It's an insurance company .... has to do with the performance of their existing assets. Think of it as a company mining gold; they own a mine and their rev changes by how well they do their work. Would be great if MBIA could get more mines in the future for added new business.
Dell lies about multiple IDs. He does it on this MB and BAC, GS, JDSU and other MBs. He believes that someone would pay a poster to bash MBI on a Yahoo MB and that this bashing manipulates the price of MBIA. Yes Dell "YOU" need to notify the SEC because there is no one else on this MB dell -lusional enough to participate in anything with you.
Hi rpschom ... you don't sound optimistic about a long position in the near term. Why not short it then?
Might be painful. I don't see any reason that it doesn't return to 2013 low around $2.50. I'm not currently invested in SID but I'll put a little in if it gets to $4
My guess ... 30 minutes after the market opens tomorrow. Unless we get some news then I'll stay long. Let 'em roll.
From that same article:
PREPA's bonds, although still trading at distressed levels, have risen sharply since Donahue's appointment. The 5.25 percent bond due in 2040 is currently trading at an average price of 58.115 cents on the dollar compared to 49.844 cents the day before PREPA named Donahue as its new restructuring officer.
Looked more like a bear attack to me. Took 15 minutes and $10 million to drive the price down 60 cents. They'll be back until there is good news.
Hi wallellaw ... I guess the point I was trying to make with the original poster was that you can go wrong buying a stock which is significantly below book value. At $14 you could have lost over $4 dollars stock value by now even though the company had a very high book value. As far as the rest of your comments/questions go I guess buying at $10 now sounds good as long as it matches your investment strategy. GL.
Maybe you just have a suspicious mind and the market is just acting like a market. Not sure how you can jump to the "manipulation" conclusion all the time without any evidence. And if you really believe that this stock is manipulated every month then why would you invest in it? Most people don't stay when they know the game is fixed.
I have two types of portfolios ... one for investments and the other for trading.
In my investment portfolio I own no shares of MBI. In my opinion MBIA is a broken company that has only managed to survive as of 2014. The pps is still looking for direction and there are as many reasons to stay away from this company as there are to buy. I wouldn't add this company to my investment portfolio until it demonstrated some reason (dividends, 12 mos of price appreciation etc.) other than speculation. I'm not willing to wait 3,4 or 5 years because there is no guarantee that will ever reach $25 or $75 and I don't want to miss investment appreciation of solid stocks that are currently appreciating with some level of confidence. I'm not greedy and don't mind missing some major move up in MBIA ... I'd rather own it at $25 knowing they had their act together than at $10 hoping they get their act together and are appreciated by WS.
I have fun trading so I have a trading account in which one stock I own is MBIA. I like MBI because the gaps up and down are generous, recognizable and will last over a few days. In this account I don't mind being long, short or on margin. I've had luck trading this MBIA.
That isn't logical. IF the stock price is manipulated as you say, what makes you think the stock will be allowed to achieve the values you believe over the long run? It's like playing a game you know is rigged to the benefit of others and not you. Did you fall in love with a manipulated stock and just can't help yourself?
You don't make any sense. You tell everyone you are a long term investor and all of a sudden you think you can time the market. Just tell the truth Dell.