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hell yea it will be. MBI is screwed but ABK is gonna have a rescue plan announced next week and porbably have a sharp increase in its price.

this is the real deal, ambac will be rescued by someone investing 3 billion into it and it will likely split into two. hopefully the announcement on monday will boost up the rest of the market just like it did at the end of todays trading session.

I got in at $9 but I am holding till the bailout plan is announced next week regardless of what happens. THERE WILL BE 3 BILLION DOLLARS INVESTED IN ABK NEXT WEEK. you are going to regret getting out early. all of the top guys at ambac are going to be working on the plan this weekend and...

holy crap, you played that perfectly. $10,000 in just a matter of minutes. that's what i call trading. there WILL be a deal announced next week. mark my words. just remember this post come monday morning. but i'm definately going to keep my eye on you. pumpin and dumpin works! just proved...

lucky bastard. good trade. i would hold onto it longer because like i stated before, there will be an announcement of 3 billion dollars being invested into ABK next week. this run isnt over yet.

it just went from -9% to +4% in a matter of minutes. unfreakingbelieveable, and i missed it. you were right, shoulda pumped it and dumped it.

Anyone else hearing a rumor that some rich guy is about to invest $3 billion into Ambac? I wonder how the stock price would react to Ambac splitting into two, which is what is likely to happen.

great post jeff, very good advice. i think what im supposed to take away from that is dont be stupid like me and wait too long for a stock to bounce back. Once its at -2%, its time to sell.

That made things a bit clearer, thanks. I'm wondering, when you are looking at charts for trends like that, how far back in time do you go? do you look at the chart of the past week, or the chart of the past 3 months, etc. I think i may want to try trading technically but i dont want to do...

its at 116, unbelievable. i sure hope there is some kind of bounce back. everyone makes some bad trades and i dont mind losing some money, but i dont want to sell at the bottom. however, its been steadily decreasing for a while and i still dont know what to do with it. i really would hate to...

Yea it is. I'm definately a beginner. I recently started and I'm just trying to learn as much as I can.

What about after the downgrade, if there is a dramatic drop then, would it be a definate play then? If so, how big of a drop should i wait for before jumping in? I also thought that since everyone is expecting downgrades, that it might already be factored into the price and there may not be a...

What the hell is going on with AAPL. I made a terrible move and bought it at $170. its under $120 now. I guess I'm just looking for advice on whether i should sell and lock in losses or wait for it to increase again. I'm leaning towards waiting, just for the simple fact that Apple is a solid...

I remember less than a year ago when ABK was at $90 a share. It's now trading around $8 a share. I know people are talking about how ABK and MBI are the devil and how we should all be staying away from them, but isnt it a steal at this price? Its a tough time right now for the bond insuring...

great point, i couldnt agree more.

I'm getting the impression from you guys that looking at charts and noticing trends are extremely important in trading but i've always heard NOT to look at charts or base any part of your decision on them. Have i heard wrong or am i simply misunderstanding most of the comments here?

I'm from NY. I live on Long Island but work in downtown NYC. (a few blocks from wall street, i just cant stay away :) )

Where can I learn more about detecting bullish trends? please let me know if there are any articles you know of. Are you saying that I should be buying a stock on the way up and then sell it as close to its peak as possible? Thats the impression im getting, but to be honest, i dont know...

I will definately look into that, thanks for the recommendation. I guess I still need to learn the technical terms because i don't exactly know what momo stocks are. good point, i guess i need to identify what kind of trader i am. i have no idea and im not sure how i would find out...

I'm a young college student and I've always been interested in the stock market and making the big bucks. I finally jumped in this September with a gigantic chunk of my money (probably nothing compared to what you guys deal with) but I figured I'd learn the game while not risking much...