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Non-Tech : Signature Group Holdings -- Ignore unavailable to you. Want to Upgrade?


To: Carey Thompson who wrote (21)4/3/2007 10:54:20 AM
From: SI Bob  Respond to of 78
 
What's really puzzling is that it's up today after printing some serious lows. Almost touched $7 in an early climb. But watching that climb, it smacked to me of a single entity unwinding a short position. One very large buyer who has since disappeared.

To be up currently 3% on the day is mind-boggling. The resignation of an auditor is ALWAYS bad news. No way to spin that into a positive.

I'm still unwinding but feel like I don't have to be quite as hasty about it at this point. And really glad I didn't join the afterhours panic yesterday.

I know a rising tide (the indices) raises all boats, but it tends not to raise the ones with massive holes in their sides.

And now just barely up 1%. About a 16-cent drop in the time it took me to write this and I type real fast.

Edit: Guess LEND getting financing and home sales doing better than (or not as bad as) expected is why this one's up today.