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Ambac ABK

Ambac Financial Group, Inc. (ABK) reports better then expected earnings today. Stock up 26% in pre market.

Ambac Financial Group, Inc. (NYSE: ABK) (Ambac) today announced third quarter 2009 net income of $2,188.3 million, or net income of $7.58 per diluted share. This compares to third quarter 2008 net loss of $2,431.2 million, or net loss of $8.45 on a per share basis. The third quarter 2009 results reflect significant unrealized mark-to-market gains in the credit derivatives portfolio and gains resulting from reinsurance cancellations during the quarter. In 2008, Ambac’s third quarter results reflected a significant negative net change in fair value of credit derivatives.

http://ir.ambac.com/phoenix.zhtml?c=80774&p=irol-newsArticle&am...

Tags: abk, ambac

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Permalink Reply by Savedbygrace on November 4, 2009 at 9:10am: How can you tell if this has been shorted alot?; ▶ Reply to This

Permalink Reply by Terry H on November 4, 2009 at 9:14am: Go to www.shortsqueeze.com or the exchange that it's listed on.; ▶ Reply to This

Permalink Reply by Savedbygrace on November 4, 2009 at 9:27am: Thanks Terry. So what is considered to be a "big" short interest?; ▶ Reply to This

Permalink Reply by WallStreet123 on November 4, 2009 at 10:46am: told you guys on a previous day to buy before earnings remember? had a feeling it was gunna be good; ▶ Reply to This

Permalink Reply by WallStreet123 on November 4, 2009 at 11:50am: why is this chatroom dead? abk is coming back to life and no one is talking on this board... seriously?; ▶ Reply to This

Permalink Reply by Fris on November 4, 2009 at 11:53am: i agree. ABK actually post a profit compare to last year loss. it should start to go back up.; ▶ Reply to This

Permalink Reply by Savedbygrace on November 4, 2009 at 12:25pm: ABK hasn't moved really since this morning. I'm not an expert, that's why I was asking about it being shorted. Is that what it means when there is volume, but the price isn't going up? I've lost enough money on stocks that should have gone up, but didn't from being shorted. Trying to learn how that works.; ▶ Reply to This

Permalink Reply by Terry H on November 4, 2009 at 12:54pm: I think people are waiting for the FOMC decision. That's why no one's around. I'm going out now, too.; ▶ Reply to This

Permalink Reply by Stocks To Buy on November 4, 2009 at 2:37pm: I'm watching for a break up through $1.62....high of day. The Fed decision statement seems to be so so, looks like its not having any effect on the market but the volume is higher now; ▶ Reply to This