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To: jjstingray who wrote (161673)2/8/2008 12:26:00 PM
From: Henry J Costanzo  Read Replies (1) | Respond to of 209892
 
Very confused...thought you were calling that earlier as a triangle...As I've been saying, I see it as a possible TA pennant...whatever the waves..



To: jjstingray who wrote (161673)2/8/2008 12:34:06 PM
From: The Freep  Read Replies (1) | Respond to of 209892
 
JJ -- the MBI chart looks okay for a pop, but as far as rescuing the market and all that, well, look, the stock dropped 90% in value over a few months, so a snapback doesn't seem out of the question regardless. And I don't see what "fix" comes in out of the blue after this 'stimulus' package AND rate cuts. Nothing can save the worthless paper, so far as I know, but that's not to say MBI goes out of business. But saving them isn't saving the market anyway!

I guess I'd say play the pattern and leave that bolder, broader FA conjecture out of your thinking because it'll really color your read of everything, imho.