Eman93 4,750 posts msg #101945 - Ignore Eman93 |
8/3/2011 12:29:30 AM
JP I always have it on my watch list. when was near 3 yesterday I thought you should pick some up.. hope we get a few days of consolidation and I will have a chance to pick some up don't think we will see 3.00 but 3.40 gap support could happen.
Did you read the earnings report? if so whats the outlook... they sell private mortgage insurance .. right?
OK nveremind the questions, here is the report..
http://www.radian.biz/sfc/servlet.shepherd/version/download/068C0000000QZNdIAO
book value is 8.49.. damm. reading it now. hope they dont own any Greek CDS they just got broad axed to the forhead. Its just a technical default.. so you are screwed... how pissed would you be if you owned a boat load of these.
Its a complete scam all of it... freaking AIG sold CDS all over town with no money to back them up at all...how can that be legal?
Ok I want to sell you insurance on a default of mortgage.. it will cost you 10% of the loan.. just dont try and collect... thats fraud is it. not.. at its most basic.
Damm 3.3 billion loss on bad mortgages..
read those last 3 pages ..
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Eman93 4,750 posts msg #101946 - Ignore Eman93 |
8/3/2011 12:50:30 AM
johnpaulca
5,437 posts
msg #101944
- Ignore johnpaulca 8/3/2011 12:24:11 AM
DJI...could see an oversold bounce tomorrow. Shorted TWM at the close($47.52) for a swing trade
........
We have some more room to drop major trend lines broken today may pull in more bears. Thats why the big selling into the close.. IMHO.. what are you using as support in the RUT?

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johnpaulca 12,036 posts msg #101947 - Ignore johnpaulca |
8/3/2011 12:51:49 AM
if it doesn't make sense then buy some...lol.
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Eman93 4,750 posts msg #101948 - Ignore Eman93 |
8/3/2011 12:52:54 AM
Fib lines are form last leg up.. channel lines are from weekly chart. I would expect a strong reaction at first test.
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johnpaulca 12,036 posts msg #101949 - Ignore johnpaulca |
8/3/2011 12:57:55 AM
US/CAN dollar resistance here, could stall/pause here.
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Eman93 4,750 posts msg #101950 - Ignore Eman93 |
8/3/2011 1:05:52 AM
Yes I see it... overbought on the daily also and hitting a confluence of resistance.
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Eman93 4,750 posts msg #101951 - Ignore Eman93 modified |
8/3/2011 1:10:17 AM
RSI(20) in backtest of the break out of the downtrend line (daily) also... on RUT_X chart. RSI(20) likes to bounce around 30ish
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Eman93 4,750 posts msg #101952 - Ignore Eman93 |
8/3/2011 1:14:45 AM
RUT on 8/29/10 swing low RSI 20 reading of 29.02 support...
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Eman93 4,750 posts msg #101954 - Ignore Eman93 |
8/3/2011 1:22:21 AM
IWM RSI 20 has more room to fall before a back test of the trend line... ??? strange??? MFI looking good though.
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Eman93 4,750 posts msg #101955 - Ignore Eman93 |
8/3/2011 1:43:12 AM
a few to muse over
SUNH big gap down
NUS watch for a bo
JAMN this is in play.. Lotto pick..
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