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Bro, you seem to be hot for this stock. Was up??? There will be more financial write downs soon, I cant tell you what to do, but I wouldnt touch a financial with a 10 foot pole unless its been punched real hard, and we're coming off many red days into some good green territory, and there is a good momentum play with one, and the moon and the sun aligh with venus and I win the lottery......I think I about covered it lol. Other than that be VERY cautious... If it grabs that support and you want to go for it bro, do so....If I see the same thing Hell I might grab a few shares for a scalp. Good luck.
MBIA announces workforce redeployment and reduction
MBI announces that in connection with its plan to realign and refine its business and risk strategies, which will include a more focused and rigorous credit discipline in its structured finance business going forward, MBI will eliminate 48 positions. All of the position eliminations will occur within the cop's insurance operations. The company will redeploy many of the employees into different jobs including into its Asset Management business, which is unaffected by the workforce realignment.
