Does anybody have any idea why Manulife stock declined from $23 to $13 in the space of a few days? What is the market saying about the company?
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Manulife
- Thread starter Rockslinger
- Start date
Not sure but I just..
liquidated my position..Should have done it six months ago..
liquidated my position..Should have done it six months ago..
Rockslinger said:
I can't find anything on this... where did you read it?
http://www.manulife.com/corporate/corporate2.nsf/Public/Homepage
http://www.manulife.com/corporate/corporate2.nsf/Public/corporate020309.html
http://www.manulife.com/corporate/corporate2.nsf/Public/Homepage
http://www.manulife.com/corporate/corporate2.nsf/Public/corporate020309.html
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enduser1
Just to clarify, my post is a question and not a statement. I am asking based on the shrinking stock price. Does the market know something we don't? Also, a major Canadian life insurance company (Confederation Life) has gone belly up before so this would not be a precedent. (Now there are rumours of Citi and BofA going bellyup so nothing is beyond the realm of possibility.) It would be irresponsible NOT to ask the question.
Rockslinger said:
Wouldn't a question be something like... "What would you guys do if Manulife went bankrupt?"Rockslinger said:
Steely said:
But what if you are wrong? Who would have thought a year ago that Citi and BofA would be dead in the water today?
Roughly 12 years ago, the parents of a friend retired to South Africa and lived in a nice "white gated community". Two years later they were back in Canada living in my friend's one bedroom apartment. Can you guess what happened?
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enduser1
Rockslinger,
Are you aware that the SEC has recently begun charging people with manipulating stocks by badmouthing them on investement boards so that they can buy them cheap?
Fortunately for you this is Canada so the OSC will do absolutely nothing.
EU
Are you aware that the SEC has recently begun charging people with manipulating stocks by badmouthing them on investement boards so that they can buy them cheap?
Fortunately for you this is Canada so the OSC will do absolutely nothing.
EU
Sec
I have it straight from an anonymous source that the SEC monitors this site on a regular basis.
I have it straight from an anonymous source that the SEC monitors this site on a regular basis.
enduser1 said:
Does that mean we are not allow to ask questions about the solvency of publicly listed companies? What about that guy who wrote the article that Citi and BofA are dead in the water? Did someone say death to short sellers?
What about people who are "goodmouthing" a company so they can sell and get out while the getting out is still good?
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enduser1
Rockslinger said:
No kidding, all excellent points. Hell, remember 1998 1999 when the money honey on Bubblevision was having on air orgasm's as the Nasdaq surged, or rather splooged to new highs.
Journalism is still allowed but what the sec is investigating are people who intentionally talk the price of a stock down in order to reduce the purchase price. Believe it or not Mutual Funds in the early 2000's were engaging in market timing and manipulation of purchase prices.
EU
nottyboi said:
My friend's parents who went to retire in a "white gated community" in warm weather South Africa put all their nest egg in a South African insurance company that promised to pay them a million dollars a year for as long as they shall live. Two years later that insurance company went belly up and the money was nowhere to be found. The parents returned to Canada and were living in my friend's one bedroom apartment the last time I looked. I remember thinking to myself at the time that this could never happen in a first world country like Canada. Thank goodness they changed the accounting rules!
enduser1 said:
Could you also warn that other TERBIE who keeps saying Google will go bellyup? How can Goggle go bellyup, they must get a billion visitors everyday? How come nobody warn me about Nortel (maybe I was in the VIP at the time, shoot)?
Rockslinger...you're a nice guy and I like you, but that first post was incredibly stupid.
Your post should have asked a question like "what is wrong with manulife" or it should have been a question you followed up with in a subsequent post "does the market know something about manulife we don't?". But to say "is it true" is to imply that that somewhere somebody is talking about them going tits up...and if you can't show us where, then it was irresponsible.
Your post should have asked a question like "what is wrong with manulife" or it should have been a question you followed up with in a subsequent post "does the market know something about manulife we don't?". But to say "is it true" is to imply that that somewhere somebody is talking about them going tits up...and if you can't show us where, then it was irresponsible.
Barca said:
On second thought I think I could have phrased the issue better. I'll do an edit. BTW I am a nice guy. Thanks.
