To clarify, I'm looking at Exhibit H, which shows unearned premium reserve of 469.956M at end of 9/11, 517.516M at end of 12/10, and 534.356M at end of 9/10. So it looks like it's been dropping -- at least through 9/11. Did you find more recent numbers and if so where? Not seeing anything in the transcript about this either, btw. -TIA
You have not been on this board long enough to understand that Paid was shorting all the way up and down on RDN since it was about $8 or so (January 2010). Go back to end of October/Early November and you will see that I shorted RDN big in the $9+ range via PUTS. Go back to February 2011 to see that I bought out of the money call options on RDN right before it ran to $8 from $6. I still have 10,000 shares and if you count all the trades I made with RDN, im still up a good amount. Paid definitely didnt scare me out of my shares. You can't just keep buying tons of shares from personal loans and expect to hold on to a stock forever. I bought heavily under $3 and sold heavily under $3. RDN is running up now, but im not gonna do what that guy Munhoi does and start complaining. I still made some good money on COOL, VLO and should make some good money with THQI going forward.
sorry i missed this message, i am talking about the mi uepr only, see tab 12 on their financial supplement, where it shows the mi uepr incrased by 15m, it looks like they are picking up whatever crap program pmi was writing, and yes, i will be shorting this all the way up this time, and not covering until below 2.