> Just a bit nervous looking at how CIT and Wamu ended up.  I am
> thinking of going into ABK due to their $2.2 billion profit. can
> someone who has been foloowing this stock please tell me what the pros
> and cons are currently for a new investor? thanks.

> As I've been saying for the past few weeks, ABK is junk. This isn't my
> evaluation. That's the company's market rating.

> If you are worried, you have every reason to be. Check here:

> http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> Sorry Dude.

> Sometimes it's just the way the cards tumble.

> On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > thinking of going into ABK due to their $2.2 billion profit. can
> > someone who has been foloowing this stock please tell me what the pros
> > and cons are currently for a new investor? thanks.- Hide quoted text -

> - Show quoted text -

> Thanks, that is worrying.  So the $2.2billion profit is a bit
> misleading? coudl the sec allow them to say that knowing they havent
> declared all financial details- or could JP Morgan be wrong? I guess
> at this point in time abk would be a bit of a gamble for me.....if JPM
> are proved correct then ABK could go the same way as CIT (which i
> thought was too big to fail- but proven wrong)

> On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > evaluation. That's the company's market rating.

> > If you are worried, you have every reason to be. Check here:

> >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > Sorry Dude.

> > Sometimes it's just the way the cards tumble.

> > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > thinking of going into ABK due to their $2.2 billion profit. can
> > > someone who has been foloowing this stock please tell me what the pros
> > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > - Show quoted text -

> Calypso is only giving you half the story. ABK is a risky play - to be
> sure. The earnings are not artificial - just as mark to market
> accounting rules in the past decreased the value of the company
> artificially, now the changes in the accounting rules have
> artificially lifted it - the truth is somewhere in between. Mortgage
> default rates have slowed; the housing market is improving not
> deteriorating.

> Follow the releases between now and Nov 16th when the company reports
> its capital reserves. They must maintain $400 million dollars.
> If it dips below that several things could happen:
> 1. regulatory takeover
> 2. someone steps in and gives them the reserve in exchange for a share
> in the company
> 3. Wisoconsin waives the requirement seeing future growth prospects
> but puts them into some kind of supervisory watch.

> If the reserves are above the required level look for Moody's or the
> S&P raising their rating - not by much, but some. One of the main
> reasons ABK can't write new business is because of multiple downgrades
> that have come mostly from Moodys.  If Moodys wants to maintain its
> neutral reputation they will have to come in and give some kind of
> support as conditions have improved.

> On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > misleading? coudl the sec allow them to say that knowing they havent
> > declared all financial details- or could JP Morgan be wrong? I guess
> > at this point in time abk would be a bit of a gamble for me.....if JPM
> > are proved correct then ABK could go the same way as CIT (which i
> > thought was too big to fail- but proven wrong)

> > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > evaluation. That's the company's market rating.

> > > If you are worried, you have every reason to be. Check here:

> > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > Sorry Dude.

> > > Sometimes it's just the way the cards tumble.

> > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > someone who has been foloowing this stock please tell me what the pros
> > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> Mortgage market is still deteriorating, what planet are you living on?
> Housing has yet to reach a bottom est 3rd quarter next year.  And
> don't even get me started on the commercial side.
> If housing market was improving FNM wouldn't need yet another taxpayer
> bailout.
> ABK is trading at a dollar for a very good reason.  It's junk.

> On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > Calypso is only giving you half the story. ABK is a risky play - to be
> > sure. The earnings are not artificial - just as mark to market
> > accounting rules in the past decreased the value of the company
> > artificially, now the changes in the accounting rules have
> > artificially lifted it - the truth is somewhere in between. Mortgage
> > default rates have slowed; the housing market is improving not
> > deteriorating.

> > Follow the releases between now and Nov 16th when the company reports
> > its capital reserves. They must maintain $400 million dollars.
> > If it dips below that several things could happen:
> > 1. regulatory takeover
> > 2. someone steps in and gives them the reserve in exchange for a share
> > in the company
> > 3. Wisoconsin waives the requirement seeing future growth prospects
> > but puts them into some kind of supervisory watch.

> > If the reserves are above the required level look for Moody's or the
> > S&P raising their rating - not by much, but some. One of the main
> > reasons ABK can't write new business is because of multiple downgrades
> > that have come mostly from Moodys.  If Moodys wants to maintain its
> > neutral reputation they will have to come in and give some kind of
> > support as conditions have improved.

> > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > misleading? coudl the sec allow them to say that knowing they havent
> > > declared all financial details- or could JP Morgan be wrong? I guess
> > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > are proved correct then ABK could go the same way as CIT (which i
> > > thought was too big to fail- but proven wrong)

> > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > evaluation. That's the company's market rating.

> > > > If you are worried, you have every reason to be. Check here:

> > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > Sorry Dude.

> > > > Sometimes it's just the way the cards tumble.

> > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> what made you so smart when every one knows your nothing but a try to
> be shorter go play somewhere else ABK will have good news and price
> will go up

> On Nov 6, 11:27 am, investerdude <jparker4...@gmail.com> wrote:

> > Mortgage market is still deteriorating, what planet are you living on?
> > Housing has yet to reach a bottom est 3rd quarter next year.  And
> > don't even get me started on the commercial side.
> > If housing market was improving FNM wouldn't need yet another taxpayer
> > bailout.
> > ABK is trading at a dollar for a very good reason.  It's junk.

> > On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > > Calypso is only giving you half the story. ABK is a risky play - to be
> > > sure. The earnings are not artificial - just as mark to market
> > > accounting rules in the past decreased the value of the company
> > > artificially, now the changes in the accounting rules have
> > > artificially lifted it - the truth is somewhere in between. Mortgage
> > > default rates have slowed; the housing market is improving not
> > > deteriorating.

> > > Follow the releases between now and Nov 16th when the company reports
> > > its capital reserves. They must maintain $400 million dollars.
> > > If it dips below that several things could happen:
> > > 1. regulatory takeover
> > > 2. someone steps in and gives them the reserve in exchange for a share
> > > in the company
> > > 3. Wisoconsin waives the requirement seeing future growth prospects
> > > but puts them into some kind of supervisory watch.

> > > If the reserves are above the required level look for Moody's or the
> > > S&P raising their rating - not by much, but some. One of the main
> > > reasons ABK can't write new business is because of multiple downgrades
> > > that have come mostly from Moodys.  If Moodys wants to maintain its
> > > neutral reputation they will have to come in and give some kind of
> > > support as conditions have improved.

> > > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > > misleading? coudl the sec allow them to say that knowing they havent
> > > > declared all financial details- or could JP Morgan be wrong? I guess
> > > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > > are proved correct then ABK could go the same way as CIT (which i
> > > > thought was too big to fail- but proven wrong)

> > > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > > evaluation. That's the company's market rating.

> > > > > If you are worried, you have every reason to be. Check here:

> > > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > > Sorry Dude.

> > > > > Sometimes it's just the way the cards tumble.

> > > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -

> Thanks, that is worrying.  So the $2.2billion profit is a bit
> misleading? coudl the sec allow them to say that knowing they havent
> declared all financial details- or could JP Morgan be wrong? I guess
> at this point in time abk would be a bit of a gamble for me.....if JPM
> are proved correct then ABK could go the same way as CIT (which i
> thought was too big to fail- but proven wrong)

> On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > evaluation. That's the company's market rating.

> > If you are worried, you have every reason to be. Check here:

> >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > Sorry Dude.

> > Sometimes it's just the way the cards tumble.

> > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > thinking of going into ABK due to their $2.2 billion profit. can
> > > someone who has been foloowing this stock please tell me what the pros
> > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> what made you so smart when every one knows your nothing but a try to
> be shorter go play somewhere else ABK will have good news and price
> will go up

> On Nov 6, 11:27 am, investerdude <jparker4...@gmail.com> wrote:

> > Mortgage market is still deteriorating, what planet are you living on?
> > Housing has yet to reach a bottom est 3rd quarter next year.  And
> > don't even get me started on the commercial side.
> > If housing market was improving FNM wouldn't need yet another taxpayer
> > bailout.
> > ABK is trading at a dollar for a very good reason.  It's junk.

> > On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > > Calypso is only giving you half the story. ABK is a risky play - to be
> > > sure. The earnings are not artificial - just as mark to market
> > > accounting rules in the past decreased the value of the company
> > > artificially, now the changes in the accounting rules have
> > > artificially lifted it - the truth is somewhere in between. Mortgage
> > > default rates have slowed; the housing market is improving not
> > > deteriorating.

> > > Follow the releases between now and Nov 16th when the company reports
> > > its capital reserves. They must maintain $400 million dollars.
> > > If it dips below that several things could happen:
> > > 1. regulatory takeover
> > > 2. someone steps in and gives them the reserve in exchange for a share
> > > in the company
> > > 3. Wisoconsin waives the requirement seeing future growth prospects
> > > but puts them into some kind of supervisory watch.

> > > If the reserves are above the required level look for Moody's or the
> > > S&P raising their rating - not by much, but some. One of the main
> > > reasons ABK can't write new business is because of multiple downgrades
> > > that have come mostly from Moodys.  If Moodys wants to maintain its
> > > neutral reputation they will have to come in and give some kind of
> > > support as conditions have improved.

> > > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > > misleading? coudl the sec allow them to say that knowing they havent
> > > > declared all financial details- or could JP Morgan be wrong? I guess
> > > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > > are proved correct then ABK could go the same way as CIT (which i
> > > > thought was too big to fail- but proven wrong)

> > > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > > evaluation. That's the company's market rating.

> > > > > If you are worried, you have every reason to be. Check here:

> > > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > > Sorry Dude.

> > > > > Sometimes it's just the way the cards tumble.

> > > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> Mortgage market is still deteriorating, what planet are you living on?
> Housing has yet to reach a bottom est 3rd quarter next year.  And
> don't even get me started on the commercial side.
> If housing market was improving FNM wouldn't need yet another taxpayer
> bailout.
> ABK is trading at a dollar for a very good reason.  It's junk.

> On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > Calypso is only giving you half the story. ABK is a risky play - to be
> > sure. The earnings are not artificial - just as mark to market
> > accounting rules in the past decreased the value of the company
> > artificially, now the changes in the accounting rules have
> > artificially lifted it - the truth is somewhere in between. Mortgage
> > default rates have slowed; the housing market is improving not
> > deteriorating.

> > Follow the releases between now and Nov 16th when the company reports
> > its capital reserves. They must maintain $400 million dollars.
> > If it dips below that several things could happen:
> > 1. regulatory takeover
> > 2. someone steps in and gives them the reserve in exchange for a share
> > in the company
> > 3. Wisoconsin waives the requirement seeing future growth prospects
> > but puts them into some kind of supervisory watch.

> > If the reserves are above the required level look for Moody's or the
> > S&P raising their rating - not by much, but some. One of the main
> > reasons ABK can't write new business is because of multiple downgrades
> > that have come mostly from Moodys.  If Moodys wants to maintain its
> > neutral reputation they will have to come in and give some kind of
> > support as conditions have improved.

> > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > misleading? coudl the sec allow them to say that knowing they havent
> > > declared all financial details- or could JP Morgan be wrong? I guess
> > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > are proved correct then ABK could go the same way as CIT (which i
> > > thought was too big to fail- but proven wrong)

> > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > evaluation. That's the company's market rating.

> > > > If you are worried, you have every reason to be. Check here:

> > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > Sorry Dude.

> > > > Sometimes it's just the way the cards tumble.

> > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -

Calypso <s...@writersinc.ca> wrote:
> LOL. Tell me please: how does one short a one dollar stock? Prior
> shorts would already be out and once out, you can't get back in at
> that price.

> Shorter? Pulleeeze.

> On Nov 6, 3:02 pm, homeboy <dan...@frontier.com> wrote:

> > what made you so smart when every one knows your nothing but a try to
> > be shorter go play somewhere else ABK will have good news and price
> > will go up

> > On Nov 6, 11:27 am, investerdude <jparker4...@gmail.com> wrote:

> > > Mortgage market is still deteriorating, what planet are you living on?
> > > Housing has yet to reach a bottom est 3rd quarter next year.  And
> > > don't even get me started on the commercial side.
> > > If housing market was improving FNM wouldn't need yet another taxpayer
> > > bailout.
> > > ABK is trading at a dollar for a very good reason.  It's junk.

> > > On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > > > Calypso is only giving you half the story. ABK is a risky play - to be
> > > > sure. The earnings are not artificial - just as mark to market
> > > > accounting rules in the past decreased the value of the company
> > > > artificially, now the changes in the accounting rules have
> > > > artificially lifted it - the truth is somewhere in between. Mortgage
> > > > default rates have slowed; the housing market is improving not
> > > > deteriorating.

> > > > Follow the releases between now and Nov 16th when the company reports
> > > > its capital reserves. They must maintain $400 million dollars.
> > > > If it dips below that several things could happen:
> > > > 1. regulatory takeover
> > > > 2. someone steps in and gives them the reserve in exchange for a share
> > > > in the company
> > > > 3. Wisoconsin waives the requirement seeing future growth prospects
> > > > but puts them into some kind of supervisory watch.

> > > > If the reserves are above the required level look for Moody's or the
> > > > S&P raising their rating - not by much, but some. One of the main
> > > > reasons ABK can't write new business is because of multiple downgrades
> > > > that have come mostly from Moodys.  If Moodys wants to maintain its
> > > > neutral reputation they will have to come in and give some kind of
> > > > support as conditions have improved.

> > > > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > > > misleading? coudl the sec allow them to say that knowing they havent
> > > > > declared all financial details- or could JP Morgan be wrong? I guess
> > > > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > > > are proved correct then ABK could go the same way as CIT (which i
> > > > > thought was too big to fail- but proven wrong)

> > > > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > > > evaluation. That's the company's market rating.

> > > > > > If you are worried, you have every reason to be. Check here:

> > > > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > > > Sorry Dude.

> > > > > > Sometimes it's just the way the cards tumble.

> > > > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > > > > - Show quoted text -- Hide quoted text -

> > > > - Show quoted text -- Hide quoted text -

> > > - Show quoted text -- Hide quoted text -

> > - Show quoted text -- Hide quoted text -

> - Show quoted text -

> what name are going by next week calypso shorterOn Nov 6, 3:00 pm,

> Calypso <s...@writersinc.ca> wrote:
> > LOL. Tell me please: how does one short a one dollar stock? Prior
> > shorts would already be out and once out, you can't get back in at
> > that price.

> > Shorter? Pulleeeze.

> > On Nov 6, 3:02 pm, homeboy <dan...@frontier.com> wrote:

> > > what made you so smart when every one knows your nothing but a try to
> > > be shorter go play somewhere else ABK will have good news and price
> > > will go up

> > > On Nov 6, 11:27 am, investerdude <jparker4...@gmail.com> wrote:

> > > > Mortgage market is still deteriorating, what planet are you living on?
> > > > Housing has yet to reach a bottom est 3rd quarter next year.  And
> > > > don't even get me started on the commercial side.
> > > > If housing market was improving FNM wouldn't need yet another taxpayer
> > > > bailout.
> > > > ABK is trading at a dollar for a very good reason.  It's junk.

> > > > On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > > > > Calypso is only giving you half the story. ABK is a risky play - to be
> > > > > sure. The earnings are not artificial - just as mark to market
> > > > > accounting rules in the past decreased the value of the company
> > > > > artificially, now the changes in the accounting rules have
> > > > > artificially lifted it - the truth is somewhere in between. Mortgage
> > > > > default rates have slowed; the housing market is improving not
> > > > > deteriorating.

> > > > > Follow the releases between now and Nov 16th when the company reports
> > > > > its capital reserves. They must maintain $400 million dollars.
> > > > > If it dips below that several things could happen:
> > > > > 1. regulatory takeover
> > > > > 2. someone steps in and gives them the reserve in exchange for a share
> > > > > in the company
> > > > > 3. Wisoconsin waives the requirement seeing future growth prospects
> > > > > but puts them into some kind of supervisory watch.

> > > > > If the reserves are above the required level look for Moody's or the
> > > > > S&P raising their rating - not by much, but some. One of the main
> > > > > reasons ABK can't write new business is because of multiple downgrades
> > > > > that have come mostly from Moodys.  If Moodys wants to maintain its
> > > > > neutral reputation they will have to come in and give some kind of
> > > > > support as conditions have improved.

> > > > > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > > > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > > > > misleading? coudl the sec allow them to say that knowing they havent
> > > > > > declared all financial details- or could JP Morgan be wrong? I guess
> > > > > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > > > > are proved correct then ABK could go the same way as CIT (which i
> > > > > > thought was too big to fail- but proven wrong)

> > > > > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > > > > evaluation. That's the company's market rating.

> > > > > > > If you are worried, you have every reason to be. Check here:

> > > > > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > > > > Sorry Dude.

> > > > > > > Sometimes it's just the way the cards tumble.

> > > > > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

> > > > > > > - Show quoted text -- Hide quoted text -

> > > > > - Show quoted text -- Hide quoted text -

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> Investordude --
> I am presently residing on planet Earth. The housing numbers are
> improving. The hardest hit areas Florida, California and Arizona have
> bottomed . The rate of delinquencies is being offset now by 1st time
> buyers buying homes because of the tax credit for new home buyers.
> Mortgage applications are up, rates are going up, inventory of unsold
> homes is stabilized.
> The commercial real estate market sucks ands may get worse. But my
> understanding is that ABK has little if any exposure to the commercial
> real estate market. Perhaps this is a misapprehension on my part. I
> would welcome you to relieve me of my ignorance.

> On Nov 6, 11:27 am, investerdude <jparker4...@gmail.com> wrote:

> > Mortgage market is still deteriorating, what planet are you living on?
> > Housing has yet to reach a bottom est 3rd quarter next year.  And
> > don't even get me started on the commercial side.
> > If housing market was improving FNM wouldn't need yet another taxpayer
> > bailout.
> > ABK is trading at a dollar for a very good reason.  It's junk.

> > On Nov 6, 11:06 am, Adapting <adapt...@sbcglobal.net> wrote:

> > > Calypso is only giving you half the story. ABK is a risky play - to be
> > > sure. The earnings are not artificial - just as mark to market
> > > accounting rules in the past decreased the value of the company
> > > artificially, now the changes in the accounting rules have
> > > artificially lifted it - the truth is somewhere in between. Mortgage
> > > default rates have slowed; the housing market is improving not
> > > deteriorating.

> > > Follow the releases between now and Nov 16th when the company reports
> > > its capital reserves. They must maintain $400 million dollars.
> > > If it dips below that several things could happen:
> > > 1. regulatory takeover
> > > 2. someone steps in and gives them the reserve in exchange for a share
> > > in the company
> > > 3. Wisoconsin waives the requirement seeing future growth prospects
> > > but puts them into some kind of supervisory watch.

> > > If the reserves are above the required level look for Moody's or the
> > > S&P raising their rating - not by much, but some. One of the main
> > > reasons ABK can't write new business is because of multiple downgrades
> > > that have come mostly from Moodys.  If Moodys wants to maintain its
> > > neutral reputation they will have to come in and give some kind of
> > > support as conditions have improved.

> > > On Nov 6, 6:56 am, Basa <basam...@gmail.com> wrote:

> > > > Thanks, that is worrying.  So the $2.2billion profit is a bit
> > > > misleading? coudl the sec allow them to say that knowing they havent
> > > > declared all financial details- or could JP Morgan be wrong? I guess
> > > > at this point in time abk would be a bit of a gamble for me.....if JPM
> > > > are proved correct then ABK could go the same way as CIT (which i
> > > > thought was too big to fail- but proven wrong)

> > > > On 6 Nov, 14:47, Calypso <s...@writersinc.ca> wrote:

> > > > > As I've been saying for the past few weeks, ABK is junk. This isn't my
> > > > > evaluation. That's the company's market rating.

> > > > > If you are worried, you have every reason to be. Check here:

> > > > >http://money.cnn.com/news/newsfeeds/articles/djf500/200911051343DOWJO...

> > > > > Sorry Dude.

> > > > > Sometimes it's just the way the cards tumble.

> > > > > On Nov 6, 7:05 am, Basa <basam...@gmail.com> wrote:

> > > > > > Just a bit nervous looking at how CIT and Wamu ended up.  I am
> > > > > > thinking of going into ABK due to their $2.2 billion profit. can
> > > > > > someone who has been foloowing this stock please tell me what the pros
> > > > > > and cons are currently for a new investor? thanks.- Hide quoted text -

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