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Actually they are not buying them...I have watched the volume since the 1.38 Million Sell at $.038 was posted and it has not changed hardly at all!
Now that order is gone, my guess is there are lowering their sell price.
Can anyone post the current bid/ask level 2?
Is someone trying to dump 1.38 million shares at $.038?
Upside Potential 531.9% 1 minute ago
The PMI Group, Inc. (NYSE:PMI) has the 1st highest upside potential in this segment of the market. Its upside is 531.9%. Its consensus target price is $1.64 based on the average of all estimates.
http://www.cnanalyst.com/2011/09/top-10-micro-cap-stocks-with-highest-upside-pmi-snss-ano-nbs-cytk-path-ands-somx-cldx-gmr-sep-02-201.html
WRITTEN BY SOMEONE WHO HAS A VESTED INTEREST IN THE STOCK GOING LOWER. READ THE END OF THE ARTICLE...THE AUTHOR IS SHORT THE STOCK.
Data provided by Thomson/First Call
Price Target Summary
Mean Target: 1.64
Median Target: 1.00
High Target: 3.50
Low Target: 0.50
No. of Brokers: 7
The report is more than a week old and it is worthless.
Research Report available
Hotstocked.com has a complete research report available for NEOM stock. Download NEOM report.
Date: Aug 23, 2011
Price: Free
Pages: 7
Document Type: Adobe Acrobat Reader
There is no new news posted on Google Finance.
This would be great! Then the likes of Microsoft, Google, etc would not be able to push Neomedia around...they are a multi Billion $ company.
They need to partner with digimark!
Strong Buys coming up on the close!
As of June 30, 2011 ($1.00 Range) 84% of Float Held by Institutional & Mutual Fund Owners.
With the massive amount of money invested in this stock by Institutions and mutual funds I find it highly unlikely that PMI will not find the cash needed to move forward.
We are headed north! Back to $1.00 +
Getting ready to breakout...PMI looks nice!
Or you might have just given YA a really good pump and dump idea! Time will tell.
yes, 60,000 shares just sold at $.2962..come on break $.30!
CMBC is all about some major housing help coming soon from Obama! This is big for PMI!
Not sure there are a lot of strong buy orders when the stock price is not moving at all! I see about 9 trades total for the day! And only 193K Volume.
1/2 Million Shares! Someone is trying to buy 1/2 Million shares at $.26!!!!
I think it is going much higher....check out this article.
http://www.cutimes.com/2011/08/28/cuna-mutual-shrugs-off-arizona-order
PMI Can still write business through its partners...
Fed to Help Trouble Housing Sector
The Bernanke: It's Still All About Home Prices
http://www.cnbc.com/id/44287516
Help On the Way...Obama and Refinance Plan for Mortgages 25-Aug-11 09:57 am
Greate info;
U.S. May Back Refinance Plan for Mortgages
pmi can find internal or extrenal capital we will see soon $1!
http://www.nytimes.com/2011/08/25/busine...
The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing.
One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent, according to two people briefed on the administration’s discussions who asked not to be identified because they were not allowed to talk about the information.
A wave of refinancing could be a strong stimulus to the economy, because it would lower consumers’ mortgage bills right away and allow them to spend elsewhere. But such a sweeping change could face opposition from the regulator who oversees Fannie Mae and Freddie Mac, and from investors in government-backed mortgage bonds.
Administration officials said on Wednesday that they were weighing a range of proposals, including changes to its previous refinancing programs to increase the number of homeowners taking part. They are also working on a home rental program that would try to shore up housing prices by preventing hundreds of thousands of foreclosed homes from flooding the market. That program is further along — the administration requested ideas for execution from the private sector earlier this month.
But refinancing could have far greater breadth, saving homeowners, by one estimate, $85 billion a year. Despite record low interest rates, many homeowners have been unable to refinance their loans either because they owe more than their houses are now worth or because their credit is tarnished.
Exactly how a refinancing plan might work is still under discussion. It is unclear, for example, whether people who are delinquent on their mortgages would be eligible or whether lenders would administer it. Federal officials have consistently overestimated the number of households that would be helped by their various housing assistance programs.
A working group of housing experts across several federal agencies could recommend one or both proposals, or come up with new ones. Or it might decide to do nothing.
Investors may suspect a plan is in the works. Fannie and Freddie mortgage bonds had been trading well above their face value because so few people were refinancing, keeping returns on the bonds high. But those bond prices dropped sharply this week.
Administration discussions about housing proposals have taken on added urgency this summer because the housing market is continuing to deteriorate. On Wednesday, the government said that prices of homes with government-backed mortgages fell 5.9 percent in the second quarter from a year earlier, the biggest decline since 2009. More than one in five homeowners with mortgages owe more than their homes are worth. Some analysts are now predicting waves of foreclosures and a continuing slide in home prices.
There is not much time to help the market before the 2012 election, and given Congressional resistance to other types of stimulus, housing may be the only economic fix in reach. Federal programs to assist homeowners have been regarded as ineffective so far, and they are complex.
Thought I also read somewhere that PMI might be a target for acquition...but can;t remember where...Anyone?
Credit Suisse
25 August 2011
Americas/United States
Equity Research
PMI Group (PMI, $0.22, NEUTRAL [V], TP $1.00)
Risks: The primary risk to our $1 target price to PMI is from continued economic weakness causing higher cumulative claims payments. With a
higher cumulative claims payments PMI's claims paying resources at its mortgage insurer will be negatively impacted and cause the company to
raise additional liquidity, which could be dilutive to exisiting shareholders.
Target price $1.00 According to Credit Suisse
New Report Capital is Adequate~!!!!!!!!!!!!
https://www.schwab.wallst.com/cgi-bin/upload.dll/file.pdf?z05ab0f0azd4a93759bbd14b9bb581fade7f7a42f4
Could Fed indicate help for mortgage insurers today? PMI!
there goes your credibility...the stock is up about 15% since your post!
a flood of buying in the last 20 minutes
Up 8% in pre-market
Wayyyyyyyyyyy Oversold!
This morning it is sure looking like it was way oversold!
Those price charts are worthless....who is going to do a campaign for 7500 scans? Small companies...maybe.
What is the cost per click beyond the 7500 is the real question.
HP is way over sold...look for it to come roaring back!
I have to agree with this sentiment! Looking at the amounts of money paid for the likes of HipCricket and Motorola Mobility---Neomedia must be worth __________? A lot more than its current Market Cap.
Agreed, however it sure does seem like that is what is happening!
Strange price action...is Neomedia like a spring ready to bounce? I am thinking there are some large orders at the open price and the market makers are accommodating (1.5 Million shares already trades and no real movement)???????????
Still think this price action is very strange---it has been stuck here for more than 15 minutes.
Great catch...I did not read it carefully! Come on LM show us Neomedia deals!
Klawonn vs. YA Global
Found this interesting powerpoint presenation regarding rule
16(b) of the Securities and Exchange Act of 1934
nsulaw.nova.edu/faculty/syllabi/16b%20presentation.pps
Share you thoughts...
It appears that the courts just opened the door to YA books or at least trade history where we will surely find unlawful swing trades.
My understanding is that YA would have to pay back to the company the "profits" gained from such unlawful trades.
Curious as to what others think?
The crate and barrel announcement seems to be a positive!
Combined with the Realtree Outdoors company...they have about a 1,000,000 facebook Likes!
That will helps spread the word!