Shorting Insurers

niraj_a

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I have been shorting LNC today - good idea or shorting into upswing?
 
ha ha ha ha - this must be a joke right? Shares are up 43% today



Edited 1 time(s). Last edit at Friday, December 5, 2008 at 03:49PM by artvandalay.
 
no joke :( don't plan to cover today atleast...a small selloff should occur later due to profit taking / ppl realizing the hartford is BSing.

i got no power when the govt decides to make mark-to-market accounting obsolote for insurers, and the mkt. gobbles up a higher "projection"
 
i actually added 50% to my position on HIG yesterday... i am clean now...
 
pardon my ignorance on fairly recent events (swamped at work with other stuff), but isn't the government going to basically save most large insurance companies like they have banks.... i think the obvious comment would be that it's too late to short these companies. they may not go up much either in the future, of course.
 
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