That subject line was for you, quantuon. :) Yes, I have way WAY too much. I intend to sell some on the next run-up. I do trade around my position, but when it goes straight down, I end up buying more and more with no opportunity to sell.
If the game is to "buy low", then by definition you have to buy when the news isn't good and the outlook is cloudy. When things are rosy, it won't be cheap.
It will take 2 years to get the worst of the MI runoff behind us, but IMO it won't take 2 years for the stock to move higher than it is now. And I think the dividend is secure. I don't need the ORI dividend to live on, so if they did cut it, I could ride it out. But I am getting tired of "buying low" - I am definitely ready for good news!
well i was curious given your handle and the fact that this is the only stock u comment on, which seems a bit peculiar to me...suggested to me that u have a bit of concentration risk.....or your one of those real smooth pump-and-dumpers trying to lure all the value guys in....even cynic that I am, i will give u the benefit of the doubt - for now....but would like to know what else you like other than ORI
I'll state that ori.investor is no pump-and-dumper (well at least not a dumper). I've been on the board since roughly 2003 as a long-suffering long and he's been here probably most of that time, though his share count vastly outpaces mine.
I'm about 2000 shares long so I'm not concentrated here.