Sold half my WNR Friday, will probably sell the other half Monday. If I must the next leg higher so be it. I hope the prognostication by Northern is correct, but I'd rather take a profit and hope for a pull back, then lose my profit and hope for a gain.
Hope is not really a word I like to use for trading/investing, but what do I know.
I'm considering rolling the funds into PMT or HMST, or RDN....I'm not a big fan if Jimmy Crapper, but he's confirmed my speculations. Stan Kurland is the smartest #$%$ out the Countrwide Mafia, and Radian is one of the few companies that can still write MI on new mortgages. U/W standards are extremely high and as rates rise and employment improves risk and preypayment speeds will decrease. Plus the secondary gains on selling closed loans into either an MBS or AOT, were and still are historically high. Plus MSR and SRPs are also high. Just an observation.
first of all, learn sarcasm #$%$. second of all yes he was a criminal, and after the riots started he was interviewed asking the people to stop the looting and violence....also criminal. No one said he was a saint. Get off your self rightous hobby horse.
My point is it would be nice if the bickering would stop. This is actually a decent board with decent comments.
So on a day when the market is getting slapped around like a redheaded stepchild. HMST and RDN are both up 3% and PMT is flat, while the refiners and the rest of the oil/gas sector are getting the snot kicked out of them.