Ambac Financial Group Inc (AMBC)

[FAILURE TO DELIVER]

I decided to play some defense.
I sold 6K of my 12K position at 2.22 when the stock settled in the low 20s but refused to regain any momentum.This is a small profit, but it allows me more flexibility with the 6K I have left. If the stock regains its footing,then I still have plenty of shares to make money with.If on the other hand, the stock retraces back to 2.00,I'll be in a position to consider a buy back.

In order to try for the double,I would have needed more space from the strike price to operate from.It wasn't in the cards,so I play the hand that's dealt to me.

Everyone has their own style of trading or investing.

Here's to making some $$$$ Good luck invisible.


FTD