is this capitulation!!!! this is waaaayyyy over done
If you have a position, hold, if you don't, buy.
Buy ???? Are you crazy ?????????
Buy REM, ETF holds mortgage insurers, REITs, regional banks. Pays 10% dividend. Collect 10% dividend while you wait for rebound.
now it looks like that reversal is set up.
This surely was the ugliest day of the year. The market did not even go down that much, but yet such a sharp plunge in the MI stocks.
MTG -18.57%RDN -15.24%PMI -12.61%Really not specific to this company, whole segment is taking a beating.
A complete destruction to this sector. It is as when Dow had dropped to 8000.
It looks to me like the shorties are having a nice summer picnic here. Now for the squeeze.
Bought another 10,000 shares and have more powder dry. This stock is not going to dissapear but I do not expect a quick rise back up. Holding over two years.