Ambac Financial Group Inc (AMBC): I feel the need to warn you guys (mainly...

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Bill Tarson

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Monday, 04/29/2013 1:04:35 PM

Monday, April 29, 2013 1:04:35 PM

I feel the need to warn you guys (mainly because halted money is money that hurts the market), that this thing is at extremely high risk for getting halted indefinitely and then sent to the grey sheet graveyard, never to be seen again.

Don't say I didn't warn you. I'm not even sure I want to intra-day trade this ugly thing.

Never bet against the IRS. This company is fried. I would not be the least bit surprised to see the L2 get cleared out today by a halt.

Good luck to all, and again, be very careful around this one. That is the worst news I've seen in a very long time for any company, penny stock or not. Worse than a promo, worse than BOPT shorting, worse than chapter 11. It's chapter 11 with the IRS out for blood. Effin' poisonous.

Just my prognosis. I've been wrong before, but I'd never bet against the IRS. They have an infallible and ruthless track record.

Stick a fork in this one.