Very very new "trader." Bought RDN at around $5.60, added to my position when it hit $5.80. Thought it would jump once it broke $6. Instead it fell hard. Just bought more at $5.27.
Just looking for some opinions with those with experience. What, in your many opinions, should I do from here?
Also, did I make a mistake at any point? If so, maybe point them out. Thanks.
Bottom line, if you are a long term investor in Radian you will be rewarded in the future. It is painful right now but there will be a turnaround but that may not be for some time. I'm a long term holder that is underwater, but we have seen this stock go down and go up at a very rapid pace. Be patient and in time rewards will come. No instant gratification here just a good long term hold with good potential.
That article was published in January 2010
Goldman Sachs Starts Coverage on Mortgage Insurers: MTG at Buy, RDN at Neutral and PMI at Sell
Goldman Sachs initiates coverage on the Mortgage Insurance sector with a Neutral rating, saying deeply discounted valuations help to ..
That is all that I have. My opinion is that of a strong buy. Someone is buying shares down here.
Great buy at these levels. RDN will turnaround and will make you money if you are patient. My holding period for this is 2 years + ...The fact that Goldman Sachs recommends the sector should tell your something. They are the ones probably shorting the stock right now so that they can buy cheap shares.
Yea RDN has a high percentage of institutional holders (over 90%) but look at MTG. Supposedly it is over 100%. Big daddy has a point with this as these mortgage insurers will run hard when they start reporting consistent profits (even if the profits are very small at first). My point though is to sell out of the money call options to generate a little income. Your best bet is just to hold onto the stock and read up on covered call options in the meantime. Just google "covered calls" to learn about how it works. It's a lot easier and faster than trying to learn on a yahoo finance message board.
Check out the Key Statistics and look up Institutional ownership.
It is already high...in the 90+ %. If you ever see it go to 100%, go all in and hold it like the woman of your dreams.
That is all you need to know.