PDA

View Full Version : Should I short this texas reinsurer?

PhiGamTN
09-22-2005, 04:28 PM
Thinking about shorting PXT, a texas reinsurer. They went from 22 before katrina to 14.63 now.. will rita have a similar effect?
midas
09-22-2005, 05:17 PM
You're a little late for that trade. PXT is already trading on Rita news.
PhiGamTN
09-22-2005, 06:15 PM
yea but do you think it could drop more?