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1. MI Prices Secondary
By James Altucher
8:59 a.m. EDT
Financial Marshall & Ilsley (MI Quote) priced an 87-million-share secondary last night at $5.75. The stock had closed at $6.14. In the premarket, the stock is trading around $6. I'm short the stock and may cover or trim around the open to take gains. However, I do think the stock will trade lower from here and may even break the offering price. ...
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