Zeev's Turnips Patch-No Politics (ZEEV)

[Joe Stocks]

MBIA (MBI): $39.65 (-1.84) New OI put play MBI has been left behind in the rally. Salomon Smith Barney defended recent concerns in the stock about exposure to truck school loan defaults, which we talked about in last night's write-up. Apparently investors are still concerned, and after bouncing from $39.14, the stock found sellers at $40. I like the intraday resistance under $40, and I think entries here look safe. The stock filled its gap down to $40.72 and just kept going. I would probably use a lower stop on entry at this point, such as $43, instead of $45 on the original entry.

From optionInvestor.com