Ambac Becomes Crack for Traders (ABK)

Posted in Uncategorized 
April 13th, 2010

Ambac Financial Group, Inc. (NYSE: ABK) is continuing its run on the heels of last week’s profit after factoring in items.  This had a huge run on Friday on the news, but this reached a silly level yesterday after a 100% rally on top of huge gains seen Friday.  Yet here we are… Shares are up over 26% at $2.85 this morning at 8:25 AM EST with almost 8 million shares having traded hands.

This stock traded 196 million shares on Friday and over 400 million shares on Monday.

JON OGG

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