wow, I got some paper gain on today\'s buy on MBI
(2009-05-05 11:40:46)
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Trading is really exciting, while investing is boring. Anyway, yesterday I saw mbi broke up 5 on heavy volume, while it is still at low price level compared to other financial stocks' doubling and tripling. I decided to set a price at 4.91 last night before going to bed. I am fully aware that chasing stocks is dangerous after 8 weeks' gain. But I remember that MBI CEO started his buy at 5.5 as MBI dived from 20 all the way to 3.
This morning, I am so glad that I made quite a big paper profit on mbi, mbi is now at 5.35, almost 9% profit. On the other hand I am sad about abk. I have been trying to chase abk, but it left me in the dust. ABK's negative book value makes me a little uncomfortable, although recent insiders buy gives some encouraging sign. Anyway, it jumped 33% this morning, I felt very disappointed at its jump. There are 2 times in the past few days, I was just one cent away from catching it.
Haha, do not be too greedy, I told myself.