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Post# of 4976108
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Saturday, 11/22/2008 2:12:18 PM

Saturday, November 22, 2008 2:12:18 PM

Post# of 4976108

ABK possibly setting up for a very nice run here imo for these reasons. Last weeks news Ambac commutes $3.5 Billion in CDO exposure. http://biz.yahoo.com/ap/081119/ambac_transactions.html?.v=1
The chart seems to be following very close to the same pattern of the last crash and back up very nicely.
http://stockcharts.com/h-sc/ui?s=abk
TARP finaly applied for.
http://www.ambac.com/pdfs/ABK_TARP_111908.pdf
Ambac's disclosure on Collateralized Debt Obligations of Asset-backed Securities
http://www.ambac.com/pdfs/CDO.pdf
SEC to hold international session on short selling .
http://www.marketwatch.com/news/story/sec-conduct-international-meeting-regulating/story.aspx?guid=%7BE3FBE99B%2DE12F%2D4BEF%2D9182%2D4DBEC49A6D95%7D&dist=msr_2
I feel that we have been extremely manipulated by the shorts over the past few days but with all of the new developments listed above i think that we are in for a huge short squeeze.
Hold your shares tight!!!! Don't let them shake you out as i really believe that we could possiby and easily see 3.00 + very soon. Good luck to all of us.
All of this is jmo of course.
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