Replies to post #4839 on Ambac Financial Group Inc (AMBC)

[Seti03]

First i am a recent buyer of Ambac...bought afew wks ago at.79 cents, after having it on my watch list for over a year I took the plunge in the nick of time. So congrats to me and to all the longs on this forum, this stock has only one way to go ...and its up...and i am not pumping, just do the real DD thing.

Now I very seldom post on IHUB, though i am a dues paying member and do visit frequently...great site.

So here is why i'm really posting at the moment in response to the person who made this post.

I'm not sure what planet your living on but when I got up this morning GM was still in business and the financial world seems to be meadering back from the brink of extinction. And, yes, its all thanks to the federal government and our tax dollars.

People have a right to their own opinion of course...but you don't have a right to your own reality...

position: long ABK. I'm no expert but i see this stock at over $2 by the end of next week...and i'm low balling it. LOL..and congrats to all again who were on the right side.

[rolo731]

I don't think that ABK has received any money from the govt. You must be thinking of the Big Banks that screwed everybody and STILL got TARP money so they wouldn't go under.......

[americano]

ABK Train has only just left the station, this is a huge turn around play, a load of risk has been removed although there is still risk in everything. Like a huge market collapse.

Futures looking very green here.