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To: The Freep who wrote (89235)1/13/2004 4:20:33 PM
From: jjstingray  Respond to of 209892
 
Did you see ISSI. The read was right after all. Wow, what a sell off.



To: The Freep who wrote (89235)1/13/2004 5:26:30 PM
From: orkrious  Respond to of 209892
 
for me it's a fundies issue. when the RE bubble peaks(see the charts of the homies like LEN for that, it's now), the mortgages companies like MTG insure are going to cause severe probs.

[edit] worse, Y/Y comparisons sucked in their latest Q, but the cheerleaders overlooked them.



To: The Freep who wrote (89235)1/13/2004 7:51:01 PM
From: bcrafty  Read Replies (2) | Respond to of 209892
 
Freep, I figured the answer would contain fundamental
rather than a technical POV, but other than the fact that it has shot up quite a bit with that gap (and of course the "all gaps must be filled" argument) I note the RSI is topping out but that seems to be it.

Here's a "canned" opinion FWIW (not too many get a rating like MTG has now)
quotes.barchart.com

I wouldn't touch it short right, even for a scalp; IMO there are many better charts technically for a play on the dark side.