nikoschopen 2,824 posts msg #59415 - Ignore nikoschopen |
1/31/2008 1:25:41 PM
MBIA, Ambac shares bounce on MBIA execs' commentsReuters
Thu Jan 31, 2008 11:57am
NEW YORK (Reuters) - Shares of top bond insurers MBIA Inc (MBI.N: Quote, Profile, Research) and Ambac Financial Group Inc (ABK.N: Quote, Profile, Research) rose on Wednesday, recovering from an initial drop, after comments from MBIA executives offered some reassurance about the state of the bond insurance sector.
Investors have been on edge due to fears the insurers could have their credit ratings downgraded.
MBIA shares were up 5.3 percent at $14.72 on the New York Stock Exchange, while those of Ambac gained 11.4 percent to $12.08.
In a conference call with analysts MBIA Chief Executive Gary Dunton said MBIA is in the best position to maintain Triple-A ratings among public bond insurers.
I suppose we traders need to get our dunce cap on and start dancing to the tune of their lies.
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petrolpeter 439 posts msg #59417 - Ignore petrolpeter |
1/31/2008 1:27:51 PM
The Beggar's Ball?
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nikoschopen 2,824 posts msg #59420 - Ignore nikoschopen |
1/31/2008 3:09:24 PM
Yeah, and ure cordially invited to Club Pinocchio.
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nikoschopen 2,824 posts msg #59421 - Ignore nikoschopen |
1/31/2008 3:45:31 PM
Have we reached the top yet? Short...
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nikoschopen 2,824 posts msg #59422 - Ignore nikoschopen |
1/31/2008 4:04:33 PM
The futures getting trashed in the afterhours. Somebody must know something about tomorrow's job report.
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johnpaulca 12,036 posts msg #59423 - Ignore johnpaulca |
1/31/2008 4:33:55 PM
Niko...we will tomorrow me thinks. Trend is still down. imho

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nikoschopen 2,824 posts msg #59426 - Ignore nikoschopen |
1/31/2008 5:33:09 PM
Sorry, but I think otherwise. No doubt, Google is getting hammered in the extended hours and there's still the jobs number that ominously hangs over the market for tomorrow, but the daily chart for both the Dow and the S&P looks rather bullish. I would be very cautious about shorting this market outright. If you are, be very nimble.
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nikoschopen 2,824 posts msg #59440 - Ignore nikoschopen |
2/1/2008 3:13:00 PM
Alright, taking a small short position from here. Hopefully we'll get a selloff going into the close.
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johnpaulca 12,036 posts msg #59441 - Ignore johnpaulca |
2/1/2008 3:45:43 PM
Niko...hope ya still short on GLD...I am riding this honey down.

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nikoschopen 2,824 posts msg #59442 - Ignore nikoschopen modified |
2/1/2008 4:29:29 PM
I got out of GLD eons ago with a decent profit. But I ain't too sure about shorting the damn thing here. It's still above the trendline and the Keltner/Bollinger bands look pretty bullish. I'm also thinking that it just might put in a double-top pattern within the next few days. I would short near the top with a tight stop.
BTW, line chart sucks! LOL
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