Surprise, surprise AMBAC about to hit the pavement.

First their stock takes off after they report $2B in funny earnings by the new accounting standards and a few days after they indicate they can't meet their obligations and Chapter 11 is next on the horizon , their stock tanks. This is the kind of rally we have, fueled by funny stuff, what else is out there?


http://www.marketwat...related_stories

http://www.marketwat...related_stories

GS.

Edited by goldswinger, 10 November 2009 - 11:05 PM.

First their stock takes off after they report $2B in funny earnings by the new accounting standards and a few days after they indicate they can't meet their obligations and Chapter 11 is next on the horizon , their stock tanks. This is the kind of rally we have, fueled by funny stuff, what else is out there?


http://www.marketwat...related_stories

http://www.marketwat...related_stories

GS.

GS, this whole rally has been buy the rumour sell before the news is out.