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Holy Short-Squeeze, Batman! Posted on 04/12/10 at 11:04am by Michael J. Zerinskas Ambac Financial Group (NYSE: ABK) reported that they swung to a Q4 profit Friday, and the shares jumped 70% in reaction; yes, you read that right, 70%. What is even more baffling is that that action is continuing this morning with the shares up ANOTHER 50% today. The stock is currently trading $1.63. Options are heating up across the board. The April and May $1.00, 1.50, & 2.00 options are trading heavily, much of the action above open interest. Options buying is trickling into August and November as well. From a technical perspective, Ambac Financial Group comes into resistance around $2.00, which it may reach be the end of the day the way this thing has been trading. Tread carefully here; you better be fast to play this game. The put/call ratio is currently 0.15, signaling bullish options buying with conviction. http://www.benzinga.com/trading-ideas/technicals/218082/holy… |
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| aus der Diskussion: | AMBAC REBOUND- Ratings, Analysen, Charts, News |
| Autor (Datum des Eintrages): | Aktientitan (12.04.10 18:05:12) |
| Beitrag: | 58 von 133 (ID:39317089) |
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