Those who miss last week's move, should take positions ASAP hopefully before MGIC reports Monthly Operating Statistics for August. MTG was way oversold by shorts hoping to capitalize on MGIC's uncertainty as it relates to Freddie Mac.
Freddie Mac's delinquencies are headed lower so, no matter the outcome of the legal dispute, MGIC will pay fewer claims in the future.
MGIC is still writing New Insurance Written and, will benefit in the future by adding High Quality policies to it's portfolio. New policies written have an average FICO score of 740.
how would that be possible really... report comes out at 7am monday, no? before the market opens next... i mean you could put your orders in now sure but if the report is good the stock will soar pre-market i think...