Volume Spike Investor

We updated the major short interest changes on some of the most active cult stocks that are from listed penny stocks and low priced stocks based on June 15 settlement date changes from May 28.  Stock tickers are as follows: ALU, ABK, BBI, BGP, BRCD, C, DRYS, FRE, FNM, NOK, PALM, PMI, BPOP, RAD, SIRI, [...]

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 [...]

Ambac Financial Group, Inc. (NYSE: ABK) soared last night in after-hours trading by about 50%.  The troubled financial guaranty company said that its Q4 net income was $558.1M, or $1.93 a share, up from a huge loss a year ago, driven by a $472 million tax benefit and from lower loss expenses.  Its total net [...]

Ambac Financial Group, Inc. (NYSE: ABK) is down on two bits of news.  The Wisconsin insurance commissioner filed a petition and plans rehabilitation for segregated account of Ambac Assurance; more importantly, there are headlines that it may seek bankruptcy protection (has been reported before).  Shares are down 22% at $0.62 on 3.4 million shares as [...]

LM Ericsson Telephone Co. (ERIC) is down almost 3% at $10.97 on over 100,000 shares as of 8:35 AM EST.  The stock was downgraded at BofA/ML and at Goldman Sachs.  The 52-week range is $7.62 to $11.33 and the average volume is over 6 million shares. CIT Group, Inc. (NYSE: CIT) is trading up despite [...]

The US House of Representatives has passed the in a vote of passed 223 ‘for’ to 202 ‘against’ the passage.  What is interesting is that we are seeing a sharp run today in some of the key players, but the ‘volume spikes’ are actually more ‘price spikes’ because the volume is low: Fannie Mae (NYSE: [...]

Ambac Financial Group Inc. (NYSE: ABK) is soaring this morning in pre-market trading on an S&P upgrade.  The rating was raised to a still dismal “CC.”  Still, anything is better than nothing, particularly when we listed this one as a brand which is likely to disappear in 2010.  Shares are up 18% at $0.96 on [...]

MBIA Inc. (NYSE: MBI) turns out that being in a bad bond insurance business is not good like it was for rival Ambac (ABK) last week.  It posted a lower third-quarter loss, due to a benefit from narrowing credit spreads, of $727.8 million, or -$3.50 EPS.  The company further noted that its incurred losses in [...]

MBIA Inc. (NYSE: MBI) is trading 9,900 calls and 1,804 puts ahead of earnings tonight with ISE Sentiment indicating that the offer side buying in the November $5 calls is mostly new opening buyers, as 7,000 trade against OI of 9,700.  Implied volatility is also jumping 8% to 132 % on the day.  Shares of [...]

Ambac Financial Group, Inc. (NYSE: ABK) reported net income of $2.188 billion, or $7.58 EPS over last year’s net loss of $2.43 billion or -$8.45 EPS.  Obviously this figure reflect significant unrealized mark-to-market gains.  The gains listed were in the credit derivatives portfolio and from reinsurance cancellations during the quarter.  Net premiums earned for the [...]