Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 10-09-2008, 12:43 PM
Junior Member
 
Join Date: Mar 2008
Posts: 4
The Financials are being slaughtered again especially the Insurance Stocks!

As the SEC lifted the ban on short selling on the financials today, the entire financial sector has been under a relentless attack by short sellers. It seems that the short selling is continuing today without abate and the whole financial stocks and insurance companies are taking a severe punishment!

This market sell off is contagious and is destroying billions of dollars of shareholders value...Look at Pru stock! One of finest stocks in the financial industry, a gaint amongst the best, a conservative corporation, well capitalised and was down more than 30% at one point today!

There are no hidden liabilities, off balance sheets liabilities and other anomalies that have been the case with other financial companies..! Look, Prudential's ROI is absolutely fantastic! Folks this is just a temporary blip due to the financial panic that is driving the investors to sell in a hurry! Long term investors will be rewarded handsomely!

These shorts are really foolish amatuer's with no understanding behind the strength of the core business of Prudential..

Prudential has been voted one of the best stocks in 2008! A steady stream of earnings growth with a fantastic rate of return on investment..These Short Sellers must be stopped now! SEC Are you listening!


Last edited by TaxGuru : 10-09-2008 at 02:23 PM.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 10-26-2008, 11:40 AM
TaxGuru's Avatar
Tax Guru
 
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,397
Blog Entries: 3
Well, the financials are being affected due to the credit freeze and commercial paper market being frozen. But, now that the resolute action by the US government along with the concerted action by the G-7 and other Central Banks from emerging nations, this financial crisis should hopefully stabilize.

The fact that the US treasury expressed an interest in injecting capital in both banks and insurance companies along with entering the commercial paper market, the financial sector showed an abrupt positive change on fridays trading.

It was a violent positive upturn, one in which saw shares of Prudential financial go from negative 7-8% to positive 4.5% at the end of the close.

The moral of the story is to diversify, invest for the long haul, avoid speculation and margin buying!

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.


Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
How to report Loss- Stocks Bought in Dec 2006, sold in Feb 2007.. pruthik_21 Capital Gains 3 02-05-2008 04:49 PM
Why Tax loss selling is not the best idea for Volatile Stocks? TaxGuru Capital Gains 6 01-14-2008 12:56 PM
Does it matter what Life Insurance Company I select to purchase Life Insurance? Edmund Life Insurance 0 08-23-2007 08:24 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning