Bagman's charts, watchlists, scans and etc.

[CohibaMan]

Hey DA! I have had PMI for a LONG time, and that gap scares me. I expect it to fill, which is why I bailed out at $6.40 a few months back. The other shoe on bad mortgages will drop soon, and PMI will be paying out a lot of insurance again. Of all the mortgage insurers, it is weak, and only being help afloat by the government allowing them to back FRE and FNM mortgages. Some states will not allow them to write mortgage insurance, since they don't have the correct capital ratio it needs. (Those last few sentences are from what I remember and may NOT be hard facts, but just a gist.) I also read an article that the mortgage refinancing the government was pushing for is NOT going very well, which is why I feel another big round of foreclosures is coming up again.

Of course, having said all that, watch it launch to over $7 again!