DON'T BE FOOLED, THERE IS NO MAGIC IN $5.15...THIS WILL COME BACK TO EARTH...
It all becomes a function of dilution offset by use of capital, offset by macro trends...
Based on Radian's February numbers, the industry is in a stabilize with a slight edge to deterioration mode.
MTG had a price target of $4 when they had a lot less shares issued. For all the newbies, this is a stock that could drop 20% on 5 minutes of normal volume (4M daily). The auto-bots are done running it up and selling you phantoms ahead of the secondary. They will now run it down to collect their shares from all these fast money retail types.
122M shares in 2 hours? Come on folks, if that didn't make this green, the next turnover of the float will surely not be nice.
Book anything you have left in profit. Cut any losses you incurred from higher levels, and wait for the game to end. Then look at the fundamentals at the time. Bank stress test results? Unemployment trends. Did North Korea actually launch a nuclear attack on the US? Wait for a return to normalcy else risk being burned.
Wow...must have been a bummer working in the PC Division back in 2005...is that when you became a X...rather than move to China?
Your analysis is defendable, however, your conclusions are flawed. If you want to go technical, then go debate Oliver Davies at Alpha...otherwise, chill out with me on the housing bet and tag team turnaround of RDN and MTG....and by all means go all in....it's exhilarating!
Sell and go away if its so bad. I don't need you to hold my hand thru this horrible run down to a 50% gain. Poor me what to do. Housing is getting better all the metrics for this company improved in a matter of days. Near 100%increase and the price is down 25 cents from the offer price. Volume is dropping and the price is still holding. My guess the run to 6+ is the nonsence you are talking about. I don't have to sell, do you NEED to buy?