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PMI Group Inc. Message Board

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  • paidbasher38291 paidbasher38291 Dec 17, 2009 12:18 PM Flag

    Support 2.01

    it makes perfect sense, if you were any buyer, of course you want the price to go lower, if you were a pmi long, wouldn't you want the price to go to a penny so you could buy it cheap, but at some point you set a limit, whoever is covering using this strategy is being very very smart, pmi equity is worthless, but there isn't a lot of meat left on the bone, the better bet is to cover and move your short over to rdn heading into earnings, a lot more downside there, in some ways rdn is worse off than pmi, i wouldn't buy either or them, but i will be shorting rdn if it keeps these levels for a couple more weeks, but wouldn't bother with pmi, the upside is too limited, even if you are 100% right, you get $2 a share at the max, with rdn you could get $2 a share in a week, easily.

 
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