Too Late for PMI?

By -

PMI Group, shown below, is up 1700% since last March. What's interesting to me about this chart is that it has formed a beautiful inverted head & shoulders pattern, suggesting a price move to about $10 or so. I've got to say, it would be a little nerve-wracking buying into a stock like this, since the jump from about $3 to $6 only took a couple of days, and therefore there is hardly any support between the present price and a 50% decline. All the same, it's a nice pattern.

0331-pmi 

There's no more guest content in the hopper, and after this quarter, I only feel like finding the nearest corner and curling up into a ball. I'm done for the day. See you in the morning.