GSH1976

Restoring Credibility to Ambac and MBIA

From my experience short sellers on average are the most savy investors. They are willing to take a gamble that could result in unlimited losses. Hence, they are very thorough in their research.

I see nothing in your article to support your thesis that ABK and MBIA are viable entities. Their problems are just started to play out. Instead I see a pathetic attack on Ackman. It is ironic that both yourself and that joke Tom Brown write for seeking alpha since there are many similarities between the two of you. Both are making calls with no factual support (Brown on financials) that will ultimately be proven wrong and both of you attack short sellers (Brown attacks Whitney) and come away looking desperate.

Friday's Turnaround: Raid on the Shorts

Plantogetrich: The markets were going to tank. The BKX was rolling over. The NASDAQ was on its way to its lowest close since 2006. XLF had violated a key trendline and was selling off hard. To say the timing of this release was questionable is an understatement.

Good luck.

Friday's Turnaround: Raid on the Shorts

goldjockey: I agree with you 100%. My goal this week is to find a CNBC intern with a blackberry.

It is sad that CNBC has such influence over the markets. Anybody that disputes this simple fact is naive.

Friday's Turnaround: Raid on the Shorts

Raja: How many times have we heard BSC was being bought? How many times have we heard Buffett was buying a company? How many times have we heard about bank infusions that didn't pan out? How many times have we heard rumors of an emergency rate cut?

Let's hear some of those false rumors that caused the markets to tank because frankly I don't know what you are talking about. Off the top of my head a remember rumors that BZH and CFC were filing for bankruptcy. The BZH rumor did not pan out but who knows about CFC since the BAC deal was announched shortly afterwards.

For every bearish rumor there are at least 10 bullish ones.