Pepsi my guts feeling is MTG will slide little by little until the earning. And it will shoot up maybe if we have a good guidance at the CC . We know it will report negative so a massive selling will occur. That is the time to load up.
The loss is expected so it is a verbiage moment. The Shorts are gonna pull out all stops. Their ability to knock down Radian has net with difficulty so they are likely to gang up on MTG. Two black eyes they not want. We longs could have a surprise such as their California portfolio showing better results, we have the BOA and maybe we get below 25 with the Company stating it stays down period....Market conditions could be our friend or foe on the day too!
I am expecting it to move big on Feb 28...There are 70% chances of a big positive move and 30% downside. Looking at daily charts I see accumulation. Revenue is almost twice that of RDN…but losses are as well. If somehow the management can figure out how to climb out of this hole…we’ll see $8 in no time…I am long and feel that I am taking a prudent risk.