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PMI - PMI Group Inc. - Page 10

post #181 of 232
1/27/11 at 7:59pm
Man I pegged that one!! Hope you were at your desk when that mini-pullback happened, it just smashed the HOD and if my theory continues to be correct we won't see below 3.05 for a while. The whole 25% plus selloff seemed a little extreme considering 2/3 of it happened on MGIC earnings.
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post #182 of 232
1/28/11 at 6:51am
Quote:
Originally Posted by rando View Post
Man I pegged that one!! Hope you were at your desk when that mini-pullback happened, it just smashed the HOD and if my theory continues to be correct we won't see below 3.05 for a while. The whole 25% plus selloff seemed a little extreme considering 2/3 of it happened on MGIC earnings.
Nope had to go to the gym. Upped it to 3.02 but didn't fill. Will try again tomorrow AM
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post #183 of 232
1/28/11 at 3:15pm
Got the 3.02's this morning, L2 looks like strong support at 3.00. Decent selling volume at around the time I got filled, but it held on.
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post #184 of 232
1/28/11 at 3:48pm
Thread Starter 
Quote:
Originally Posted by rando View Post
Man I pegged that one!! Hope you were at your desk when that mini-pullback happened, it just smashed the HOD and if my theory continues to be correct we won't see below 3.05 for a while. The whole 25% plus selloff seemed a little extreme considering 2/3 of it happened on MGIC earnings.
exactly how i figured it too...
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post #185 of 232
1/28/11 at 3:49pm
Thread Starter 
i am still looking to see that it holds tho... 2.90 maybe even 2.75 but would be a nice turning point right here around 3
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post #186 of 232
1/28/11 at 3:51pm
Thread Starter 
Quote:
Originally Posted by kevin1612 View Post
yea im liking way more at these lvls...gonna look for some lvling off and maybe even a nice quick pop...but still and even more so now a decent play for months to come and this year IMO
jan 24^^^

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post #187 of 232
1/28/11 at 4:33pm
Yeah seemed predictable, but now it isn't acting well. I played it safe yesterday trimming 30% of a large position at 3.11 yesterday right at my cost basis because it has not acted how I'd like. Willing to add those back but will be a bit more deliberate about buying that tranche back.
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post #188 of 232
1/28/11 at 5:28pm
Thread Starter 
yep i been just waiting since the drop...still high on my list tho...esp for the mid-long...but is in a sector that changes over night and frequently
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post #189 of 232
1/28/11 at 6:07pm
Looking good midday as it's bouncing back while the markets hasn't yet, if we can go green and end the day green gonna look really good with good volume and another long bottom wick.
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post #190 of 232
2/1/11 at 5:43pm
Thread Starter 
sector wide bounce gojng on the past couple
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post #191 of 232
2/1/11 at 6:27pm
Classic and time-honored intraday consolidation here in upper 3.0x range, if this breaks 3.10 it should run in a straight line to 3.15. I'm going to lighten my load around there as this stock has done more than enough to frustrate me recently and I'll take a smaller swing here to free cash for other plays.
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post #192 of 232
2/2/11 at 6:54am
Nice day today as well for the whole sector like Kev mentioned. Hoping for some follow through tomorrow. Would love to see it go after the 50MA in the coming days before pulling back for the next leg
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post #193 of 232
2/2/11 at 4:55pm
Anyone buying on this dip today?
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post #194 of 232
2/2/11 at 6:00pm
Sold most at 3.10 just before close yesterday. I might have bought at 2.94 but was just sitting down from shoveling and lunch. Wondering if this wants to test the 2.67 low from summer. Looking at the weekly, it seems well within the realm of reasonable possibilities, and everyone keeps saying "sector bounce" which is not evident of lots of confidence. The volume today is what really makes me hesitate, that's a bunch of shares for such a dead trading day.
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post #195 of 232
2/7/11 at 6:26pm

Accumulation/building a base? Still holding, 3.11 needs to be broken with volume. Earnings next week. Didn't get much market time today, but the odd times I did look today, there were some big blocks on the bid. See if we can get a run into next week's earning

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post #196 of 232
2/7/11 at 9:31pm
Quote:
Originally Posted by aznaro8 View Post

Earnings next week.


Well one look at MTG and RDN earnings and the aftermath and I am not going to hold this one long enough to find out if this is basing or not. I'd rather miss a big runup than risk a dump on earnings, looking at their recent results and how hard they dumped on MTG's earnings, not feeling much confidence at all. This could easily run into the 3.20-3.40 range this week, but my confidence in that is shattered and I'm down to about a 25% position now - 3.04 average and sold some at 3.07 and a big block 3.10 last week just to hedge my bets. Have already exposed myself to too much downside risk on this. I like PMI and nailed it long and short for over half of October but it just isn't acting consistently.
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post #197 of 232
2/8/11 at 1:15am
Quote:
Originally Posted by rando View Post



Quote:
Originally Posted by aznaro8 View Post

Earnings next week.




Well one look at MTG and RDN earnings and the aftermath and I am not going to hold this one long enough to find out if this is basing or not. I'd rather miss a big runup than risk a dump on earnings, looking at their recent results and how hard they dumped on MTG's earnings, not feeling much confidence at all. This could easily run into the 3.20-3.40 range this week, but my confidence in that is shattered and I'm down to about a 25% position now - 3.04 average and sold some at 3.07 and a big block 3.10 last week just to hedge my bets. Have already exposed myself to too much downside risk on this. I like PMI and nailed it long and short for over half of October but it just isn't acting consistently.


Oh I never hold through earnings usually. I'm just banking on hopefully some type of runup in the next week. If I don't get it, I'm selling out and not chancing it through earnings.

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post #198 of 232
2/8/11 at 3:07pm
That's cool, just making sure about the earnings. Nice run this morning, and nice gearing off the pullback, I gotta step out soon, would take 3.24 for the rest if I can get it today, otherwise will fish around for something in the 3.20s tomorrow or perhaps higher if we can see it this week.

Rotating these funds into RDN Radian might be a good move here, as obviously they are in the same space and already reported. Showing some good action in RDN.
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post #199 of 232
2/8/11 at 3:27pm
Quote:
Originally Posted by rando View Post

That's cool, just making sure about the earnings. Nice run this morning, and nice gearing off the pullback, I gotta step out soon, would take 3.24 for the rest if I can get it today, otherwise will fish around for something in the 3.20s tomorrow or perhaps higher if we can see it this week.

Rotating these funds into RDN Radian might be a good move here, as obviously they are in the same space and already reported. Showing some good action in RDN.


That's around the area I'm looking for though (20MA/50MA), although would love to see this thingend HOD and then see a gap and go tomorrow AM on the follow through. Currently getting some volume and trying to retest those highs.

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post #200 of 232
2/8/11 at 3:33pm

Boom 3.19 HOD printed and volume coming in! booyah.gif

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