Its loaded with tisky bonds. nd lets not even talk about their PR bond time bomb. The next bear market / real estate plunge, MBIA s bonds will implode. Mark this post MBIA will be under $8 by 2016 elections.
Wow...the bears finally show themselves. It is very clear they are trading this thing and when they resort to posting on message boards ....maybe they are having difficulty controlling the price. Regardless longs it is very clear stock is being held hostage it may take months for this to resolve itself and with no news it is the perfect opportunity for shorts to push down and cover and then go long if the company delivers.
Moody's is always backward looking. Just like the financial crisis they were late to the game. They will upgrade again once the stock price is over 15 bucks. All this upgrade does is help them become marketable again and write new business.
short interest is only 10 million as of April. I imagine it has increased since then and now that earnings are done it might be decreasing but there is still the possibility that they try and push this down to 10.50 area. Traders are having a field day with this.