market Cap: 956.50M
P/E (ttm): 2.94
EPS (ttm): 6.86
Div & Yield: 2.00 (9.80%)



C N A FINANCIAL CP (NYSE:CNA)

Last Trade: 25.54
Trade Time: 4:02PM ET
Change: 1.34 (4.99%)
Prev Close: 26.88
Open: 26.76
Bid: N/A
Ask: N/A
1y Target Est: 37.00

Day's Range: 25.48 - 26.84
52wk Range: 21.88 - 46.11
Volume: 428,929
Avg Vol (3m): 698,078
Market Cap: 6.87B
P/E (ttm): 9.35
EPS (ttm): 2.73
Div & Yield: 0.60 (2.30%)


COLONIAL BANCGROUP (NYSE:CNB)

Last Trade: 6.41
Trade Time: 4:01PM ET
Change: 0.34 (5.04%)
Prev Close: 6.75
Open: 6.79
Bid: N/A
Ask: N/A
1y Target Est: 6.39

Day's Range: 6.29 - 6.93
52wk Range: 3.05 - 24.30
Volume: 5,556,670
Avg Vol (3m): 6,730,880
Market Cap: 1.29B
P/E (ttm): 11.15
EPS (ttm): 0.57
Div & Yield: 0.38 (5.90%)



DIGITAL REALTY TRUST (NYSE:DLR)

Last Trade: 40.12
Trade Time: 4:04PM ET
Change: 2.04 (4.84%)
Prev Close: 42.16
Open: 41.85
Bid: N/A
Ask: N/A
1y Target Est: 45.22

Day's Range: 39.92 - 42.16
52wk Range: 31.28 - 44.21
Volume: 1,160,224
Avg Vol (3m): 1,081,590
Market Cap: 2.64B
P/E (ttm): 477.62
EPS (ttm): 0.08
Div & Yield: 1.24 (3.00%)

EAST WEST BANCORP (NasdaqGS:EWBC)

Last Trade: 11.10
Trade Time: 4:00PM ET
Change: 1.66 (13.01%)
Prev Close: 12.76
Open: 12.87
Bid: N/A
Ask: 12.00 x 3000
1y Target Est: 14.70

Day's Range: 10.81 - 13.00
52wk Range: 6.77 - 38.42
Volume: 2,959,625
Avg Vol (3m): 2,736,010
Market Cap: 704.15M
P/E (ttm): 5.58
EPS (ttm): 1.99
Div & Yield: 0.40 (3.30%)


FAIR ISAAC INC (NYSE:FIC)

Last Trade: 22.06
Trade Time: 4:08PM ET
Change: 0.96 (4.17%)
Prev Close: 23.02
Open: 20.24
Bid: N/A
Ask: N/A
1y Target Est: 28.43

Day's Range: 20.24 - 23.49
52wk Range: 18.76 - 40.63
Volume: 877,790
Avg Vol (3m): 618,706
Market Cap: 1.07B
P/E (ttm): 13.63
EPS (ttm): 1.62
Div & Yield: 0.08 (0.40%)



FIRST MARBLEHEAD CP (NYSE:FMD)

Last Trade: 2.37
Trade Time: 4:05PM ET
Change: 0.00 (0.00%)
Prev Close: 2.37
Open: 2.55
Bid: N/A
Ask: N/A
1y Target Est: 3.63

Day's Range: 2.35 - 2.75
52wk Range: 1.65 - 41.77
Volume: 1,557,690
Avg Vol (3m): 1,706,120
Market Cap: 234.33M
P/E (ttm): N/A
EPS (ttm): -1.06
Div & Yield: 0.48 (20.50%)


GUARANTY FIN GROUP (NYSE:GFG)

Last Trade: 4.28
Trade Time: 4:02PM ET
Change: 0.47 (9.89%)
Prev Close: 4.75
Open: 4.94
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 4.26 - 4.94
52wk Range: 2.96 - 18.50
Volume: 338,139
Avg Vol (3m): 593,434
Market Cap: 159.65M
P/E (ttm): 3.89
EPS (ttm): 1.10
Div & Yield: N/A (N/A)

HARTFORD FIN SVC (NYSE:HIG)

Last Trade: 61.55
Trade Time: 4:03PM ET
Change: 2.89 (4.48%)
Prev Close: 64.44
Open: 64.73
Bid: N/A
Ask: N/A
1y Target Est: 86.36

Day's Range: 61.49 - 64.95
52wk Range: 53.20 - 99.21
Volume: 3,664,597
Avg Vol (3m): 3,270,580
Market Cap: 19.37B
P/E (ttm): 8.81
EPS (ttm): 6.99
Div & Yield: 2.12 (3.40%)



IMMUNOGEN INC (NasdaqGM:IMGN)

Last Trade: 4.80
Trade Time: 4:00PM ET
Change: 0.01 (0.21%)
Prev Close: 4.81
Open: 4.80
Bid: 3.53 x 1000
Ask: 6.21 x 600
1y Target Est: 7.67

Day's Range: 4.75 - 4.92
52wk Range: 2.64 - 5.50
Volume: 215,725
Avg Vol (3m): 296,988
Market Cap: 205.96M
P/E (ttm): N/A
EPS (ttm): -0.58
Div & Yield: N/A (N/A)



M B I A INC (NYSE:MBI)

Last Trade: 5.42
Trade Time: 4:00PM ET
Change: 1.04 (16.10%)
Prev Close: 6.46
Open: 6.52
Bid: N/A
Ask: N/A
1y Target Est: 10.33

Day's Range: 5.34 - 6.59
52wk Range: 3.62 - 68.98
Volume: 10,934,391
Avg Vol (3m): 11,006,000
Market Cap: 1.48B
P/E (ttm): N/A
EPS (ttm): -32.37
Div & Yield: 1.36 (24.50%)


MONEYGRAM INTL (NYSE:MGI)

Last Trade: 1.38
Trade Time: 4:00PM ET
Change: 0.05 (3.76%)
Prev Close: 1.33
Open: 1.39
Bid: N/A
Ask: N/A
1y Target Est: 3.67

Day's Range: 1.25 - 1.42
52wk Range: 0.84 - 28.96
Volume: 548,303
Avg Vol (3m): 1,417,180
Market Cap: 113.99M
P/E (ttm): N/A
EPS (ttm): -17.74
Div & Yield: 0.20 (16.00%)


MORNINGSTAR, INC. (NasdaqGS:MORN)

Last Trade: 63.50
Trade Time: 4:00PM ET
Change: 2.52 (3.82%)
Prev Close: 66.02
Open: 66.76
Bid: 61.10 x 100
Ask: 65.46 x 100
1y Target Est: 75.00

Day's Range: 62.97 - 67.38
52wk Range: 47.84 - 85.50
Volume: 159,609
Avg Vol (3m): 223,228
Market Cap: 2.90B
P/E (ttm): 37.98
EPS (ttm): 1.67
Div & Yield: N/A (N/A)



P M I GROUP INC (NYSE:PMI)

Last Trade: 2.92
Trade Time: 4:01PM ET
Change: 0.30 (9.32%)
Prev Close: 3.22
Open: 3.57
Bid: N/A
Ask: N/A
1y Target Est: 6.17

Day's Range: 2.89 - 3.74
52wk Range: 1.20 - 39.25
Volume: 4,085,470
Avg Vol (3m): 2,391,620
Market Cap: 237.14M
P/E (ttm): N/A
EPS (ttm): -15.52
Div & Yield: 0.05 (1.90%)

RADIAN GROUP INC (NYSE:RDN)

Last Trade: 2.03
Trade Time: 4:04PM ET
Change: 0.13 (6.84%)
Prev Close: 1.90
Open: 2.36
Bid: N/A
Ask: N/A
1y Target Est: 5.00

Day's Range: 1.89 - 2.58
52wk Range: 0.70 - 44.27
Volume: 11,941,925
Avg Vol (3m): 3,162,750
Market Cap: 163.27M
P/E (ttm): N/A
EPS (ttm): -15.16
Div & Yield: 0.08 (6.30%)


THORNBURG MTG INC (NYSE:TMA)

Last Trade: 0.34
Trade Time: 4:00PM ET
Change: 0.01 (3.03%)
Prev Close: 0.33
Open: 0.37
Bid: N/A
Ask: N/A
1y Target Est: 0.87

Day's Range: 0.31 - 0.37
52wk Range: 0.18 - 27.07
Volume: 5,803,478
Avg Vol (3m): 5,995,550
Market Cap: 131.55M
P/E (ttm): N/A
EPS (ttm): -37.20
Div & Yield: 1.00 (344.80%)



WADDELL&REED FIN INC (NYSE:WDR)

Last Trade: 32.87
Trade Time: 4:01PM ET
Change: 1.07 (3.15%)
Prev Close: 33.94
Open: 34.03
Bid: N/A
Ask: N/A
1y Target Est: 37.29

Day's Range: 32.78 - 34.74
52wk Range: 21.52 - 38.00
Volume: 1,482,374
Avg Vol (3m): 1,294,890
Market Cap: 2.85B
P/E (ttm): 21.90
EPS (ttm): 1.50
Div & Yield: 0.76 (2.30%)

--------------------
All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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Peaser
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Thanks for the run down on the sector BD.


Did you sell your stock Peaser?

A few times this week. Not holding anything now, wish I had SIRI on the short end today. Damn manipultion with these PR's.

--------------------
Buy Low. Sell High.

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Peaser
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after watchin' Wachovia today? i believe anything is possible...

I'm wondering who might buy Wachovia. Also interested in all the dirty laundry being aired.

--------------------
Buy Low. Sell High.

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Peaser
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ouch...

http://online.barrons.com/article/SB121686279466579659.html?mod=yahoobarrons&ru= yahoo

--------------------
Buy Low. Sell High.

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glassman
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rumors two weeks ago were that Jamie Dimon was looking to buy them too, but now i'm just watching to see if they sell out their old "First Union" acquisition or not.....

--------------------
Don't envy the happiness of those who live in a fool's paradise.

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Peaser
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wait and see...

ABK got beat up pretty good today. Might just see a buck by Friday...

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Buy Low. Sell High.

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Peaser
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LEH - stick a fork in 'um.

Who's next? WM imo...

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Buy Low. Sell High.

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Peaser
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AIG "just won't make it" according to one CNBC analyst just on.

Cramer says that "it can't fail"...

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Buy Low. Sell High.

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glassman
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Maria just said they need 75 billion$ ?

thats double what they were saying this morning....

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Don't envy the happiness of those who live in a fool's paradise.

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Peaser
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and with a $14 billion market cap... lol

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Buy Low. Sell High.

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Peaser
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I'm wondering which might fail first.

AIG or WM?

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Buy Low. Sell High.

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Peaser
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Dow down $500 [Eek!]

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Buy Low. Sell High.

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R1 Man
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quote:
Originally posted by Peaser:
I'm wondering which might fail first.

AIG or WM?

Thinking AIG....however Buffet was having talks with them. I think its too low to short though.
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Peaser
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Nuttn's ever to low to short, well, unless it's at .00000. lol

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Buy Low. Sell High.

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TimW
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Well AIG is unshortable now..

However, once we start doing the math we see this.

" But we note AIG's 6/30/08 tangible equity of some $26 a share. Adjusting for the 79.9% stake in AIG the Fed is expected to receive under terms of its loan, tangible equity would equal about $5.23 a share. Our target price of $5.50, raised today by $0.50, assumes the shares trade at about 1X adjusted tangible equity."


Given the Government 80% takeover if AIG does not restructure and pay off that loan, the stock is worth $5.23 after the takeover.

Thats what it trades at today...

If they do pay off the loan, how high will it go again?

I think AIG is an excellent bet..

I am a little late to the party on AIG, but I tossed a few grand in today.

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TimW
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Looky that, I just lost a ton of money! LOL Stop lossed out at 4.00$/share.

I can't believe the way the market is going these days.

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BooDog
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Anyone playing the bounce on WM?

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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quote:
Originally posted by BooDog:
Anyone playing the bounce on WM?

18 MM's at .01 wow

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

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BooDog
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quote:
Originally posted by BooDog:
quote:
Originally posted by BooDog:
Anyone playing the bounce on WM?

18 MM's at .01 wow
allrighty then... guess we won't be playin the bounce. lol

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All post are my opinion. Do your own DD. Who's clicking your buy/sell button!?

Posts: 7800 | From: Virginia | Registered: May 2006  |  IP: Logged | Report this post to a Moderator
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