Syncora Holdings Ltd. (fka SYCRF)

[InvestorPM]

Detroit will turn out to be a lot of noise...lots of smoke but basically a non-issue. Syncora may have to pay out slightly more than they have already reserved for but if so not much. The entire SWAP issue is going to slowly go away. My guess is the banks will not want to go to court to chase Syncora because they realize...just the banks did in the Jefferson County SWAPs that their hands are not clean.

On one hand I wish Syncora would just cancel the SWAP insurance but this might force the bank to take them to court. There must be a time limit as to how long the banks have to take action to try to collect on the SWAP insurance but I don't know how long that is.

There was a massive 500,000 + single trade the other day by someone who is not playing around. You don't put $1 million into a stock like this to get a 10% or even 25% return.

Would be nice to see the year-end operating sup....but in 2-3 weeks we should be getting the 1st quarter financials.