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2 points posted on 08/01/08

67%

usls1:

+46.53%
risk: conservative

Who's Bullish on MBI & ABK ?

Have the recent deals between ABK & Citigroup, Meril & SCA and the future deals between Meril and MBI, mean we have seen the bottom?

Are these deals the blue print for recovery and a return to normalcy in the price of these stocks?

Friday Aug 01 2008 Close for MBI:
Last Price: $7.67 Change: ^ 1.74 +29.34%

NEW YORK (MarketWatch) - Bond insurers Ambac and MBIA topped financial gainers Friday after Ambac reached a settlement for its toxic debt, as the broader financial market staged a late-day rally to end the first day of the month higher.

Ambac shares ended over 50% higher, as MBIA followed its lead by closing over 30% higher on sentiment that more such deals to resolve troublesome debt will be forthcoming.
____________________________________
Anyone want to make some price predictions?
Prices for open on Sept 01
MBI - $xx.xx
ABK - $xx.xx

Related to:

MBI		MBIA Inc.
ABK		Ambac Financial Group Inc.

Comments (4)

Add Comment

traderdrew

51%

1 point commented 478 days ago reply

There is still a lot to sort out with these names but I would say if you look at how citi and mer have performed lately I would use their judgment as a metric for finding the bottom

usls1

67%

1 point commented 475 days ago reply

What percentage of the price of these stocks is a reflection of lack of confidence in the greater financials market, rather then the health of these two stocks individually?
I think the sandbag on the necks of both of these truly is confidence. Once these two see a continued trend of daily gains we will see a rapid valuation in both as confidence is restored.

Thoughts?

xiongyp

64%

1 point commented 473 days ago reply

My prediction:
Prices for open on Sept 01
MBI - $9.81
ABK - $7.45

traderdrew

51%

1 point commented 473 days ago reply

confidance will return when significantly more debt is written down, neither of these companies have written down any significant amount of credit care or commercial debt

Your Comment

MBIA Inc. (MBI)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

32.5%

Top:

0.0%

Ambac Financial Group Inc. (ABK)

SocialPicks Sentiment:

This Quarter's Sentiment:

All:

46.5%

Top:

0.0%

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