Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4236622 for the full story.

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=4171885 for the full story.

Ambac Says Government Should Back Bond Insurers

Insurer XL Capital Ltd. (NYSE: XL) warned of a sizable third quarter loss due to a one-time payment to former subsidiary Syncora Holdings Ltd. (NYSE: SCA) which would effectively end the company's exposure to the troubled bond insurer.  Shares of...

Investors reacted favorably to announced plans by the U.S. government to spend up to $250 billion to take equity stakes in 9 major U.S. banks. The Dow rose more than 300 points before pulling back to 9585, up nearly 200 points. Nasdaq lost 5 points to 1839.

What I’m doing now is creating a morning post and then just commenting under that post all my trades for the day. Its kind of like twittering my own posts. I’m finding it easier to do it this way. Today was a flat market, but I was out trading like a banshee raking in gains. This [...]

I sold DRYS capturing I think, 36% gain, not sure, will figure it out later. Bought AIG, SCA, UYG, and CLF testing a new intraday thing. Tags: aig, clf, drys, sca, uyg

CreditSights’ list of its most frequently downloaded reports so far this year makes interesting reading. As might be expected, subprime and broader credit-crunch topics dominate, but of note is the number of reports on bond insurance.  This probably reflects not only the gyrations of the credit default swaps market and the unraveling of the monoline insurers, [...]

I know, I know you want some stock trades, well, it’s been boring, welcome to PennyStocking, there’s not gonna be a trade every day or even every week, especially during this, the slowest month of the year. Deal with it and don’t force trades…and most of all, stop emailing me about when … (visit site to read more)<img[More...]

Yes, some old guy opened his mouth yesterday and the business world shook. I don’t care about the Fed, nor the overall markets, I search for individual pump and dumps. I am glad the markets rebounded, but only because that gets our favorite spammers/pumpers in a better mood to do the only thing they’re good at…and that’s when PennyStocking is so awesome…so if this rally continues, expect some solid plays to open up…as it is, I don’t see anything worth anyone’s time, other than if you’re a scalper and if you are, I pity you, it’s no way to live.PGTI is now up 50% in 4 days, earnings play, inverse head and shoulders, looks great, but still a ton of bitter shareholders, I’d love for it to keep going, if it can break $6…convincingly, no real resistance til the high $7s, which would be a great entry point to try to go for a $1-2 reversal…oh, this short seller is probly just[More...]

Andrea Kramer takes a look at the market before the open