MBI - MBIA Inc.

shadow · #1 (**permalink**) 02-28-2008, 04:19 PM

can anyone see this going down to a range of 11.60 through 12.40 in the near future?

ron · #2 (**permalink**) 02-28-2008, 05:26 PM

shadow, the uncertainty still surrounds the bond insurers and defaults are still ongoing.... there is a good chance stock will revisit the range u suggested....keep in mind, bond insurers must pay claims when issuer defaults..that prompts increase number of payments, causing more debt etc., so currently they are in survival mode, which suggests at least - stock will fluctuate prolly favoring downside tendencies.

shadow · #3 (**permalink**) 02-28-2008, 07:15 PM

Appreciate your comments.

shadow · #4 (**permalink**) 02-29-2008, 09:57 AM

the way the market is dropping this morning. I may get the range. I was speaking about on my last post, which was 11.60 through 12.40.

shadow · #5 (**permalink**) 02-29-2008, 01:47 PM

it would appear that it has ran into a brick wall around 13.06 seems to be the support level at this time.

it would appear that the stock needs to drop below this support level with some volume before, I will get my range.