1 reply to this topic

[hiker]

MBI intraday price today is above the March and April daily closing highs

also above the 200day sma for the first time in mos.

15.28 is the late Feb close high on the daily...vs. today's high of 15.66.

16.61 is a mid - January close high

no short inventory has been available for MBI in mos. where I trade.

first mentioned MBI here, after my buy stop was filled on the move above 14.69 -

http://investorshub....age_id=31788364

Shares of mortgage and bond insurers rose Thursday a day after announcement of a deal for MBIA Inc. (MBI:$15.6500,$3.6700,30.63%) to reinsure billions of dollars in municipal bonds - showing the embattled bond insurer is able to attract new business despite the credit crunch.

MBIA (MBI:$15.6500,$3.6700,30.63%) will reinsure $184 billion of municipal bonds issued by Financial Guaranty Insurance Co., netting about $741 million in the deal.

Edited by hiker, 28 August 2008 - 09:58 AM.

[tradesurfer]

I like ABK too. Both charts show a long large head and shoulders bottom formations confirmed with volume. The charts on those two look really good and the head and shoulders bottom formations say new mini bull markets have begun on these two.