PMI Group, Inc. (The) NYSE:PMI
As you can see from the chart below, there are a few bright spots to outline: The RSI is exhibiting signs of recovery from a period of being heavily oversold, the MACD indicator is beginning to pinch, and look as if a cross is in order. Not to mention the fact that we feel the large gap created by the sudden drop in early August, could be filled in easily with a course correction. For example, when a stock gaps UP, there is usually a subsequent pullback to fill the gap, and we are going to be looking out for the opposite effect here.
A bounce off of .375 to .42 is 12%, however we are expecting much more substantial gains moving forward. Stay tuned for more updates.
Exit Only, Inc.
With gold near $1800/oz. we are excited for EXTO, and eagerly awaiting production updates from newly acquired sub, Bayport. The last PR cam just over a month ago, so feel that we are due for another at any time now.