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PMI Group Inc. Message Board

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  • paidbasher38291 paidbasher38291 Mar 23, 2010 11:07 AM Flag

    just shorted some at 3.25

    i thought i posted this, i covered this the other day for a tiny gain because i was so freakin bored with the lack of movement of this stock, trading between 3.10 and 3.25 for like three weeks in a row, finally we got some action today, which was freaking nuts, because i could have sworn these guys already got freddie approval, it is totally meaningless by now, anyone trading this expecting the gses to cut them off is sadly mislead, they ain't gonna cut off their friends, just won't happne, though i often wonder what tgic did to p*ss some of these guys off, because they sure cut them off quick, guess they weren't part of the club, but whatever, the regulators and gses are gonna let these guys run themselves into the ground, i don't see how this is news at all, i predict pmi will be writing business right up until the day they run out of money and shut their doors, which, accoring to my modeling, will be sometime mid-2013.

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