Ambac

[arabianights]

I'm very tempted to punt a bit on there being a good recovery by June. I'm not willing to risk £650 or whatever it is atm to buy at £1 pp, but am considering buying a call through IG at a strike of around 15 or 20 if they give me a decent quote.

Thoughts?

 

[Rhody Trader]

One of the things that got bandied about here is that maybe Ackman used the stock sale to cover his big short position. If that's the case, then the short base just took a big hit. There is, of course, no news or any kind of word on that sort of thing. Just something to ponder.