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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Hawkmoon who wrote (9914)	9/6/2008 11:59:53 PM
From: John Pitera	1 Recommendation Read Replies (1) of 33421

Hawk, they are simply fascinating stocks. I honestly can not figure out exactly the risks they face. However, it seems as if RDN is going to survive and prosper. I really think you are on to a good thing with RDN. One thing I can say about it's daily chart this past year is it's got constructive bottoming action the past several months. I would really need to be a pretty savvy corp attorney in the sector in which they toil to really understand mechanics and concomitant responsibilities that RDN has. I'm not. Radian Group Inc. jumped 21 percent to $4.96, the highest since June. The third-largest mortgage insurer said it expects to maintain its relationship with Fannie Mae and Freddie Mac, the companies that buy the loans it insures. Radian is also boosting its sales force ``significantly'' as lenders seek to lower risk and make their loans more attractive to investors, said the company's Chief Executive Officer S.A. Ibrahim. MGIC Investment Corp., the largest U.S. mortgage insurer, added 14 percent to $9.80 for the biggest gain in the S&P 500.

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