Replies to post #716 on Ambac Financial Group Inc (AMBC)

[uhlmant]

Cool.

I started getting into ABK in the 7's on the way down. Bought some 6's, 5's, sat out 4s and 3s. Bought in big in the 1's.
Sold the 1's, riding some nice free shares. Used a lot of the profit from the $1 to $5 run to buy options. Much more leverage. Why spend 500 bucks for a hundred shares when you could have gotten 20 7.5FEBCALL contracts for the same price. Its all about leverage. I love OPTIONS

[uhlmant]

Ps...i'll take a look at bcnd if you take a look at cbay.