Replies to post #5450 on Ambac Financial Group Inc (AMBC)

[f484]

I think in the worse case scenario, it will plummet to our previous high of .86. However, after Friday's close, we may have the moment 200 day SMA and then the 50 day SMA given the correct amounts of volume.

Curios though, I'm new to this stock and I'm wondering what the reason for drop is. I have not read any of the financials. Can anyone fill me in? Thanks in advance!