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MGIC Investment Corp. Message Board

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  • wintermutev04 wintermutev04 Oct 31, 2012 8:09 PM Flag

    Open $1.9 tomorrow

    Yup. And today's 'non-news' basically just confirms previous good news. Specifically, that the previous great news of the lowered capital req. is going ahead as planned and in a stable fashion, and no adjustments (e.g. increased capital reqs. were demanded).

    So, MTG should be safe to react positively this week to not only, 1. the FM update, 2. Tuesday's home price data, 3. positive GNW and RDN earnings.

    If the stock doesn't have a strong next 3-4 days then I will feel helpless and lost in my analysis because I don't see how any of this can be less than at least moderately bullish, if not strongly bullish. The only potential kink before MTG's earnings is if RDN surprises and loads up on toxic losses this quarter and surprises hard tomorrow a la MTG Q2 (though not as worse because I can't imagine them breaking capital reqs. as MTG did).

    Sentiment: Hold

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