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PMI Group Inc. Message Board

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  • paidbasher38291 paidbasher38291 Jan 7, 2010 3:47 PM Flag

    shorts are gonna be destroyed

    the stock rising to 4 would be a massacre, doesn't mean it won't go back down, as bearish as i am on this industry, even i think the shorts in this stock are getting what they deserve, i mean, look at the short positions, they actually rose from 11.30 to 12.15, i mean, comeon people, the ideal time to cover this was when it was below 2, during the stupid dubai world scare, around thanksgiving, that was plenty of volume to sneak in some short covering, but yet shorts rose after that, did this even trade above 2.30 before 12.15, but yet instead of reducing short positions people added to them, i am actually happy myself to see this squeeze, plus it gets pmi closer to my target, another buck would be nice, i would love to see this name at 4 again, that would be a real godsend, but i wouldn't open a short here, unlike rdn, where i was a bit early dipping in my toe, but when they report more losses i will be adding to that position, as for pmi, short squeeze away, i find it funny, i may jump the gun on my shors, but i know damn well when to cover.

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