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Buying more MBI

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Bought 800 MBI at 49.37, market order

This is my third and final buy here, approximately 20% lower in price than my first buy. I have had mixed results buying stocks that are declining rapidly - some of my largest profits have been made that way, but I have also been hurt buying on the dips.

The thinking here was that absent new negative information on the stock, its decline was part of the panic in Financials, and I would bear in mind the size of the discount to thier nonGAAP metric - adjusted Book Value.

Monday August 06, 2007 : 12:30 PM

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