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|Subject: Insurer Tower Group (Nasdaq: TWGP) Dying?||Date: 10/9/2013 10:45 AM|
|Author: FreethinkerKW||Number: 73477 of 81636|
One of you folks who know the insurance biz, how about an explanation as to what is going on with Tower Group. I don't do FA, I'm a trader/investor who uses T/A. I've traded this one before as a one or two day "bounce" play. But the chart shows absolute capitulation during the last 6 to 7 weeks. It's FUGLY.
And could you write your critique in plain English? Thank you.
Daily chart showing the massacre:
p.s. Note in late July TWGP hit a high of $22.04. Today it is trading at $3.85 and is still dropping....
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