Replies to post #89 on Tower Group, Inc. (TWGP)

[DeadCellShadix]

Only amateurs tell other people when to buy and when to sell. I am on the sidelines with this one right now. This is oversold, period.

[Joe Stocks]

Writing off intangibles are non-cash entries. Increasing reserves will show a drop in profits in the income statement, but the cash just shifts on the balance sheet.

TWCP said this; "Tower’s U.S. insurance subsidiaries continue to maintain risk based capital levels in excess of those required by their respective domiciliary states."

I agree with the other poster. TWGP is still writing business, selling at a significant discount to book, and oversold.

[Value_Investor]

$3.89 just hit! Cover the shorts ASAP or lose the money very soon...

[DeadCellShadix]

Dont get burned.