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Monday, May 10, 2010 2:36:03 AM
PICKS 5/10/10PMI Group, Inc. (NYSE:PMI)
PMI Group, Inc. (The) Common St
(NYSE: PMI)
After Hours: 4.26 Up 0.16 (3.90%) 7:58PM EDT
Been on this one since the very bottom and has been on a tear since fannie may allowed them to write mortgages again. They did a stock offering in april and is closed, hence the sell off. Story hasn't changed and see the uptrend to continue. Awesome long play here imo. Stock is up after hrs friday .16 so she may not pull back to the 100d like i thought but you never know.( 3.64 100day sma.)
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The PMI Group, Inc., through its subsidiaries, provides residential mortgage insurance products that offer loss protection to mortgage lenders and investors in the event of borrower default in the United States. The company offers mortgage insurance products to meet the capital and credit risk mitigation needs of its customers. Its products include primary mortgage insurance through primary flow channel that provide the insured with first-loss mortgage default protection on individual loans at specified coverage percentages; and mortgage insurance to credit unions through its 50% joint venture interest in CMG Mortgage Insurance Company. The PMI Group?s customers primarily include mortgage lenders, depository institutions, commercial banks, and investors. The company was founded in 1972 and is headquartered in Walnut Creek, California.
PMI Group, Inc. (The) Common St
(NYSE: PMI)
After Hours: 4.26 Up 0.16 (3.90%) 7:58PM EDT
Been on this one since the very bottom and has been on a tear since fannie may allowed them to write mortgages again. They did a stock offering in april and is closed, hence the sell off. Story hasn't changed and see the uptrend to continue. Awesome long play here imo. Stock is up after hrs friday .16 so she may not pull back to the 100d like i thought but you never know.( 3.64 100day sma.)
________________________________________________
The PMI Group, Inc., through its subsidiaries, provides residential mortgage insurance products that offer loss protection to mortgage lenders and investors in the event of borrower default in the United States. The company offers mortgage insurance products to meet the capital and credit risk mitigation needs of its customers. Its products include primary mortgage insurance through primary flow channel that provide the insured with first-loss mortgage default protection on individual loans at specified coverage percentages; and mortgage insurance to credit unions through its 50% joint venture interest in CMG Mortgage Insurance Company. The PMI Group?s customers primarily include mortgage lenders, depository institutions, commercial banks, and investors. The company was founded in 1972 and is headquartered in Walnut Creek, California.
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