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MBIA Inc. Message Board

  • onyxpig onyxpig Jan 25, 2008 6:06 PM Flag

    Feel a need to share

    A couple of weeks ago, after doing my DD, I bought MBI for the first time at 20.40. I sold it the next day at 22.80 (2250 shares). The next day it began to tank and you know where it went from there! Last Friday on options expiration I watched Gasperino on CNBC say that ABK and MBI were likely going BK and gave his reasons. He then said, with a smirk on his face, I'm not saying they're going BK but... I proceeded to buy 7500 shares at 7.34 and 7.35 and sold on Wednesday at 14.50. Could have got 17 fifteen minutes later and likely the same Thursday morning but I'm happy. I have alot of respect for WP as they are very wise!

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MBI
8.90-0.31(-3.37%)Mar 26 4:01 PMEDT