Gary McCamey

The Real Risk: Ambac Loses its AAA Rating

I"m not real familiar with the market business, but in an article written by Jim Cramer about two weeks ago he stated: "I pick AMBAC as the stock of the year in 2008". Does this mean he thinks it is a good opportunity for investors to take a risk, small risk according to the article, and make some really good profits for 2008? I noticed the high in the past 52 weeks for AMBAC was $96. (Give or take) If AMBAC does turn out to be the stock of the year in 2008, and it has a potential of $50. to $75./share, then instead of running and screaming, "The Sky is Falling", investors should take some of the money they have put into their old socks, baby powered it and buy as many AMBAC shares as they could risk losing on a small risk investment. I"ve seen people bet $1,000. on a horse that paid 2 to 1 odds, and not bat an eye when that old horse came in last. If AMBAC got up to it's old price, then it'd pay almost 10 to 1, and if it just gets to half it's value before the fall, then it's 5 to 1 to win big. Like the article stated, if AMBAC fails, then the USA will likely fall to. I don't think Uncle Sam will let that happen. Tomorrow I'll scrape up some pennies and try to buy 1,000 shares of AMBAC at $12./share. Gee, I stand a chance of making $48,000. on that $12,000. investment. We poor guys who can't buy a million shares at one time don't get a chance to make $48,000. in one year, not very often. Considering Uncle Sam is on my side, I think it's a little risk, but a little risk well worth taking. Mr. Cramer I hope you are right by picking AMBAC to be stock of the year, 2008. I'll know around Christmas time this year. The skys not falling and a lot of people are going to make a lot of money off Ambac. Captain Gary

I'm Encouraged by Citi's Branch Closures

This is a note for Citi to consider. Your problems have just begun, as emails are started and hundreds of thousands of concerned share holders will be waiting to see what legal considerations they have in Citigroups smear campaign against Etrade. Obviously Citigroup is trying everything to get attention off themselves and a bad performance, and smear another competitor with false analysis findings. Besides the fact your smear campaign has not worked against Etrade, but you have opened yourself up to very serious charges to answer in the courts. Citigroup, you picked a very bad time to irritate over 100,000 angry share holders who are tired of your analyst reports attempting to discourage your readers to use Etrade. Let me say that any company that has to use such underhanded methods to try to survive, most people would avoid completely. I would not enter the door of Citigroup, or any company that will deal untruthfully. For 10 years I have dealt with Etrade, not only as a banking customer but also as a share holder in the company. I have never been disappointed in the service of ETrade, or the accuracy of all my records. For that reason a nation wide campaign has been started against Citigroup. Your efforts to smear a competitor were in vain, but the results will soon be seen in your accounts. Please, ask your analyst, Bahaila, and I probably misspelled his name, please tell him he can stop now. His latest nasty report about Etrade stated, "I think Etrade's 2008 high for the year will be $3.50." You dork, either you are stupid, a liar, or you're just trying to harm, (manipulate), Etrade to benefit, yourself, or Citigroup. How do I know this, I sold 4200 shares of Etrade Friday, Jan. 25, 2008, for $4.05 in the after hours market. About ten minutes earlier I sold 4000 shares of ETrade at $3.92. I'm asking everyone who reads this message and the following material circulated through the US, to beware the underhanded policies of Citigroup, and think very seriously before buying Citigroup stock. Men much wiser then I have already started legal actions against Citigroup. Captain Gary