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MBIA Inc. Message Board

  • indexit indexit May 10, 2013 10:44 AM Flag

    Why the stock is down.

    Earnings are to complicated for most, traders included, to understand because of various aspect discussed on the board. earnings look like a beat and yet non Gaap loss, but also much better than last year. As far as I know they have pretty much settled all. No real catalyst now except S&P possible ratings upgrade. Now word from analysts which you can understand with earnings and balance sheets adjustments this convoluted they need some time to to figure it all out.. With the recent 50% run things better look real good. Historically not the best time of year to buy stocks. Unless there is further news I would think this would settle near 15. S&P is usually pretty slow so I doubt any ratings upgrade today and it is possible an analyst could upgrade today but much more likely to hear something early next week. If you see a mysterious rise near the end of the day it could either be short covering, which I doubt, or someone is going to upgrade on Monday and the firm is illegally informing traders and clients. I would lay off until last hour of day and then watch it to get any indication. I suspect overall not much happens.

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