Re: Ambac Trade Halt

Welcome To The Golden Minerals HUB On AGORACOM

Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

Reply New Message

Prev Message Back To Forum Threaded View Next Message

coach247

Rank: President [?]

Points: 18806 [?]

Votes: 252 Score: 4.2 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: Ambac Trade Halt

in response to

Ambac Trade Halt

vhf

posted on Mar 05, 2008 12:35PM

Hi Vhf!

That trading halt on ABK blew up all my shorts on the financials today. I was lucky to get out with my ass. Of course shortly after I covered, the news came out on the deal and its not all that bullish. So I put on a quick short on Citibank and made a bit of cash. But overall, the news is going to stay bad for a long time with the financials, and I plan to underwrite my buying of the mining stocks by shorting the hell out of those pigs. In fact, I believe AIG is short a lot of silver and they are going to be blown away, so I plan to start shorting that one next.