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LGEN, RSA, sell the news. 5% of the country forecast to be under water by end of week (LGEN)     

tobyboy - 26 Jun 2007 11:49

if you 'buy the rumor and sell the news, is all this rain a rumor?
these two shares are stuck between interims maybe worth a quick .10p short?

more rain forecast, or don't they pay out claims anymore?

mitzy - 18 Feb 2009 09:57 - 27 of 204

Down 10% and down 60% since September I'm sorry for all the lt holders out there its being shorted by Crispen and friends.

blackdown - 18 Feb 2009 10:06 - 28 of 204

Sensible thing is to stay put if you are a holder.

mitzy - 18 Feb 2009 10:22 - 29 of 204

Chart.aspx?Provider=EODIntra&Code=LGEN&S

bhunt1910 - 18 Feb 2009 14:06 - 30 of 204

This might just recover today !!

maggiebt4 - 18 Feb 2009 14:42 - 31 of 204

It's trying hard, fingers and everything else crossed!

mitzy - 18 Feb 2009 16:27 - 32 of 204

Its no good trying its determined to fall sub 40p despite peoples thoughts.

mitzy - 19 Feb 2009 09:36 - 33 of 204

Still it continues.

mitzy - 19 Feb 2009 11:17 - 34 of 204

Its a sad day when LGEN goes bankrupt...my target is 16p.

2517GEORGE - 19 Feb 2009 11:28 - 35 of 204

That's a contradiction in itself mitzy.
2517

mitzy - 19 Feb 2009 11:33 - 36 of 204

I thought the same George but at 16p they would be technically bankrupt.

maggiebt4 - 19 Feb 2009 11:34 - 37 of 204

What do you base that on Mitzy?

maggiebt4 - 19 Feb 2009 11:35 - 38 of 204

That's the 16p not the bankrupt

blackdown - 19 Feb 2009 12:05 - 39 of 204

Massive shorting going on.

mitzy - 19 Feb 2009 12:07 - 40 of 204

Say suppose the market falls another 60% in the year the share price would be 16p.

maggiebt4 - 19 Feb 2009 12:11 - 41 of 204

Thanks M So you don't think it's happening tomorrow?

skinny - 19 Feb 2009 12:21 - 42 of 204

Depends on your definition of market.

Chart.aspx?Provider=EODIntra&Code=UKX&Si

2517GEORGE - 19 Feb 2009 12:24 - 43 of 204

As I see it the problem for insurers stem from when they were forced (by the gov.) to sell equities and invest more in gilts and corporate bonds, some of the bonds are now in danger of not being paid.
2517

mitzy - 19 Feb 2009 15:15 - 44 of 204

Chart.aspx?Provider=EODIntra&Code=LGEN&S

Been a sell since early February when it was trading at 60p is it worth buying at 36p I am not convinced yet.

mitzy - 20 Feb 2009 14:36 - 45 of 204

FTSE down 130 points when will it ever end..?

2517GEORGE - 20 Feb 2009 14:43 - 46 of 204

Who knows ? This may be the approach to the final sell off, but then again----
2517
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