56 points to go.
MBI.... 56.7 points of downside left.
Started by
ogm
, Jul 20 2007 10:45 AM
4 replies to this topic
#1
ogm
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Posted 20 July 2007 - 10:45 AM
No [bleeeep]. These guys are the ones who were insuring the subrime garbage. They are guarantor for 900 bil in mortgages, the last counterparty. And they have 3 bil in assets. They are the prime suspect to be the victim of derivatives debacle in the subrime land.
56 points to go.
56 points to go.
#2
humble1
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Posted 20 July 2007 - 11:02 AM
GREAT POST !
i think you are right. i am going to short a batch right now. the chart confirms the fundamentals in a classic manner.
#3
ogm
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Posted 20 July 2007 - 11:06 AM
GREAT POST !
i think you are right. i am going to short a batch right now. the chart confirms the fundamentals in a classic manner.
I'm playing this one with options plus to some common stock short. Ideal risk reward. Great for options play.
If this thing collapses into oblivion you cash in big, if not, you're limited to what you paid for options.
#4
humble1
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Posted 20 July 2007 - 11:09 AM
good point. this is as good of a risk/reward play that we will see, imho.
gotta go jog !
GOOD LUCK AND THANKS AGAIN !
POOF !
#5
NAV
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Posted 20 July 2007 - 11:26 AM
Only 56 points. What if they reverse split ? LOL 
