Lottery Play On Abk

Discussion in 'Stocks' started by fencerd4, Mar 21, 2009.

  1. fencerd4


    Ambac (ABK) is probably one of the most volatile stock on the market. It got ran up from $1 to almost $10 in summer of last year and it popped from 36c to 1.2 the past two weeks. Today, it retraced from 1.2 to 70c. I bought 10k shares today at 75c and sold Jan 2010 $2.5 covered calls for 20c. Ackman is talking on Bloomberg atm, but fuck him.

    News came out today aftermarket. I believe this company will survive once mister I forgot to pay my taxes talk on Monday.