Thursday, April 24, 2008

SAFECO chart looks fishy

This past weekend, our Alert HQ market scan identified SAFECO Corp. (SAF) as a BUY. Since then, we heard that Liberty Mutual was making an offer to acquire SAFECO at a significant premium.

I cannot say that Alert HQ has the ability to identify buyout candidates. What I can say is that Alert HQ has the ability to identify stocks that are moving up significantly after a prolonged down-trend.

As can be seen in the chart below, SAF was moving up well in advance of the announcement.


So I am wondering why SAF was moving up so strongly. In the last quarter, the company had registered a drop in earnings and expectations, as with most financial companies, were not particularly bright. What was driving the recent stock price gain? Did some people know this buyout was on the way?

Just something I was wondering about...



Posted by TradeRadarOperator on 4/24/2008 09:47:00 PM

Labels: ,


Subscribe to Trade-Radar Add To Delicious Digg This Post Stumble This Post Fave on Technorati Tweet this Share on Facebook E-mail this story to a friend!



0 comments:

Post a Comment

Note: Only a member of this blog may post a comment.


Blog Archive


Disclaimer: This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.




 
X

More on what this blog is about

The TradeRadar signal

Read about applications of the TradeRadar BUY/SELL signal and the resulting model portfolio. Track the results of the TradeRadar stock picks. Download the TradeRadar software so you can generate your own buy/sell signals. Collaborate to improve the system by adding your comments to this blog.

Explore the TradeRadar web site

Start your day with the Daily News financial mash-up and use the TradeRadar Toolbox of online resources to help with your investment research. View the training videos to learn how to use the TradeRadar software. Try the online version of the TradeRadar software.

About the TradeRadar software

The value of the TradeRadar signal is in identifying entry points and exit points for stock trading. I am providing the TradeRadar software free of charge - just go to the download page and you can get everything you need to get it running (PC only). I encourage everyone to try the software and share your results on this blog. My hope is that we can all benefit (and profit)! All comments are welcome.

Please Note: This trading system may be of most benefit to those traders who are interested in “hitting singles and doubles”. In other words, 15% to 30% gains over the course of several weeks to several months. This site is not about day trading or swing trading as the system proposed here does not lend itself to those methodologies.

Hide this text
Support our sponsors!
Close this ad panelX
Do you know what the "52 Week High Friday Rule" is?

Never before shared on the web, this secret technique has been working for 30 years. Check it out right now at MarketClub