Might have a short term bottom and a bounce but in my opinion the bottom is still not in. Momentum favors 9.5 which will probably get hit assuming a bankruptcy in PREPA and overall market selloff. I bought some additional protection just in case. Nov 10 strike puts. GLTA
I am sure after it hits 9.50 you will say 8.50 or even 7.50, let's stop making calls. I would rather say it is way over sold even at $12, so certainly anything lower than 12 is also way way oversold. Who care if MBI goes even lower, for LT holders its a great boon to add more shares. Especially today is one of the days to sell other high flying stock and add some MBI. I just did some and will do some more before market closes.