Friday, March 7, 2008

MBIA/AMBAC

I posted last week that it was a nice point to short but didn't do it. I wouldn't want to get caught either way and would rather have my money where I KNOW which way we're heading.

You're right though and I see it in E-Trade as well saying "if only I had...."

The reward is high but the risk is just as high IMO

1 comment:

Peter said...

What's your "gut" telling you now??

I don't see us going too much lower, I'm about to get into buying mode.