Joe, if it helps you down the road, institutions have nothing to do with day to day market pricing of stocks, they are simply buyers and sellers of the stock, just in much larger quantities than the average investor. The MM sets the price of stock daily!
The current move was news related! So no one knows what the next news will be good or bad and don't forget about this Qtr earnings and guidance, that will determine the future sp more than anything else.
Individual stocks don't necessarily follow the market down when they are trading/priced far below BV, etc.
If you don't believe that, then explain RDN/MTG movement the last 30 days? Had nothing to do with market movement
Stock drifting down to the $9's?????....that is one hell of a range my friend, 10%+ gap from top to bottom $9's
Same deal today it seems. Hovering very close to $10.50
My hunch is that we're going to see a general mkt selloff during the next couple, maybe 3 weeks which will provide an excellent time to accumulate GNW, likely in the $9's. No reflection on the company, just general mkt conditions.