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PennyMac Mortgage Investment Trust T.PMT


Primary Symbol: PMT Alternate Symbol(s):  PMT.PR.A | PMT.PR.B | PMT.PR.C | PMTU

PennyMac Mortgage Investment Trust is a specialty finance company. The Company invests primarily in mortgage-related assets. The Company conducts all its operations, and makes investments, through PennyMac Operating Partnership, L.P. and its subsidiaries. The Company's segments include credit sensitive strategies, interest rate sensitive strategies, correspondent production, and corporate. The credit sensitive strategies segment represents its investments in credit risk transfer (CRT) arrangements, subordinate mortgage-backed securities (MBS), distressed loans, and real estate. The interest rate sensitive strategies segment represents its investments in MSRs, excess servicing spread (ESS) purchased from PFSI, Agency and senior non-Agency MBS and the related interest rate hedging activities. The Correspondent Production segment serves as an intermediary between lenders and the capital markets by purchasing, pooling and reselling credit quality loans.


NYSE:PMT - Post by User

Comment by mmoschukon Dec 11, 2014 12:38pm
172 Views
Post# 23219760

RE:RE:RE:RE:RE:Boy that didn't last long

RE:RE:RE:RE:RE:Boy that didn't last longThere are many factors to consider. My analysis shows the next support level here at 99 cents. If it breaks through you will see prices sink down to 85 cents. Nat gas is 3.66 next level of support is 3.50 then 3.37 then 3.15. PMT will trade lower on these levels. Oil is at 60 bucks next level of support 57.25 and then 55.00. Tax Loss selling is not over, yet. I personally expect things still to drop, there will be a U shaped recovery here. The supply glut is ridiculous. We have to wait for demand to catch up. If you have substantial positions I would wait a few weeks to average down. If you are just entering into the market I would purchase a position but not a substantial position. But then again what do I know?
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