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MBIA (MBI) soars 13.8% amid chatter of an imminent settlement with Bank of America (BAC)....

MBIA (MBI) soars 13.8% amid chatter of an imminent settlement with Bank of America (BAC). Update at 3:20 ET: There's no new developments in the case, reports The Street's Dan Freed after speaking with a source close to the legal proceedings.
Comments (3)
  • So you still think (BAC) is a good buy? Think again.
    4 Jan 2013, 05:36 PM Reply Like
  • Nothing like good solid fundamental investing.

     

    I have no opinion on MBIA as a company. But over the last few years the market has been filled with this kind of BS. "Chatter" making a stock move 13%. The casino game is whether you're in the right place to get your chatter out on the street. It doesn't matter whether it's true or not. Just whether you can get people to trade on it. Frankly, the traders don't care whether it's true either. They're just riding the wave and hoping to get out before the wave begins to fall.

     

    The talk about the Fed printing money. Small fish compared to the equities markets.
    4 Jan 2013, 06:06 PM Reply Like
  • MBI has a bond insurance arm that the market is valuing @ $0
    6 Jan 2013, 05:29 AM Reply Like
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