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Radian Group Inc. Message Board

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  • gatorlabs75 gatorlabs75 Oct 25, 2011 5:24 PM Flag

    Why RDN will be $7 by December

    worth a bump here since nothing has changed

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    • This stock is stuck. Charts mean nothing. It would be great to see RDN at $7 by December. Right now I would be happy with $4. We are now in our 6th trading day down. There is nothing I've seen that can propel this stock and I'm not sure earnings will help even if good. MTG reported garbage earnings and RDN takes a bigger hit. Same as last earning quarter. RDN has reported decent earnings the past two quarters but the overall sentiment on the MI Industry is negative. Last year at this time they reported good earnings and we went about $10 then they diluted the stock and it has never recovered. It would be nice to see a repeat of last years run-up but think if that happened everyone would sell their shares. So for me, its just a hold until everything settles down. Lets hope next Tuesday is really good news. We need it.

14.36-0.29(-1.98%)Oct 25 4:02 PMEDT