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briansol · 08-02-2008, 10:26 PM

well, in doing some reading, everyone jumped ship and went over to ambac
ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance

i bought in about 90 shares just before the buzzer

we'll see what happens on monday

getnick · 08-03-2008, 08:19 PM

where did you buy it at?

briansol · 08-04-2008, 05:35 PM

got in a 3.86

currently at 4.04 real time

briansol · 08-05-2008, 05:50 PM

BUY BUY BUY

ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance

earnings tomorrow morning

almost $5 already today...

getnick · 08-05-2008, 05:59 PM

i'll add this to my watch list. we'll see what happens.

briansol · 08-05-2008, 06:02 PM

i just threw another 80 shares into my roth.

getnick · 08-05-2008, 06:04 PM

eh, roth?

if i was as committed as you, i would get about 2000 shares in an outside account.

briansol · 08-05-2008, 06:19 PM

my roth ira and my simple ira (401k wanna be) are the only 2 accounts i have.

they are free/open, no limits just like a normal free trade account.

my options are to keep it in cash reserves (making ~2%) or to play stocks.
i'm playing stocks.

i'm young... i can afford a loss.
even in this bear market, i'm doing pretty good.

since april, i'm up 8% in my roth
my simple isn't that hot simple because i made some stupid buys when i first started... down 21%. BUT, 50% of my simple is employer match... so, i'm still technically up 30% on my own money.

getnick · 08-05-2008, 06:22 PM

you should have a more conservative retirement account and an individual account at fidelity where you can incur 100% loss and not be worried. the problem with being tied up in retirement, you are penalized if you want to withdraw.

if you have a separate account, if you hit something big and have a $20k gain, you can pull it out and pay off bills instead of living strictly off of income assets.

briansol · 08-05-2008, 06:30 PM

yes, i realize that.

but at the same time, i don't want to pull it out.

If i have 20k, i'll sell and it goes back into cash reserves until i buy something else with it.

at my age, its time to get a solid base for retirement.
if i do well, i could theoretically stop funding my accounts by the time i'm 30-35.

then, i can play.

getnick · 08-05-2008, 06:34 PM

i guess you are set a little different than i am. you already have a house and all that shit. you don't have to worry about a wedding or school loans. when something big comes up that you want, try to pay cash for it instead of adding debt.

briansol · 08-05-2008, 07:35 PM

i really don't have any debt.

sure, i have the mortgage, the car payment and the truck payment...

but otherwise, i don't owe anyone anything.

I have a little on my credit card because i just bought a pellet stove for the house (which, long term will cut my fuel costs by 70% over oil) so i have 5k outstanding this month.
but, that will be paid for probably before i even use it.

Wedding... lol yeah right. the odds of me getting married are slim to none.
school loans.... i dropped out. haha

getnick · 08-05-2008, 07:59 PM

are you going to replace the fireplace that is already there and remodel around it? that brick is an eyesore.

briansol · 08-05-2008, 08:24 PM

it's an insert.. it will look something like this:

(stock photo)

getnick · 08-05-2008, 09:29 PM

ah, i see. i think it would be a good time to renovate it. get some new rock/brick and get a clean carpet. is there any wood/coal stains on the floor?

briansol · 08-06-2008, 04:43 AM

naw, it was barely used at all.

i'm not touching the carpet yet... its pretty much one piece for the entire living room, stairs, and 3 bedrooms.

I want to do hardwood downstairs eventually.

thats my living room where this is going

getnick · 08-06-2008, 03:35 PM

hardwood would be nice. what do you think about that wallpaper in the kitchen?

briansol · 08-06-2008, 05:04 PM

it's coming down. haven't had much time to do anything with the house this year. been busy with stuff.

on topic, i'm up 34% in just 2 days on Ambac

briansol · 08-06-2008, 05:27 PM

Ambac Shares Rise on Profit Surprise - TheStreet.com

briansol · 08-06-2008, 05:27 PM

told ya to buy

i do know what i'm doing from time to time. hahah

getnick · 08-06-2008, 05:34 PM

yeah, it's had quite a nice jump.

briansol · 08-07-2008, 06:22 AM

43.32%

damn.

2.5 days, 43%.

i so wish i dumped 100 grand into this...

imagine making 40 grand in 2 days? haha

instead i made 200 bucks

lol

after hours is up 4 more cents too. haha

5.85 close, 5.89 afterhours.

going to $7 tomorrow???? that's the rumor

briansol · 08-07-2008, 06:38 AM

getnick · 08-07-2008, 03:21 PM

it's down .20 today. wish i had a 100k too.

too bad i don't have a shitload of money in any form.

on a side note, i wonder why it crash from $70 less than a year ago.

getnick · 08-07-2008, 07:38 PM

hope you sold this. dumped $1 today.

08-02-2008, 10:26 PM	#1 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	Ambac (ABK) well, in doing some reading, everyone jumped ship and went over to ambac ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance i bought in about 90 shares just before the buzzer we'll see what happens on monday

08-03-2008, 08:19 PM	#2 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	where did you buy it at?

08-04-2008, 05:35 PM	#3 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	got in a 3.86 currently at 4.04 real time

08-05-2008, 05:50 PM	#4 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	BUY BUY BUY ABK: Summary for Ambac Financial Group, Inc. - Yahoo! Finance earnings tomorrow morning almost $5 already today...

08-05-2008, 05:59 PM	#5 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	i'll add this to my watch list. we'll see what happens.

08-05-2008, 06:02 PM	#6 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	i just threw another 80 shares into my roth.

08-05-2008, 06:04 PM	#7 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	eh, roth? if i was as committed as you, i would get about 2000 shares in an outside account.

08-05-2008, 06:19 PM	#8 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	my roth ira and my simple ira (401k wanna be) are the only 2 accounts i have. they are free/open, no limits just like a normal free trade account. my options are to keep it in cash reserves (making ~2%) or to play stocks. i'm playing stocks. i'm young... i can afford a loss. even in this bear market, i'm doing pretty good. since april, i'm up 8% in my roth my simple isn't that hot simple because i made some stupid buys when i first started... down 21%. BUT, 50% of my simple is employer match... so, i'm still technically up 30% on my own money.

08-05-2008, 06:22 PM	#9 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	you should have a more conservative retirement account and an individual account at fidelity where you can incur 100% loss and not be worried. the problem with being tied up in retirement, you are penalized if you want to withdraw. if you have a separate account, if you hit something big and have a $20k gain, you can pull it out and pay off bills instead of living strictly off of income assets.

08-05-2008, 06:30 PM	#10 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	yes, i realize that. but at the same time, i don't want to pull it out. If i have 20k, i'll sell and it goes back into cash reserves until i buy something else with it. at my age, its time to get a solid base for retirement. if i do well, i could theoretically stop funding my accounts by the time i'm 30-35. then, i can play.

08-05-2008, 06:34 PM	#11 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	i guess you are set a little different than i am. you already have a house and all that shit. you don't have to worry about a wedding or school loans. when something big comes up that you want, try to pay cash for it instead of adding debt.

08-05-2008, 07:35 PM	#12 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	i really don't have any debt. sure, i have the mortgage, the car payment and the truck payment... but otherwise, i don't owe anyone anything. I have a little on my credit card because i just bought a pellet stove for the house (which, long term will cut my fuel costs by 70% over oil) so i have 5k outstanding this month. but, that will be paid for probably before i even use it. Wedding... lol yeah right. the odds of me getting married are slim to none. school loans.... i dropped out. haha

08-05-2008, 07:59 PM	#13 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	are you going to replace the fireplace that is already there and remodel around it? that brick is an eyesore.

08-05-2008, 08:24 PM	#14 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	it's an insert.. it will look something like this: (stock photo)

08-05-2008, 09:29 PM	#15 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	ah, i see. i think it would be a good time to renovate it. get some new rock/brick and get a clean carpet. is there any wood/coal stains on the floor?

08-06-2008, 04:43 AM	#16 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	naw, it was barely used at all. i'm not touching the carpet yet... its pretty much one piece for the entire living room, stairs, and 3 bedrooms. I want to do hardwood downstairs eventually. thats my living room where this is going

08-06-2008, 03:35 PM	#17 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	hardwood would be nice. what do you think about that wallpaper in the kitchen?

08-06-2008, 05:04 PM	#18 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	it's coming down. haven't had much time to do anything with the house this year. been busy with stuff. on topic, i'm up 34% in just 2 days on Ambac

08-06-2008, 05:27 PM	#19 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	Ambac Shares Rise on Profit Surprise - TheStreet.com

08-06-2008, 05:27 PM	#20 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	told ya to buy i do know what i'm doing from time to time. hahah

08-06-2008, 05:34 PM	#21 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	yeah, it's had quite a nice jump.

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08-07-2008, 06:22 AM	#22 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10	43.32% damn. 2.5 days, 43%. i so wish i dumped 100 grand into this... imagine making 40 grand in 2 days? haha instead i made 200 bucks lol after hours is up 4 more cents too. haha 5.85 close, 5.89 afterhours. going to $7 tomorrow???? that's the rumor

08-07-2008, 06:38 AM	#23 (permalink)
briansol Administrator Join Date: Aug 2006 Location: Central CT Age: 28 Posts: 509 Rep Power: 10

08-07-2008, 03:21 PM	#24 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	it's down .20 today. wish i had a 100k too. too bad i don't have a shitload of money in any form. on a side note, i wonder why it crash from $70 less than a year ago.

08-07-2008, 07:38 PM	#25 (permalink)
getnick Super Moderator Join Date: Aug 2006 Location: West Coast Posts: 545 Rep Power: 4	hope you sold this. dumped $1 today.