Ambac Financial Group Inc (AMBC)

[Zilla]

Yes they have an opportunity to not only survive, but thrive. However I've flipped this one so many times that it has become my pattern. They need to generate more cash by dillution and then get upgraded and then write new business. (not in the morgage industry)
Next quarter will have all the Wisconsin changes and if it runs til then, I'd say sell before the news. However if it retraces before then I might buy back in, but at 2.00 I'll just watch and see what happens. Once Cramer and the street change their view of it, I'd run for the hills. They've always been down on ABK and once they PUMP it the PRO's will sell to the new retail investors.
Good job to all the LONGS who held strong. Like Aharfo said, it's too volitile for me. Luckily no delisting now.

Oh yeah and BURN SHORTY BURN (LOL)