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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

Post by theancienton Feb 14, 2015 3:08pm
158 Views
Post# 23430718

RE:Under $1.00

RE:Under $1.00In the Fall of 2013, PMT showed some signs of a turnaround, I traded it up and down, not every trade is profitable, when the trend reverses itself, that's the trade to get out fast with a small loss.
when PMT went under a $1.00 couple months back, I moved in with my van, trailer, and wheel-barrel, it was tough to get shares, besides the low volume, somebody always come along and bid a penny or two higher, after two months, I got half of what I am looking for, then it spiked up, in thinking of PMT might retest its new low, so I started taking profit between $1.16 and $1.25, I still have some shares left, I guess I am long, but not very strong. LOL
If the rig counts are dropping at current rate for two more months, they should reach balance production soon, one stat to keep an eye on is the unconventional drilling rig counts of the Marcellus and Uticas, because that's where most of the surplus came from, every rig in the Marcellus can produce over 8mmcf/d the rig count in the Marcellus is 69 this week, 71 last week, 80 last year at this time, since the pendulum will over swing both ways, the big boys on Wall St. might want to creat a phoney shortage on inventory, if the stock market is ahead of businees by six months, PMT might meander side ways for a while, for me to look for PMT to to retest its low might be wishful thinking, shorting PMT? be my guest, LOL, CHEERS glta.
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