ABK, worthwhile investment?

Egodude · Feb 22, 2008

ABK is definitely a tradeable stock. Its volatile and thats all you need. I'd try to stay to the short side though.

Mvic · Feb 22, 2008

Don't forget about Moody's deadline for reviewing the bond insurers by the end of Feb. Who knows what they are going to say but judging by how their acting today it might not be good. Could be downgrades coming.

IzzyfoShizzy · Feb 22, 2008

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.

makloda · Feb 22, 2008

Quote from IzzyfoShizzy:
it seems to be an extremely volatile stock, where you can probably make a decent profit in a short amount of time.

So was Enron. Not sure why anyone would want to touch a stock that's down 90%.

pumpanddumper · Feb 22, 2008

They are taking the bait into the CNBC pump and covering on another baillout pump....run it and dump it.

IzzyfoShizzy · Feb 22, 2008

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.

pumpanddumper · Feb 22, 2008

GO whore GO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

I am dumping on someone's ass soon

IzzyfoShizzy · Feb 22, 2008

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.

pumpanddumper · Feb 22, 2008

02/22/2008 15:21:46 Bought 5000 ABK @ 8.35 -$41,750

02/22/2008 15:47:34 Sold 5000 @10.20 $51,000

Now get the FFFFFFFF OUT!!!!!!!!!

Pump and dump!!!!!!!!!!!!!!!!

No deal by Monday!!!!!!!

You take the chance of getting bagged

pumpanddumper · Feb 22, 2008

Quote from IzzyfoShizzy:

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.

Negative ghostrider...Leave that for the gamblers and hopefuls.

Look at all the old bagholder GTC stops get taken out between $10-$11. This was like CFC.