Amtrust Financial Services, Inc fka AFSI

[boardreader92]

Does anyone have a subscription to thestreet.com and have access to this article?

http://secure2.thestreet.com/cap/login/rm_mbp_yho_b-rep-ads_ver3.jsp?cm_ven=YAHOO&cm_cat=PREMIUM...

Here is a teaser excerpt from it that they give you:

Market Unforgiving if Expectations Are Unmet

By Rev Shark

About this article:
The troops are putting together a pretty good bounce here, but they started a bit too early to give me confidence they can hold on into the close. We shall see, but I have to admit those dip buyers are looking pretty darn feisty. Nonetheless, if you are looking to buy dips in some of your favorites, it is a good idea not to move too quickly. I'd work on identifying the names you want to buy and just stick your toe in while you wait for some basing action rather than a "V" type reversal. For example, I'm eyeing Amtrust Financial Services (AFSI), which has been going straight down. It has great numbers and was recently the No. 1-ranked stock in the IBD 100, and there doesn't appear to be any company-specific news driving the selloff. I've nibbled a little bit, but the stock has yet...

Something really caused this stock to go down big today. I realize the market is down in general, but not 10%. That is quite a haircut. I am curious to see if IBD will drop AFSI out of the IBD 100 this coming week. It would be just like them --- they don't want to hang onto stocks that are bringing the overall performance of the portfolio down. Look at how long it took them to get rid of ROCM when it tanked. ASFI broke below the 50 DMA today, which isn't a good sign. If IBD does drop AFSI out, I look for this to go down more on Monday. Hope I am wrong, but I exited this morning... the risk/reward factor just didn't look good going into the weekend. I hope I am wrong for all the longs out there, good luck to all.