Replies to post #145 on Ambac Financial Group Inc (AMBC)

[FAILURE TO DELIVER]

Thanks for the reply.

Fishing for the bottom in this market right now is very challenging.It looks like the DOW wants to retest that 11700 level again and that makes me nervous right now about holding anything very long.

I was hoping earlier for a little general market help, which is what would be needed in my opinion to get a little short covering rally.Seems like they have little reason to cover right now judging by the recent action.

I understand your sentiment about averaging down,but my personal experience with the practice has not been good.
If you firmly believe the stock will ultimately recover,then I can see it as dollar cost averaging on a long term horizon.


What I do know is that I have no crystal ball, and boy do I wish I had one.Especially when it comes to knowing where this will be in 3-6 months.

Thanks again,and as always good luck.

FTD