More Insider Buying
Q: http://www.secform4.com/insider-trading/874501.htm http://ir.ambac.com/phoenix.zhtml?c=80774&p=IROL-sec More form 4 filed. looks good for me.
A: I noticed several small purchases but wonder if anyone made an important move, like spending more than what it would take to buy a compact car. What's happening on May 5th? apart from insiders buying, I being buying for the last two months now, did any one notince -:) the next thursday I guess, will be the day!!!! May 5th is the Annual Stockholders Meeting, SilverCloud. I suspect that some good news is about to arise because you have to at least buy in a month before to be included for dividends and the like. It has really been a long long time since any insider from ABK bought shares of their own stock. There has been such a selling spree going on with the company for a long time. There is new management and it looks like they really want to be in on the up and up. I wish I just had more funds now to buy in more. I see this stock being 3x it present value within 54 days. Thank you for the clarification. Although we are well ahead of the March low, curiously we are below the support of January & early February which is a dollar, I was thinking with the anticipated and actual reform of Mark to Market that we would get a little more of a move upwards, but the high/resistance of March & early April is still lower than the support of January & February. If I understand the reform some of the securities that can be marked to cash flow accounting rather than M2M can be adjusted as of the first of the year. It some how seems that the credit agencies would need to upgrade as the company's rating as the captital position becomes stronger and that there should be improvements in the cost of captial and the stock price. I am tempted to buy some more but wonder if M2M reform will really help the company or not. If the reforms are going to help us then I guess we should know by the annual meeting.
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