Now I know I’m not always right, I try to play with the odds on my side, pay attention to technical support areas, resistance points and momentum and with all those factors combined, try to squeeze a profit day in and day out.

But sometimes, just sometimes a call is so perfect it scares me… so with that I dedicate a post to just that, last nights commentary regarding MBI (which you can find HERE.)

Intraday low of $7.04, before testing $8 and hitting a high of $8.14 so far today.

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From last nights scan

MBI looks like a good reversal coming off the bottom, I’d watch for dips back towards the low 7’s, once support kicks in probably pick up a few for the test of $8, on the $8 break I’d probably add to it

Tags: MBI

This entry was posted on Monday, August 4th, 2008 at 2:27 pm and is filed under Recaps. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.