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AllianzGI Convertible & Income Message Board

wedbush80 4 posts  |  Last Activity: Mar 28, 2016 3:04 PM Member since: Dec 5, 2008
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  • Reply to

    book value for MBIA

    by byebyecash Mar 24, 2016 10:46 AM
    wedbush80 wedbush80 Mar 28, 2016 3:04 PM Flag

    Jay Brown reported on March 22, 2016 that following the 15 million shares purchased in the first two months of this year non-GAAP book increased to $32.55. per share. He did not provide a GAAP book but my calculation is $28.05 which is spot-on with your estimate of "around $28.00."

  • Reply to

    After hours trading

    by wedbush80 Mar 11, 2016 7:57 PM
    wedbush80 wedbush80 Mar 11, 2016 8:41 PM Flag

    I agree with all you have posted though we are currently above both the 50 and 200 day average. Today's trading was significant because we had a near double in volume in the last hour, from 2.8 million to 5.3 million, and yet the stock was fading and closed near the low of the session. This type of pattern often develops on option expiration Fridays when professional traders tap down the share price, particularly going into the close. So no surprise there.

    Short interest at month-end February is 19 million, very high in my opinion given the sharp reduction in shares outstanding and recent share price gains.

  • wedbush80 by wedbush80 Mar 11, 2016 7:57 PM Flag

    See AH trade at $9.49, higher than session high. Did anyone see news or a development that could describe the price gain?

  • Reply to

    Mid-January short interest

    by wedbush80 Jan 29, 2016 10:44 AM
    wedbush80 wedbush80 Feb 1, 2016 3:37 PM Flag

    Likely volume today 1.6 million. Trying factoring that into 22 million shares short. Stock possibly getting a little scarcer. The very manipulation that has occurred in these shares for months and months might now be coming back to fully encircle the bearish bettors. I have liked MBI for the values and fundamental story but would not hurt my feelings in the least if the shorts got ripped, pillaged .and tattooed

NCV
5.91+0.02(+0.34%)Apr 29 4:02 PMEDT