1-Star Stocks Poised to Plunge: Ambac?

• Report this Comment On April 19, 2010, at 9:51 AM, truemoney wrote:

  DJN quotes CITI CFO today, “Citi not involved in the matter that the SEC announced FRIDAY” and “Citi is fully cooperating with ‘these’ (plural) investigations... Based on an a new article regarding Ambac’s back door restructuring by Wisconsin Regulators, it’s looking more likely that ABK will be around to collect from Citi and others on misrepresented mortgaged backed securities, the judge in the case is looking to make that they will be around. Link to article follows:

  http://www.jsonline.com/business/91291174.html

• Report this Comment On April 19, 2010, at 9:53 AM, truemoney wrote:

  DJN quotes CITI CFO today, “Citi not involved in the matter that the SEC announced FRIDAY” and “Citi is fully cooperating with ‘these’ (plural) investigations... Based on an a new article regarding Ambac’s back door restructuring by Wisconsin Regulators, it’s looking more likely that ABK will be around to collect from Citi and others on misrepresented mortgaged backed securities, the judge in the case is looking to make that they will be around. Link to article follows:

  http://www.jsonline.com/business/91291174.html

• Report this Comment On April 19, 2010, at 10:56 AM, Randy3515 wrote:

  [ABK] is a momentum play not a fundamental investment strategy, I bet the shorts are crapping their pants. In the short term fundamental trading means nothing. It's the home internet trader who knows very little about fundamentals who is currently directing the low volume market. This will continue until fund managers start buying in droves. Anyone who believes in trading the current market on fundamentals alone is a fool. Its technical trading that rules in today's fast market and it's much more easily understood for the millions of home internet traders. I believe [ABK] will make another run during the shorts scramble for safety once again. Most all shorts are getting creamed and will much less likely climb aboard short again in the future! The continuation of recent regulatory effort to split the bond insurer's toxic assets from the rest of its business will push the shorts all the way out. The press releases from these discussions will only continue to fuel the future upward momentum of ABK's price, and short covering will help fuel it in between press releases. I believe [ABK] has begun the rare process of quickly churning its average share buy in price. Traders will soon all be in near the same price, there will be no profit to take until it climbs again. This will create the hold effect and when all outstanding sharers have been traded at an average price say around 2.00, this will eliminate fear of loss of profits and the remaining stock holders will be in wait of the next trend upwards. Remember this stock traded for a long time under a 1.00 which means everyone who purchased it there probably already traded out, this is why it came down hard from 3.39. It's now time to climb aboard again by the end of this week [ABK] IS A MOMENTUM PLAY, don't miss the boat. Don't listen to JP Morgan's Analyst I'm guessing he's probably advised his clients to go short. That's just my opinion!!!

• Report this Comment On April 19, 2010, at 10:59 AM, Randy3515 wrote:

  [ABK] is a momentum play not a fundamental investment strategy, I bet the shorts are crapping their pants. In the short term fundamental trading means nothing. It's the home internet trader who knows very little about fundamentals who is currently directing the low volume market. This will continue until fund managers start buying in droves. Anyone who believes in trading the current market on fundamentals alone is a fool. Its technical trading that rules in today's fast market and it's much more easily understood for the millions of home internet traders. I believe [ABK] will make another run during the shorts scramble for safety once again. Most all shorts are getting creamed and will much less likely climb aboard short again in the future! The continuation of recent regulatory effort to split the bond insurer's toxic assets from the rest of its business will push the shorts all the way out. The press releases from these discussions will only continue to fuel the future upward momentum of ABK's price, and short covering will help fuel it in between press releases. I believe [ABK] has begun the rare process of quickly churning its average share buy in price. Traders will soon all be in near the same price, there will be no profit to take until it climbs again. This will create the hold effect and when all outstanding sharers have been traded at an average price say around 2.00, this will eliminate fear of loss of profits and the remaining stock holders will be in wait of the next trend upwards. Remember this stock traded for a long time under a 1.00 which means everyone who purchased it there probably already traded out, this is why it came down hard from 3.39. It's now time to climb aboard again by the end of this week [ABK] IS A MOMENTUM PLAY, don't miss the boat. Don't listen to JP Morgan's Analyst I'm guessing he's probably advised his clients to go short. That's just my opinion!!!

• Report this Comment On April 19, 2010, at 8:07 PM, SUPERMANSTOCKS wrote:

  I will bet anyone that ABK will be at or hit 2.40 within the next 3 weeks. I will bet them one share either way.

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