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?

Do these face problems similar to banks ?

I am thinking the insurers are next in line for a govt bail-out especially as they are charging a 22% exit fee to deter policy holders from selling..if 59p support gives it could go 30/40p.

you can probably take your pick of many insurers as a good shorting target, assuming that is permitted ..... SL. could make an interesting choice, partly on the basis that its sp has fallen much less than many

I would agree that insurers have further to fall maybe another 50/60%.

Excellent results from Ariva today.

..and not forgetting Aviva either )-:

Yes Aviva (what a stupid name)..!

Jesus H Corbett its in freefall despite the decent Aviva figures.

Taken a hit because of the Lloyds/HBOS news.

Maybe something to do with the pension management at LGEN.
The graph is a bit of a nightmare, but at some point (which I can't predict) it must be worth considering for a bounce.

I agree Harry its in big trouble the pension side must be in complete disaray.

mitzy you mean this legitimate "ponzi" scheme hasn't enough money coming in to pay their pension payment liabilities?

Well now you mention it halifax it certainly looks that way.

Talk that Legal & General will soon hit the rights-issue trail refuses to go away. The shares were among the biggest fallers in the FTSE 100, losing 5.2p at 49.5p. City speculators say there is no smoke without fire......"This is Money"

This is going down faster than Lloyds.

Incredible down 25% in 45 mins looks like I will get my 30p sooner than I had thought.

From what I have read over the weekend, I gather that this drop is due to the ongoing discussions with the FSA over the amount of money LGEN needs to put to one side as provision for defaults in it's bond portfolio. There seem to be worries over LGEN reserves, which are going to have to increase by up to 2bn if the FSA have their way.
Preliminary results out in march, so will watch this one for a while rather than dip in now.

Its all hyperthetical Harry and undermining LGEN's financial position no doubt the FSA know best.

http://www.thisismoney.co.uk/investing-and-markets/tips-and-tactics/article.html?in_article_id=475909&in_page_id=23&ct=5

Not a problem

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