Chasing Value: MBIA up over 120% - now what? - Sheldon Liber

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1 pt	Chasing Value: MBIA up over 120% - now what?
	Aug 18, 2008 12:48 PM UTC

Sheldon Liber

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-14.39%	LOW

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Symbol	Sentiment	Start	Return	Closed
MBI		08/18/08	-56.54%	--

Via BloggingStocks:

Filed under: Rants and raves, Chasing Value, Stocks to Buy, Best Stocks for 2008, MBIA Inc (MBI)

Reporting on the daily appreciation of MBIA Inc. (NYSE: MBI) over the last few weeks has made me feel like a play-by-play announcer. One comment in an earlier post on MBIA raked me over the coals for writing when the stock was up 26%, only a few days after I suggested readers take a look at some crushed financials in Serious Money: Tempting fate with 10 financials. He did this even though on the day he commented it was up by 74%.

I was just reporting the jump but the reader took me to task for bragging when nothing should be judged so quickly, and my previous financial calls were bad. Well, MBIA has now leaped from $4.92 three weeks ago to $11.22 at Friday's close for a gain of 126%. This is BIG news even if it happened quickly -- in particular because it happened quickly

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MBIA Inc. (MBI)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

25.5%

Top:

0.0%

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by Zack Miller (BloggingStocks) about MER

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