Volatility--My Drug of Choice

While I was testing out my idea of high conviction picks, I found a couple of stocks that might meet your criteria and took large positions in both, to my sorrow.

MBI & ABK have both been hammered mercilessly, are shorted something like 30% of the shares outstanding, and were off more than 10% today. Both are trading at approximately 1/3 of their adjusted book value, which I have been treating as my margin of security...
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by Neil DeFalco | 01/09/08

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DJIA	10,070.28	161.89	1.63%
NASDAQ	2,149.37	23.32	1.10%
S&P 500	1,070.26	13.52	1.28%


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Volatility--My Drug of Choice

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Can Citigroup Be Saved?

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