tag:blogger.com,1999:blog-6798074091942701235.post3860458572370085280..comments2024-03-27T11:08:31.557-04:00Comments on Can Turtles Fly?: MBIA $4 Billion From Its Investment Portfolio; Ambac's Investment PortfolioSivaram Vhttp://www.blogger.com/profile/06361276466660862882noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6798074091942701235.post-13675128050944800112008-07-01T00:57:00.000-04:002008-07-01T00:57:00.000-04:00http://paul.kedrosky.com/archives/2008/06/30/the_e...http://paul.kedrosky.com/<BR/>archives/2008/06/30<BR/>/the_end_of_naiv.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-66944384796329202782008-07-01T00:56:00.000-04:002008-07-01T00:56:00.000-04:00No need to respond, just a link worth considering....No need to respond, just a link worth considering.<BR/><BR/>http://paul.kedrosky.com/archives/2008/06/30/the_end_of_naiv.htmlAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-71430391935593231162008-06-30T20:10:00.000-04:002008-06-30T20:10:00.000-04:00SYNHCRO: "So if the stock goes down 20% on no news...SYNHCRO: "So if the stock goes down 20% on no news TO YOU...Is it possible that _some_ participants got some meaningful news ahead of you that, just perhaps, the company's _intrinsic value_ has changed?"<BR/><BR/><BR/>That's always possible...Sivaram Vhttps://www.blogger.com/profile/06361276466660862882noreply@blogger.comtag:blogger.com,1999:blog-6798074091942701235.post-78197006109348555432008-06-30T18:30:00.000-04:002008-06-30T18:30:00.000-04:00"Ambac shares are really getting killed today (dow..."Ambac shares are really getting killed today (down 20% on no news)."<BR/><BR/>At this point it would be just cruel to continue to mock ABK/MBI stockholders. So I won't.<BR/><BR/>I do have a question: much has been made by this blog its various participants that stock price does not reflect the _intrinsic value_ of the company.<BR/><BR/>So if the stock goes down 20% on no news TO YOU...Is it possible that _some_ participants got some meaningful news ahead of you that, just perhaps, the company's _intrinsic value_ has changed?<BR/><BR/>Of course, since this question is purely rhertorical (and admittedly quite unanswerable), it would say contrarian investing is somewhat faith-based, at least initially. It will become fact-based when news eventually filter out to the small investors who fancy themselves as "contrarians."Anonymousnoreply@blogger.com