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If the paint does eventually dry, it will shoot up fast and you very well may miss the boat (and not pull the trigger thinking the price is now too high). Just saying.
Yahoo has a book value of 1.02 for sycrf. Anyone have any idea how accurate that is?
Possible if we keep drifting down in weak volume. Thinking of rebuilding my position, especially at those levels. Started adding yet snowball?
Welcome to my pity party: Guess it's more of the same: stock continues to dwindle on low volume as Legg Mason unwinds its position. What happened to that shareholder value Syncora talked about ...
Syncora Holdings Ltd. Announces Posting of Quarterly Statutory Statements and Second Quarter 2015 Operating Supplement for Syncora Guarantee Inc. and Syncora Capital Assurance Inc. Comments?
Latest:
XL.GQ.FINRA SECURITY CAP ASSURN LTD 6/30/2015 42.50
I see that, nice! Thanks for posting. Any thoughts about the big move in MBIA today?
Totally agree with you guys: management needs to step up to the plate with some positives. It's not fun watching the stock dwindle down in price day after day on low volume with no one defending it. The value side of me is starting to wake up though :)
M12722165868065.MUNI.FINRA PUERTO RICO COMWLTH 7/21/2015 16:11:00
74.13 +1.13 1.54%
Andrea Manea, CFA ?@andrea_manea 2h2 hours ago
#Prepa & bond insurers tentatively agreed on a proposal for how to alter the terms of its securities. $MBI $SYCRF http://www.bloomberg.com/news/articles/2015-06-30/puerto-rico-utility-said-near-deal-to-avert-bond-payment-default …
Thanks for the info, Denny!
Andrea Manea, CFA ?@andrea_manea 1h1 hour ago
series A preferred is still listed at $246M - incorrect, we know from the SEC filing it should be $165 mill --> common equity of 139M $SYCRF
24. Subsequent Events
In February 2015, the Company’s subsidiary, SGI, was transferred 84,584 preferred shares of the Company from Bank of
America Corp. in connection with the Company's previously reported 2012 settlement of RMBS-related claims and other claims with
Countrywide, Bank of America Corp. and affiliates thereof.
Syncora Holdings Ltd. Announces 2014 GAAP Financial Results
http://phx.corporate-ir.net/phoenix.zhtml?c=198015&p=irol-newsArticle&ID=2041909
Perhaps that is why we have been moving up on weak volume by retail. Have you been buying? I picked up just a little, little bit more a while back.
Guess guy that had been selling was too busy selling other stuff today :) Volume was pretty low. Hope he is out of shares, or perhaps he drove the price down to load the boat.
Hey Denny, you like or own mbi at current levels.
Morgan Stanley in $2.6 Billion Mortgage Settlement
The New York Times 07:15 PM ET February 25, 2015
Morgan Stanley said on Wednesday that it had reached a $2.6 billion settlement with the Justice Department over the sale of mortgage securities before the financial crisis. Compared with other Wall Street banks, Morgan Stanley was responsible for a smaller volume of securities backed by troubled mortgages, the investments at the heart of the settlements.
Thanks for the info, Denny!
Ambac sues Bank of America over Countrywide mortgage bonds
http://finance.yahoo.com/news/ambac-sues-bank-america-over-163731317.html
Thanks for posting! That explains why an otc stock such as eltp has a great deal of daily short volume but its short ratio is just 1...
http://otcshortreport.com/index.php?index=eltp&action=view#.VBJkDtLETai
Thanks for posting! That explains why an otc stock such as eltp has a great deal of daily short volume but its short ratio is just 1...
http://otcshortreport.com/index.php?index=eltp&action=view#.VBJkDtLETai
It could be that folks that had bought at these levels are taking advantage of the high volume to "get their money back." Once the overhead supply is worked through, hopefully the pps moves substantially higher!
For the equity, there is still some overhead supply to work through. Need to pop above about 2.48 on strong volume and then it maybe off to the races IMHO; thanks for all the info today everyone!
Nice to see us up on decent volume... hopefully we are in the process of building the right side of a base!
Syncora Holdings Ltd. Announces Posting of Quarterly Statements for Syncora Guarantee Inc. and Syncora Capital Assurance Inc.
NEW YORK, Aug. 20, 2014 /PRNewswire/ -- Syncora Holdings Ltd. has announced that it has posted to its website at www.syncora.com, quarterly statements as of June 30, 2014 for each of Syncora Guarantee Inc. and Syncora Capital Assurance Inc.
Chart looks primed for a breakout. Now we need some strong volume to kick in.
Automakers pledge $26 million to save Detroit's art
http://money.cnn.com/2014/06/09/news/detroit-automaker-art/
It is almost inevitable: you buy and it falls, you don't buy and it goes up!
mbi is up after hours after reporting earnings; ambac is flat.
If it can break above about 2.37 on strong volume, perhaps it will be off to the races. The base looks somewhat like a double bottom but not perfect. My two cents worth since I can't contribute much on the business side of things.
Nathan Bomey ?@NathanBomey 46m
One source tells me the stock market's surge over the last 18 months helped improve Detroit pension fund health and thus lower pension cuts.
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rubicon59 ?@rubicon59 2m
@NathanBomey @andrea_manea They should invest in $SYCRF and $AMBC stocks and all will be ok
Thanks for the response!
Knowledgeable sycrf posters, any comments about this tweet? Is it possible?
Alex Ryer ?@alex_ryer 4h
GreenPoint could be bigger RMBS putback settlement for $SYCRF than Countrywide $BAC or EMC $JPM was! http://iapps.courts.state.ny.us/iscroll/SQLData.jsp?IndexNo=600352-2009
As a holder of sycrf for the last couple of years (after hearing of it from the yahoo mbi board - thanks hose!), I too am very pleased on how management has handled the news of the settlement this time around. I guess you live and learn.
Looks like from the chart we should see pretty decent support at about .09. Let's see.
Thanks for posting. I am supposed to get alerts from Syncora but did not. But anyway, I too would be interested in people's feedback, but judging by the action in the stock today, it looks to be bullish.
Thanks for posting and all the DD!
Thanks for posting Irish!