Ok, I admit that I’m guilty of buying a few of the stocks that have been recently branded by the media as “Dash for Trash”. In particular, I’m referring to MBI, ABK, FRE, FNM. I got into these stocks all fairly early and today, I dumped my last shares of each of these [...]
It looks like the financial stocks are all taking off today, particularly the ones that haven’t had a run yet. For example, ABK and MBI are both making a nice move up today. Maybe they’re piggybacking off of the explosion of AIG’s stock price since they’re all related to insurance. That’s a [...]
I recently bought some ALSC stock at $0.23-$0.24 range. Again, this stock intrigues me.
First, ALSC has almost $60 million in Ambac Preferred Shares. These shares are illiquid so ALSC is stuck with these shares and can’t sell it to get it’s money back.
However, it’s suppose to provide a yield of about $0.02/share each [...]
