Volume Spike Investor

PMI Group (PMI) posted a second quarter loss that narrowed on lower claims and on loss adjustment expenses.  This was despite the continued problems and concerns at its U.S. mortgage insurance business. The results were a wider loss than expected and shares are down big.  At 8:04 AM EST we have seen 70,000 shares trade hands, a mere fraction of what you will have seen later this morning, and shares are down around $2.50 after closing at $3.52 Thursday. -JON OGG