Wednesday, September 3, 2008

Who's Connie Lee? ~ Ambac Financial Group, Inc. (Public, NYSE:ABK)

Freddie Mac, Fannie Mae, ... Connie Lee?

ABK approved!

8.65 +1.58 (22.35%)

Our puts are worthless, almost.

By opening Connie Lee and receiving a triple-A rating from Moody's, Standard & Poor's and Fitch, Ambac Financial could essentially replace its current bond insurance business with a new, untainted one with a high rating likely to generate revenue.

p.s. The Cramer HOUSING BOTTOM is in??!! ... check HOV after hours ....hmmm..



p.s.s. kinda nice being out of HK yesterday, and watching it fall 8% more today... but very strange not seeing our HUGE Petrohawk position in the DIPfolio. CASH is KING!

4 comments:

jd said...

Ok you guys, got an awesome short for you all.

DFS

Credit cards will soon be hit HARD and Discover will should get it worse than some of the others. Discover cards are lame. Who uses those? People who are desperate for credit who can't get Amex cards. LOL

sara said...

what the deal with vlcm,,did not really do anything today , what the plan

jd said...

PS> Cramer is a giant idiot.

Scratch that, he's not an idiot but he is a propagandist and not to be taken seriously.

Troy said...

LOVE ABK. Loaded the boat last month with Calls. Sorry to go against the grain here. Closed out with 1,100% GAIN

I know HK is out of favor but its at 27.71
When is it a buy back?