MFC, Manulife update.

It should be pretty clear that I am not very fond of this stock, the canary in the coal mine. Again it is at an interesting point;

MFC aug 7 2011

My pencil is not sharp enough, but should the stock drop through $12.70, it will drop straight down and so will the market (the causality if, of course, in the other direction). If $12.70 holds the stock may climb, perhaps to about $16, then it could drop by about $11/$12.