Replies to post #5166 on Ambac Financial Group Inc (AMBC)

[Zilla]

Just read some stuff on the Y board about options expiring Monday and how they'd benefit if ABK was above a dollar and around 1.50 :-)
That would explain a lot. Don't know if that helps any when looking at the account.

[Entangled Proton]

I don't pay any attention to that. for every buy there's a sell. When looking at stocks like ABK, I look at the volume on various servers. One institutional sell can wipe out 5 Nasdaq buys. The volume pressure was obviously downwards yesterday. Yesterday was an institutional frenzy. I've already errased the data, but Institutions did over 500mil in trades as Nasdaq traders only accounted for about 100mil of the trading. Basically the Nasdaq traders got walked on by the Institutional traders.

IMO Today;
I would expect the institutional traders that haven't already left to be taking leave. We should see a lot of short covering and a bounce of about 50%.
It usually takes several days for a stock like ABK to calm down, but the institutional traders usually only get one day of playing before their sups tell them "back to work". Volume should take a big dive today.