Just an FYI-- it's very unwise to ignore chart patterns-- do it at your own risk. In this case-- the odds are very high that TRVN is about to make a big move higher. Take it from someone who has managed billions of equity investments for dozens of years and is now retired because I compounded my own money at 35% per year over the last 12 years. Fundamentals tell you what to buy, techincals tell you when to buy.
"big correction coming soon"? Nope. The opposite. Big rally just starting. Why? Normally I don't ever make market calls-- but this one is easy. Pessimism is high. AAII Sentiment-- bullish 8-week moving average is 26.2%. It has only been this low twice before in the last 15 years-- in March 2003 and March 2009. AAII Sentiment is one of the BEST contra-indicators of all. I should know-- I worked on Wall. St. for some of the best money managers on the planet-- now I'm retired.
Way before the housing boom. Book value of $10.69, earnings of $1.50/share. Look similar? TODAY: Book value $11.53, estimates are $1.47 for 2015 (probably do $1.50 by the end of the year). Where did RDN trade in 1997? It's stock trading range for the 1997: $16-$29. Radian could easily get into the mid-20's this year. FYI, RDN earned $1.83/share and had a book value of $12.65 in 1998. Could RDN do that in 2016? YES. RDN stock range in 1998: $13.20-$34.50. RDN could be in the 30's in 2016. Close to a double from here in the next 12-18 months.
Very bullish. Lows are in. Nice timing by Floyd. GLTAL's
just listened to presentation. Q&A cut off so no Q&A for online listeners. nothing new, Murray is not a good presenter, you are correct. thanks for the feedback.
You should care about RA. They are the best biotech investor over the last decade. They were loading up on ACHN in the 2's last year. Owned something like 23 million shares of ACHN at one point. You should ignore the bashers on the board-- they're worthless.