So everything is not lost from pre BK?
Awesome!!!!

Are my ABK shares still worth anything?

Well put!!! If we look at the history of ABK, everytime we hit a new 52week low.............It hits back hard!!!!!!

50's to 3.30's comes to mind!!!

IMHO
GLTY

What up nu-b?
One day she will come back.............
Remember the good old days of 7-8 cents? WTF


Stewi sucks!!!!

Nice close at HOD!!!
Not bad for a company going BK!!!!! BBWWWAAAAAAAAAHHHHHH.

Let's see what monday brings.............................

I think we will run again in the last hour!!!!!!
77million short!!!!!
COVER!!!
IMHO

Some long weekend news would be nice! IMHO!!!!!!
These big blocks must be going through for a reason!!!IMHO!!

The share holder meeting will shine a light on whats to come....IMHO

Massive manipulation on news we already knew from monday!!!LOL
IMHO

We only lost 195mill or $.68 per share!!!!
I think we are laughing at these prices...............

SOOOOOO many Bashers makes for a great outcome!

IMHO something is up..

Low volume = no sellers!!! A little news would make this thing turn up!

Wake up peeps, look at PRE.....Kaboom!!!!!
Set your sell orders high........time for shorts to burn!!!!!

NEWS!!!!!!!!!!

NEW YORK, Dec 2 (Reuters) - Standard & Poor's on Wednesday raised its counterparty credit rating on Ambac Assurance Corp, citing an improved financial position.
The rating for Ambac Assurance, the bond insurance unit of Ambac Financial Group <ABK.N>, was raised to CC, 10 levels below investment grade, from "selective default," S&P said.
"The developing outlook reflects our view that Ambac's financial position has improved, but that the potential for regulatory intervention remains high," S&P said.
New York-based Ambac, once the No. 2 U.S. bond insurer after larger rival MBIA Inc <MBI.N>, has struggled to write new business since large losses and the loss of its top-notch credit ratings last year.
S&P also affirmed its CC financial strength rating on Ambac and removed the rating from CreditWatch, where it was placed with positive implications on Nov. 18. (Reporting by Walden Siew; Editing by Leslie Adler) ((walden.siew@thomsonreuters.com; +1-646-223-6333; Reuters Messaging: walden.siew.reuters.com@reuters.net))

NEWS!!!!!!! See link...
http://www.bondbuyer.com/issues/118_227/ambac-bankruptcy-1004284-1.html

S&P upgrade coming for ABK?????????

Last headline was 4:04:42 AM EST
Thursday, November 19, 2009
Media Digest 11/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
4:04:42 AM | 24/7 Wall Street



Ambac (NYSE:ABK) announced a capital surplus increase.

Yo, yo.......95 and burnt...and drunk!!!!!!!!
WTF is going on????????
We livin, or diein??????
What happened?????
Im in the dark and no time to read in MEXICO!!!!!!!!

Shart Sqeeze!!! LOL.............too funny.

This is going to get very interesting!!!!!!!!http://www.cnbc.com/id/33052717

Fund Neverspan?
Hell, the ratings can only get better!
Moody's is screwed for what they did. IMHO.
Funny that Warren B's AGO is doing well!!!!!!!!!!

I'm not sayin..........but???????

http://www.cnbc.com/id/33021738

NEWS!!!!

http://www.reuters.com/article/ousivMolt/idUSTRE58O54C20090925

Cheappppppp LOL............Heapppppppppp!!!!

MBA Seeking to Transform Fannie, Freddie: Report
Published: Wednesday, 2 Sep 2009 | 4:42 AM ET Text Size By: Reuters
The U.S. Mortgage Bankers Association will call on Congress to transform U.S. government-controlled mortgage lenders Fannie Mae, Freddie Mac into several smaller privately held companies that would issue mortgage securities with a government guarantee, the Wall Street Journal reported.


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The proposed framework, to be released Wednesday by the industry group, would give successor entities to Fannie Mae [FNM 1.59 -0.34 (-17.62%) ] and Freddie Mac [FRE 1.90 -0.39 (-17.03%) ] authority to create securities backed by certain types of mortgage, the paper said.

According to the paper, the new companies would guarantee the securities against defaults on underlying mortgages and pay fees into a federal insurance fund, which would guarantee interest and principal payments to bondholders if the companies were unable to make them.

"If we're going to restore and maintain investor confidence and...consistent liquidity, that is going to require an explicit backstop," John Courson, chief executive and president of the MBA, told the paper.


CNBC
--------------------------------------------------------------------------------


The WSJ said the MBA's plan called for government agencies, rather than the new companies, to assume the "mission" of promoting affordable housing that Congress has long assigned to Fannie and Freddie.

The new companies also would not be allowed to hold large amounts of mortgages and securities under the proposal, the paper said.

Fannie Mae and Freddie Mac were not available for comment.

Slideshow: World's Most Expensive Streets
Copyright 2009 Reuters. Click for restrictions.

Waiting for our 11am bounce!!!!!!
Man these guys are having a great MM battle......

Market Edge UPGRADE for ABK 8/31/09

Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Strong Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is rising which is Bullish.

AGO will be downgraded!
Watch us fly............

I hate to say this again....but!
Look at FNM Chart in comparison to ABK...........they follow the the same line!!!

$2.12 coming.

$2.00 Pre!!!!!

I like today very much!!!!!!!WWWWWWWWWWWWWWWWWEEEEEEEEEEEEEEE
AH is going to be interesting!!!!!!
Bust through $2.09............BAMMMMM

We will do whatever FNM does 100%!
$2.00 push on its way.
Chart to chart it's a no brainer

All in my HO............

Bullish technical alerts issued .....(ABK) Aug 25, 2009 (SmarTrend(R) Spotlight via COMTEX) ----Ambac Financial (NYSE:ABK) is trading 9% higher (up $0.11 to $1.33) today on volume of 9,878,125 shares. The stock has traded within a 52-week range of $0.35 and $10.08.

Ambac Financial is currently above its 50-day moving average of $0.99 and above its 200-day moving average of $1.11, we're currently monitoring Ambac (ABK) for an upside
breakout through it's $1.51 200 day EMA.

SmarTrend is bullish on shares of ABK and our subscribers received an Uptrend alert on April 16, 2009 at $1.08, which has returned 23.2% to date.

Write to Chip Brian at cbrian@tradethetrend.com

looks like we gap big out of the gate!!!

Bring on the 3 billion coming to Ambac WWWWWWWWWWWWWWWWWWWWWEEEEEEEEEEEEEEEEEEE!!!

JPMorgan moves to 'overweight' risky subprime RMBS
Mon Aug 24, 2009 2:58pm EDT

NEW YORK, Aug 24 (Reuters) - JPMorgan Securities gave securities backed by the riskiest mortgage assets a thumbs up on Monday and moved to an 'overweight' on subprime securities amid signs the ailing economy and housing market are turning the corner.
"Overwhelmingly, positive supply-demand conditions and the growing body of evidence that economic recovery and improvement in housing is underway," led to the bullish move, said Chris Flanagan, JPMorgan analyst in a report...............

The investment firm turned 'overweight' on the securities that once wreaked havoc on investors and led to billions of dollars in writedowns at banks for the second time in nine months............

The news led to a rally in both cash subprime mortgage securities and those tied to the ABX derivatives index.

While volatility will no doubt be part of the landscape going forward, the analyst said the trend to lower yields and generalized yield convergence is expected to continue.

Recent selloffs have provided attractive entry points for investors.
"Risky asset yields continue to decline from crisis levels as economic recovery takes hold.
ABX and subprime will be last responders, but they will eventually follow suit. We continue to look for yield declines of 300 to 600 basis points for assets currently yielding 10 percent and above," said Flanagan.
http://www.reuters.com/article/bondsNews...

http://www.stocktargets.com/cgi-bin/ticker.pl?command=abk

"Buried in ABK's Quarterly Report was the announcement of its recent acquisition of NSM Capital Management, which I believe will provide an avenue of new business for ABK. "

From another board!!!!

http://www.nsmcapital.com/our-people.htm

Hey nub!
Back in ABK after the CC slide?

Ambac sues Citi, Credit Suisse over CDO dealBy: AFX | 07 Aug 2009 | 04:09 PM ET Text Size NEW YORK, Aug 7 (Reuters) - Ambac Financial Group Inc is suing Citigroup Inc and Credit Suisse Group , alleging the companies misrepresented the risks of mortgage-backed assets in a deal Ambac insured. The lawsuit, filed in New York State Supreme Court on Monday, seeks to void $2 billion in some of the credit default swap protection Ambac wrote on risky residential mortgages in a deal originated by Citigroup, or be awarded damages for losses. Ambac sold the protection to Citigroup through a collateralized debt obligation named Ridgeway Court Funding II in June 2007. Credit Suisse Alternative Capital, part of Credit Suisse Group, managed the selection of assets in the CDO. "We believe this suit is without merit and will defend ourselves vigorously," said Citigroup spokeswoman Danielle Romero-Apsilos. Credit Suisse did not immediately respond to a request for comment. In the complaint, Ambac accused Citigroup of using the CDO as a means of dumping risky assets the bank had failed to sell, knowing that the value of the securities was in steep decline. Credit Suisse, in turn, allowed Citigroup to dump toxic assets in the portfolio in order to generate management fees and win favor from the bank.

Credit Suisse managed about $6 billion in volume in Citigroup CDO deals, or about 50 percent of that business at Credit Suisse, Ambac said in the complaint. Credit Suisse "allowed Citigroup to hijack the portfolio for the purpose of dumping leftovers from Citigroup's prior CDO and residential mortgage backed securities offerings that it had been unable to sell," Ambac said. (Reporting by Karen Brettell; Editing by Padraic Cassidy) Keywords: AMBAC LAWSUIT/CITIGROUP (karen.brettell@thomsonreuters.com; +1 646 223 6274; Reuters Messaging: karen.brettell.reuters.com@reuters.net ) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved.

The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.

http://blogs.wsj.com/marketbeat/2009/08/06/more-strange-doings-in-financials-including-ambac/#mod=yahoo_hs

NEWS: Quinn Emanuel Files Billion-Dollar Suit for Ambac against Citi and Credit Suisse

Here's the link:

http://www.law.com/jsp/tal/digestTAL.jsp?id=1202432804989&Quinn_Emanuel_Files_BillionDollar_Suit_for_Ambac_against_Citi_and_Credit_Suisse

Almost 1mill AH!!! MBIA had positive numbers...NICE!