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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (13352)11/23/2001 12:31:40 AM
From: James Clarke  Respond to of 78628
 
sorry - tried to send private message



To: Paul Senior who wrote (13352)9/20/2002 6:00:29 PM
From: Paul Senior  Respond to of 78628
 
Out of ALL and moving funds to MBI. Seems like many on SI have been shorting MBI and others. Many insurers are being targeted because of perceived (maybe actual?) problems with macro economic issues and company specific issues related to easy credit, over lending, possible or probable defaults, recession, debt bubble.

Short term I'd say the shorts will control the stock. I intend to buy more MBI if/as stock drops. Baring some severe shock to the financial system or some very bad news specific to MBI (perhaps with one of their ancillary businesses or overseas operations), the company should rebound from current wave of pessimism, as they have in past.

I'll look again at adding to RDN too. Same sort of issues.

finance.yahoo.com