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burdbasket, As Garyst mentioned there's really nothing to predict the volume in the pennyland, but just look at the trend for the past few months (last two spikes) - she establishes a solid base and then spikes...IMO it will repeat...and she's now forming a base
Looks like we have hit the bottom - with 78% sell and 12% buy, PMI is holding strong at 0.08. This is a very good indication of the price movement in the coming weeks. I guess all the day traders and weak hands are gone today and in the last 2 trading days. IMO, PMI will be seeing a gradual uptrend....
Soicey,agreed. We will see some day traders which may slightly pull down the price but with immediate recovery though...looking at the way PPMIQ behaved the last couple of months...IMO...it's going to bounce back to higher $0.30 after building a strong base - which is where we are at...let's see how it goes...GLTA
Good day so far with ~+15% and 2M volume today....expecting to get to +20% with another 1M volume by close of today
NewWaters, I have just requested the other moderator to stcick the DD post...
Sure NewWater, DD post is important than 5878, but as the news is something energizing and attractive, I sticked it. Will take it out by the end of the day and stick the DD post back...
With +20% today and tomorrow, next week will be exciting as it will attract many new buyers...also, I guess PMI is one of the few stocks in this sector doing good...we may get new friends from FNMA and FMCC....
There is a limit on the number of Stcik notes..1 per manager...
Danny10, look at post#5677
Better volume today...it's 1.6 M in the first 2 hours...and good news is we are over 10% even with sells (59%) outnumbering buys (41%)...meaning....VERY POSITIVE OUTLOOK
Something interesting is going on....I am seeing some 4 - 100 share sells....so far the buys are 68.5K accounting for 99.6% of the total trade today...even with large buys, the price is going down...
Interesting news on Mortgage Insurance Premiums....very encouraging for insurance companies like PMI...
http://www.akron.com/akron-ohio-real-estate.asp?aID=19532
share it...
Yes, Garyst. Today with 44.4% buy and 54.7% sell, PMI is only down by 1% -- meaning we are already touched the bottom and all the loose hands are shaked off.....so, as you said the chances of moving higher from now is higher....we may not see any 3 digit% changes but a decent 10-20% green may be recorded everyday.... IMO...
lot of buys in the last 15 min...volume increased to 2.7 M from 2.5M ---- 200K increase ....sizes from 5K to 30K...let's wait till tomorrow to see what that means
another 30K buy @ 0.075
another 10K buy...
I wish it to close Green....
I think so too....I have seen multiple 5K, 7K and 10K buys today...
2.5M volume traded so far....calm sea...
Ilenes, so.........what that means is share holders have 1 more month to object and I guess with a good number of reasonable objections, PMI has to revise and propose a new proposal considering share holder objections...I think this goes on....
Getting closer to green....moved up from -3.5% to -1.7%....little more will close us in Green today....today it's really like a calm sea...
10,000 and 7,000 chunks bought....
KASHI, go through post#5728 (sticky notes) to get a feel...
I am seeing some action here....slowly moving towards green....
NewWaters, I agree. It's going to be a part of the process and nothing like a concrete end. But, if something comes out in favour..guess what happens.....$$$$$$
Good info..thanks bro...
Also, if you look at the YTD chart, everytime PMI falls after the spike, it forms a new higher base. The last two times it formed a solid base at 0.025-0.035 and 0.045-0.05. And, now it's stabilizing at 0.10. As there's some news tomorrow, I guess it can definitely go higher than 0.28 IMO..
I am expecting so.....
10:00 AM EST
Anyways,...not a bad close considering all the panic going on around with tomorrow's outcome....hold tight guys...
:) :) :) :) good one Garyst. I don't believe that StakeRhigh own PMI shares. He is trying to get in with the hope that it spikes tomorrow but wanted to get in low that he missed. It's just the tactic of shaking loose hands...
Friends... don't take stakeRhigh's bait....his prediction might go right...but it's too early to tell and remember that the housing market is hot and PMI is in the business of something that's essential....
I guess, StakeRhigh will start collecting all the ******** now.
do you mind sharing the process to file objections....will be help to all the members following the board...thanks in advance..
Ilenes, thanks for the info...
Kas7, no one can't predict the judgement tomorrow. All the noise you hear is just people's opinions and hopes. As Soicey mentioned, just trade with what you can loose. I am in with 50K with the hope that everything goes well and good with PMI.
Based on others opinion from their knowledge of PMI, nothings big going to happen tomorrow. If that goes wrong and if something really happens, I think PPMIQ is going to go crazy (either up or down). I believe many are just waiting on that. Even if nothing happens, PMI rides up slowly. Remember where she came from ($50 range).
good point..well said
Formed a solid base at 0.10 yesterday and today so far...expecting it to kick off soon...
Danny, Is the hearing today or tomorrow??/
Garyst....that's a good idea....I just did on couple of other active boards.....
PPMIQ..building up for blast.......with the good news in the housing market sector...
http://finance.yahoo.com/news/fannie-freddie-still-enormous-potential-121700083.html