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PMI Group Inc. Message Board

  • mrfabulous_00 mrfabulous_00 Mar 23, 2010 10:01 AM Flag

    The $28 million in PMAC

    is defintiely going to save the company...whew, now management has nothing to worry about. They could obviously makes 100's of thousands of dollars in profit off this new capital...great job guys, looks like we're gonna make it, another component of the five point plan executed perfectly. Wow, $28 million dollarinos, $28 million smackeroni's, the world is now our oyster.

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    • you mean you don't think they are going to write 10b in niw this year, c'mon now, i am sure they are off to a great start, the thing about the 28m is, it isn't even new capital, that must be all they could scrape together to downstream, funny, just the other day i was wondering if they got this freddie approval, i couldn't remember, it is so inconsequential at this point, we all know the regulators and quasi-regulators are going to let these guys write themselves into the ground, and if they can't pay their claims, the taxpayers will pick up the tab, but it won't matter for pmi, they are just not gonna make it, at least we finally got a runup in this stock, i covered my last short a few days ago, it was so boring watching this pos, but was able to put on a massive short this morning, at lest now we have some price action here.