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MGIC Investment Corp. Message Board

  • emapsoda emapsoda Nov 22, 2013 10:44 AM Flag

    Looking for breakout

    A break of $8.18 could move the stock price up to $9.55 in short term. Technical buying signal at stoxline website.

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    • "A break of $8.18 could move the stock price up..."

      That alone would be nice to see. Don't want to see 9.55. A move up with suppress any possible end of year tax loss selling. No loss selling if no loss. To go to 9.55 rapidly though, if you mean before end of year, if it gets that high and then the market itself has a few bad sessions and takes it down, that's inviting tax loss selling by the newest buyers, and that could promulgate a spiral down until the end of year off its own weight.

      I'd like to see a nice, steady but slow rise up to the 8.50's or a few cents higher, with a pause here and there in between, until we reach the end of this year. After the new year turns, then ok, as fast up as anyone could want. The new year itself, very early usually a few very good days to start, and then we see what goes from there. With some good news we could see your 9.55 come in those early 2014 days.

      And that's my version of the perfect scenario 8 ).

 
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